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GoDaddy (GDDY) FY2021 results: revenue $3.8 billion, up 15.0% on the year

GoDaddy Inc. (GDDY) reported revenue of $3.8 billion for fiscal 2021, the year ended 31 December 2021, up 15.0% on the year before. Net income was $242 million, and diluted earnings per share $1.42. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.

Revenue
$3.8 billion
+15.0% on the year
FY2016FY2021
Operating margin
10.0%
8.2% a year earlier
FY2016FY2021
Net income
$242 million
FY2016FY2021
Diluted EPS
$1.42
FY2016FY2021

this yearthe year beforeHover a bar for its figure.

The year in brief

The quarters: Q4 FY2021

Income statement (profit and loss)

$ millionFY2021FY2020FY2019On the yearLast 8 years
Revenue3,8163,3172,988+15.0%
Cost of revenue1,3721,1591,027+18.4%
Gross profit2,4442,1581,961+13.2%
Gross margin64.0%65.1%65.6%
Operating income382272203+40.4%
Operating margin10.0%8.2%6.8%
Interest expense12691.392.1+38.0%
Pre-tax income254-495126
Income tax10.8-1.3-12.0
Effective tax rate4.3%n/a-9.5%
Net income242-495137
Net margin6.4%-14.9%4.6%
Diluted EPS$1.42-$2.94$0.76
$ 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

$ millionFY2021FY2020FY2019On the yearLast 8 years
Operating cash flow829765723+8.5%
Capital expenditure51.166.587.6-23.2%
Free cash flow778698636+11.5%
Free cash flow margin20.4%21.0%21.3%
Cash from investing-636-482-135
Cash from financing298-582-457
Depreciation and amortisation200203210-1.5%
Share-based compensation208192147+8.6%
Buybacks526542459-2.9%
Diluted shares, weighted171m169m182m+1.5%

Balance sheet

$ millionFY2021FY2020FY2019On the yearLast 8 years
Shareholders' equity81.7-12.9772
Non-controlling interest1.51.110.1+36.4%
Debt3,8823,1142,395+24.7%
Operating lease liabilities143167193-14.4%
Other liabilities3,3093,1642,931+4.6%
Total liabilities and equity7,4176,4336,301+15.3%
Fixed assets220257259-14.5%
Goodwill3,5413,2752,976+8.1%
Intangible assets1,3851,2551,098+10.3%
Investmentsn/a0.023.6
Cash and equivalents1,2567651,063+64.1%
Receivables63.641.830.2+52.2%
Other assets952838852+13.6%
Total assets7,4176,4336,301+15.3%

10-K for the year ended 31 December 2021, filed 17 February 2022: the filing.