Comfort Systems USA (FIX) FY2021 results: revenue $3.1 billion, up 7.6% on the year
Comfort Systems USA Inc. (FIX) reported revenue of $3.1 billion for fiscal 2021, the year ended 31 December 2021, up 7.6% on the year before. Net income was $143 million, down 4.5%, and diluted earnings per share $3.93. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$3.1 billion
+7.6% on the year
FY2014FY2021
Operating margin
6.1%
6.7% a year earlier
FY2014FY2021
Net income
$143 million
-4.5% on the year
FY2014FY2021
Diluted EPS
$3.93
-3.9% 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
180
287
142
-37.1%
Capital expenditure
22.3
24.1
31.8
-7.5%
Free cash flow
158
262
110
-39.8%
Free cash flow margin
5.1%
9.2%
4.2%
Cash from investing
-247
-208
-224
Cash from financing
70.5
-74.6
87.6
Depreciation and amortisation
28.4
27.9
24.5
+1.8%
Share-based compensation
10.6
6.9
5.9
+52.8%
Buybacks
27.1
30.1
19.6
-10.2%
Dividends paid
17.4
15.5
14.5
+12.2%
Dividend per share
$0.48
$0.42
$0.40
+12.9%
Diluted shares, weighted
36m
37m
37m
-0.8%
Shares outstanding at period end
36m
36m
37m
-0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
806
696
585
+15.7%
Debt
388
236
226
+64.5%
Operating lease liabilities
108
80.6
72.7
+33.7%
Other liabilities
908
744
621
+21.9%
Total liabilities and equity
2,209
1,757
1,505
+25.7%
Fixed assets
129
117
110
+9.7%
Goodwill
592
464
332
+27.5%
Intangible assets
305
232
160
+31.5%
Cash and equivalents
58.8
54.9
50.8
+7.1%
Inventory
21.9
13.5
10.1
+62.2%
Other assets
1,103
876
842
+26.0%
Total assets
2,209
1,757
1,505
+25.7%
10-K for the year ended 31 December 2021, filed 23 February 2022: the filing.