W.W. Grainger (GWW) FY2021 results: revenue $13.0 billion, up 10.4% on the year
W.W. Grainger, Inc. (GWW) reported revenue of $13.0 billion for fiscal 2021, the year ended 31 December 2021, up 10.4% on the year before. Net income was $1.0 billion, up 50.1%, and diluted earnings per share $19.84. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$13.0 billion
+10.4% on the year
FY2014FY2021
Operating margin
11.9%
8.6% a year earlier
FY2014FY2021
Net income
$1.0 billion
+50.1% on the year
FY2014FY2021
Diluted EPS
$19.84
+54.8% 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
937
1,123
1,042
-16.6%
Capital expenditure
255
197
221
+29.4%
Free cash flow
682
926
821
-26.3%
Free cash flow margin
5.2%
7.8%
7.1%
Cash from investing
-226
-179
-202
Cash from financing
-1,039
-726
-1,023
Depreciation and amortisation
173
169
210
+2.4%
Share-based compensation
42.0
46.0
40.0
-8.7%
Buybacks
695
601
700
+15.6%
Dividends paid
357
338
328
+5.6%
Dividend per share
$6.39
$5.94
$5.68
+7.6%
Diluted shares, weighted
52m
54m
55m
-2.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,874
1,828
1,855
+2.5%
Non-controlling interest
286
265
205
+7.9%
Short-term borrowings
n/a
0.0
n/a
Debt
2,362
2,397
2,215
-1.5%
Operating lease liabilities
334
162
171
+106.2%
Other liabilities
1,736
1,643
1,559
+5.7%
Total liabilities and equity
6,592
6,295
6,005
+4.7%
Fixed assets
1,424
1,395
1,400
+2.1%
Goodwill
384
391
429
-1.8%
Intangible assets
238
228
304
+4.4%
Cash and equivalents
241
585
360
-58.8%
Receivables
1,754
1,474
1,425
+19.0%
Inventory
1,870
1,733
1,655
+7.9%
Other assets
681
489
432
+39.3%
Total assets
6,592
6,295
6,005
+4.7%
10-K for the year ended 31 December 2021, filed 23 February 2022: the filing.