Goodyear Tire & Rubber (GT) FY2021 results: revenue $17.5 billion, up 41.9% on the year
Goodyear Tire & Rubber Co. (GT) reported revenue of $17.5 billion for fiscal 2021, the year ended 31 December 2021, up 41.9% on the year before. Net income was $764 million, and diluted earnings per share $2.89. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2022.
Revenue
$17.5 billion
+41.9% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$764 million
FY2014FY2021
Diluted EPS
$2.89
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
1,062
1,115
1,207
-4.8%
Capital expenditure
981
647
770
+51.6%
Free cash flow
81.0
468
437
-82.7%
Free cash flow margin
0.5%
3.8%
3.0%
Cash from investing
-2,793
-667
-800
Cash from financing
1,309
203
-307
+544.8%
Depreciation and amortisation
883
859
795
+2.8%
Share-based compensation
36.0
31.0
27.0
+16.1%
Buybacks
n/a
0.0
0.0
Dividends paid
0.0
37.0
148
Dividend per share
$0.00
$0.16
$0.64
Diluted shares, weighted
264m
234m
233m
+12.8%
Shares outstanding at period end
282m
233m
233m
+21.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
4,999
3,078
4,351
+62.4%
Non-controlling interest
185
181
194
+2.2%
Debt
7,397
5,990
5,663
+23.5%
Operating lease liabilities
819
684
668
+19.7%
Finance lease liabilities
237
232
243
+2.2%
Other liabilities
7,765
6,341
6,066
+22.5%
Total liabilities and equity
21,402
16,506
17,185
+29.7%
Goodwill
1,004
408
565
+146.1%
Intangible assets
1,039
135
137
+669.6%
Cash and equivalents
1,088
1,539
908
-29.3%
Receivables
2,387
1,691
1,941
+41.2%
Inventory
3,594
2,153
2,851
+66.9%
Other assets
12,290
10,580
10,783
+16.2%
Total assets
21,402
16,506
17,185
+29.7%
10-K for the year ended 31 December 2021, filed 14 February 2022: the filing.