Fair Isaac (FICO) FY2021 results: revenue $1.3 billion, up 1.7% on the year
Fair Isaac Corp. (FICO) reported revenue of $1.3 billion for fiscal 2021, the year ended 30 September 2021, up 1.7% on the year before. Net income was $392 million, up 65.8%, and diluted earnings per share $13.40. The figures are the company's own, from the 10-K it filed with the SEC on 10 November 2021.
Revenue
$1.3 billion
+1.7% on the year
FY2014FY2021
Operating margin
38.4%
22.9% a year earlier
FY2014FY2021
Net income
$392 million
+65.8% on the year
FY2014FY2021
Diluted EPS
$13.40
+69.6% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
1,317
1,295
1,160
+1.7%
Cost of revenue
332
361
337
-7.9%
Gross profit
984
933
823
+5.4%
Gross margin
74.7%
72.1%
71.0%
Research and development
171
166
149
+2.8%
Selling, general and administrative
396
421
414
-5.9%
Operating income
505
296
254
+70.8%
Operating margin
38.4%
22.9%
21.9%
Interest expense
40.1
42.2
39.8
-4.9%
Pre-tax income
473
257
216
+84.1%
Income tax
81.1
20.6
23.9
+293.7%
Effective tax rate
17.1%
8.0%
11.1%
Net income
392
236
192
+65.8%
Net margin
29.8%
18.3%
16.6%
Diluted EPS
$13.40
$7.90
$6.34
+69.6%
$ 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
424
365
260
+16.1%
Capital expenditure
7.6
22.0
24.0
-65.6%
Free cash flow
416
343
236
+21.4%
Free cash flow margin
31.6%
26.5%
20.4%
Cash from investing
138
-24.6
-42.8
Cash from financing
-524
-289
-200
Depreciation and amortisation
25.6
30.4
31.6
-15.7%
Share-based compensation
112
93.7
83.0
+20.0%
Buybacks
874
235
229
+271.6%
Dividends paid
n/a
n/a
0.0
Diluted shares, weighted
29m
30m
30m
-2.2%
Shares outstanding at period end
28m
29m
29m
-5.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
-111
331
290
Debt
1,259
834
825
+50.9%
Operating lease liabilities
53.7
73.2
n/a
-26.7%
Finance lease liabilities
0.0
3.1
n/a
Other liabilities
366
364
319
+0.4%
Total liabilities and equity
1,568
1,606
1,433
-2.4%
Fixed assets
27.9
46.4
53.0
-39.9%
Goodwill
788
812
804
-3.0%
Intangible assets
4.1
9.2
14.1
-55.6%
Investments
31.9
25.5
20.2
+25.0%
Cash and equivalents
195
157
106
+24.1%
Receivables
312
334
297
-6.6%
Other assets
208
221
139
-5.8%
Total assets
1,568
1,606
1,433
-2.4%
10-K for the year ended 30 September 2021, filed 10 November 2021: the filing.