Global Net Lease (GNL) FY2021 results: revenue $391 million, up 18.5% on the year
Global Net Lease, Inc. (GNL) reported revenue of $391 million for fiscal 2021, the year ended 31 December 2021, up 18.5% on the year before. Net income was -$9 million, and diluted earnings per share $-0.20. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$391 million
+18.5% on the year
FY2014FY2021
Operating margin
28.6%
30.1% a year earlier
FY2014FY2021
Net income
-$9 million
FY2014FY2021
Diluted EPS
-$0.20
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
192
177
146
+8.8%
Capital expenditure
7.9
6.4
17.3
+24.1%
Free cash flow
185
170
129
+8.3%
Free cash flow margin
47.2%
51.6%
42.0%
Cash from investing
-437
-471
-294
Cash from financing
218
141
300
+55.2%
Depreciation and amortisation
163
139
126
+17.7%
Share-based compensation
11.0
10.1
9.5
+9.6%
Buybacks
0.2
0.0
0.0
Dividends paid
156
155
151
+0.7%
Dividend per share
$1.73
$1.73
$2.13
0.0%
Diluted shares, weighted
98m
89m
86m
+9.8%
Shares outstanding at period end
104m
90m
89m
+15.9%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,621
1,533
1,698
+5.8%
Non-controlling interest
5.9
21.8
12.3
-72.8%
Debt
2,427
2,265
1,869
+7.1%
Other liabilities
130
147
123
-12.1%
Total liabilities and equity
4,183
3,967
3,702
+5.4%
Goodwill
22.1
n/a
n/a
Intangible assets
370
393
401
-5.9%
Cash and equivalents
89.7
124
270
-27.8%
Other assets
3,702
3,450
3,030
+7.3%
Total assets
4,183
3,967
3,702
+5.4%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.