Generac Holdings (GNRC) FY2021 results: revenue $3.7 billion, up 50.4% on the year
Generac Holdings Inc. (GNRC) reported revenue of $3.7 billion for fiscal 2021, the year ended 31 December 2021, up 50.4% on the year before. Net income was $550 million, up 57.0%, and diluted earnings per share $8.30. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$3.7 billion
+50.4% on the year
FY2014FY2021
Operating margin
19.3%
19.3% a year earlier
FY2014FY2021
Net income
$550 million
+57.0% on the year
FY2014FY2021
Diluted EPS
$8.30
+51.5% 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
411
487
309
-15.5%
Capital expenditure
110
62.1
60.8
+77.0%
Free cash flow
301
424
248
-29.0%
Free cash flow margin
8.1%
17.1%
11.3%
Cash from investing
-817
-124
-170
Cash from financing
-103
-30.4
-41.9
Depreciation and amortisation
92.0
68.8
60.8
+33.8%
Share-based compensation
24.0
20.9
16.7
+14.7%
Buybacks
126
0.0
0.0
Dividends paid
0.0
0.0
0.3
Diluted shares, weighted
64m
64m
63m
+0.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,214
1,390
1,032
+59.2%
Non-controlling interest
0.3
-0.1
0.5
Redeemable equity
58.0
66.2
61.2
-12.3%
Debt
980
885
899
+10.7%
Finance lease liabilities
n/a
25.1
24.1
Other liabilities
1,626
869
649
+87.1%
Total liabilities and equity
4,878
3,235
2,666
+50.8%
Fixed assets
441
344
317
+28.2%
Goodwill
1,410
855
805
+64.8%
Intangible assets
1,041
292
298
+256.5%
Cash and equivalents
147
655
323
-77.5%
Receivables
546
375
320
+45.8%
Inventory
1,090
603
522
+80.6%
Other assets
203
111
81.2
+82.7%
Total assets
4,878
3,235
2,666
+50.8%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.