Fortune Brands Innovations (FBIN) FY2021 results: revenue $4.8 billion, up 32.6% on the year
Fortune Brands Innovations, Inc. (FBIN) reported revenue of $4.8 billion for fiscal 2021, the year ended 31 December 2021, up 32.6% on the year before. Net income was $772 million, up 39.6%, and diluted earnings per share $5.54. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$4.8 billion
+32.6% on the year
FY2014FY2021
Operating margin
16.9%
15.7% a year earlier
FY2014FY2021
Net income
$772 million
+39.6% on the year
FY2014FY2021
Diluted EPS
$5.54
+40.6% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
689
826
637
-16.6%
Capital expenditure
214
150
132
+42.3%
Free cash flow
474
675
505
-29.7%
Free cash flow margin
9.9%
18.6%
8.8%
Cash from investing
-207
-924
-128
Cash from financing
-429
112
-390
Depreciation and amortisation
171
146
153
+17.6%
Share-based compensation
50.2
47.6
30.5
+5.5%
Buybacks
448
188
100
+138.6%
Dividends paid
143
133
123
+7.3%
Dividend per share
$1.06
$0.98
$0.90
+8.2%
Diluted shares, weighted
140m
140m
141m
-0.5%
Shares outstanding at period end
135m
139m
140m
-2.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,065
2,776
2,427
+10.4%
Non-controlling interest
n/a
n/a
1.2
Short-term borrowings
400
n/a
400
Debt
2,710
2,572
2,184
+5.3%
Operating lease liabilities
109
140
140
-22.6%
Other liabilities
n/a
1,870
1,140
Total liabilities and equity
5,446
7,359
6,291
-26.0%
Fixed assets
671
917
824
-26.9%
Goodwill
1,539
1,469
2,090
+4.8%
Intangible assets
968
1,420
1,169
-31.8%
Cash and equivalents
426
419
388
+1.6%
Receivables
580
735
625
-21.0%
Inventory
890
867
719
+2.6%
Other assets
373
1,531
477
-75.6%
Total assets
5,446
7,359
6,291
-26.0%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.