Alphabet (GOOGL) FY2021 results: revenue $257.6 billion, up 41.2% on the year
Alphabet Inc. (GOOGL) reported revenue of $257.6 billion for fiscal 2021, the year ended 31 December 2021, up 41.2% on the year before. Net income was $76.0 billion, up 88.8%, and diluted earnings per share $5.61. The figures are the company's own, from the 10-K it filed with the SEC on 2 February 2022.
Revenue
$257.6 billion
+41.2% on the year
FY2014FY2021
Operating margin
30.6%
22.6% a year earlier
FY2014FY2021
Net income
$76.0 billion
+88.8% on the year
FY2014FY2021
Diluted EPS
$5.61
+91.4% 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
91,652
65,124
54,520
+40.7%
Capital expenditure
24,640
22,281
23,548
+10.6%
Free cash flow
67,012
42,843
30,972
+56.4%
Free cash flow margin
26.0%
23.5%
19.1%
Cash from investing
-35,523
-32,773
-29,491
Cash from financing
-61,362
-24,408
-23,209
Share-based compensation
15,376
12,991
10,794
+18.4%
Buybacks
50,274
31,149
18,396
+61.4%
Dividends paid
0.0
0.0
0.0
Shares outstanding at period end
13,242m
13,504m
13,767m
-1.9%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
251,635
222,544
201,442
+13.1%
Debt
15,440
15,319
4,685
+0.8%
Operating lease liabilities
11,389
11,146
10,214
+2.2%
Finance lease liabilities
n/a
n/a
685
Other liabilities
80,804
70,607
58,883
+14.4%
Total liabilities and equity
359,268
319,616
275,909
+12.4%
Fixed assets
97,599
84,749
73,646
+15.2%
Goodwill
22,956
21,175
20,624
+8.4%
Intangible assets
1,417
1,445
1,979
-1.9%
Investments
120,104
110,229
101,177
+9.0%
Cash and equivalents
20,945
26,465
18,498
-20.9%
Receivables
39,304
30,930
25,326
+27.1%
Inventory
1,170
728
999
+60.7%
Other assets
55,773
43,895
33,660
+27.1%
Total assets
359,268
319,616
275,909
+12.4%
10-K for the year ended 31 December 2021, filed 2 February 2022: the filing.