Global Payments (GPN) FY2021 results: revenue $8.5 billion, up 14.8% on the year
Global Payments Inc. (GPN) reported revenue of $8.5 billion for fiscal 2021, the year ended 31 December 2021, up 14.8% on the year before. Net income was $965 million, up 65.2%, and diluted earnings per share $3.29. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2022.
Revenue
$8.5 billion
+14.8% on the year
FY2016FY2021
Operating margin
15.9%
12.0% a year earlier
FY2016FY2021
Net income
$965 million
+65.2% on the year
FY2016FY2021
Diluted EPS
$3.29
+68.7% on the year
FY2016FY2021
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
2,781
2,314
1,391
+20.2%
Capital expenditure
493
436
308
+13.1%
Free cash flow
2,288
1,878
1,083
+21.8%
Free cash flow margin
26.8%
25.3%
22.1%
Cash from investing
-2,294
-438
-917
Cash from financing
-405
-1,546
-28.7
Depreciation and amortisation
1,691
1,614
878
+4.8%
Share-based compensation
181
149
89.6
+21.5%
Buybacks
2,534
631
311
+301.4%
Dividends paid
260
233
63.5
+11.4%
Dividend per share
$0.89
$0.78
$0.23
+14.1%
Diluted shares, weighted
294m
301m
199m
-2.3%
Shares outstanding at period end
285m
298m
300m
-4.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
25,628
27,332
27,856
-6.2%
Non-controlling interest
241
155
199
+56.0%
Debt
11,978
9,652
9,589
+24.1%
Operating lease liabilities
551
448
397
+22.9%
Finance lease liabilities
44.5
57.8
26.4
-22.9%
Other liabilities
6,838
6,556
6,413
+4.3%
Total liabilities and equity
45,280
44,202
44,480
+2.4%
Fixed assets
n/a
1,579
1,383
Goodwill
24,813
23,871
23,760
+3.9%
Intangible assets
11,634
12,016
13,155
-3.2%
Cash and equivalents
1,979
1,946
1,678
+1.7%
Receivables
946
794
895
+19.1%
Other assets
5,907
3,996
3,609
+47.8%
Total assets
45,280
44,202
44,480
+2.4%
10-K for the year ended 31 December 2021, filed 18 February 2022: the filing.