General Electric (GE) FY2021 results: revenue $56.5 billion, down 2.7% on the year
General Electric Co. (GE) reported revenue of $56.5 billion for fiscal 2021, the year ended 31 December 2021, down 2.7% on the year before. Net income was -$6.3 billion, and diluted earnings per share $-6.00. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2022.
Revenue
$56.5 billion
-2.7% on the year
FY2014FY2021
Operating margin
-14.9%
-13.0% a year earlier
FY2014FY2021
Net income
-$6.3 billion
FY2014FY2021
Diluted EPS
-$6.00
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
3,481
3,411
8,734
+2.1%
Capital expenditure
1,007
1,323
2,216
-23.9%
Free cash flow
2,474
2,088
6,518
+18.5%
Free cash flow margin
4.4%
3.6%
7.2%
Cash from investing
21,379
17,062
8,977
+25.3%
Cash from financing
-45,397
-20,086
-16,133
Depreciation and amortisation
1,622
1,895
2,018
-14.4%
Share-based compensation
305
353
400
-13.6%
Buybacks
107
n/a
n/a
Dividends paid
575
648
649
-11.3%
Dividend per share
$0.32
$0.32
$0.32
0.0%
Diluted shares, weighted
1,098m
1,095m
1,090m
+0.3%
Shares outstanding at period end
1,099m
1,096m
1,092m
+0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
32,044
35,552
28,316
-9.9%
Non-controlling interest
1,302
1,522
1,545
-14.5%
Redeemable equity
148
487
439
-69.6%
Debt
35,114
74,902
90,882
-53.1%
Operating lease liabilities
2,496
3,195
3,162
-21.9%
Other liabilities
134,274
140,553
140,833
-4.5%
Total liabilities and equity
205,378
256,211
265,177
-19.8%
Fixed assets
n/a
44,662
45,879
Goodwill
13,303
13,669
25,895
-2.7%
Intangible assets
7,483
9,671
10,653
-22.6%
Investments
42,209
42,549
n/a
-0.8%
Cash and equivalents
15,174
36,530
35,811
-58.5%
Receivables
12,579
16,691
16,568
-24.6%
Inventory
13,539
15,890
17,215
-14.8%
Other assets
101,091
76,549
113,156
+32.1%
Total assets
205,378
256,211
265,177
-19.8%
10-K for the year ended 31 December 2021, filed 11 February 2022: the filing.