Warrior Met Coal (HCC) FY2021 results: revenue $1.1 billion, up 35.3% on the year
Warrior Met Coal, Inc. (HCC) reported revenue of $1.1 billion for fiscal 2021, the year ended 31 December 2021, up 35.3% on the year before. Net income was $151 million, and diluted earnings per share $2.93. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$1.1 billion
+35.3% on the year
FY2016FY2021
Operating margin
23.0%
-3.5% a year earlier
FY2016FY2021
Net income
$151 million
FY2016FY2021
Diluted EPS
$2.93
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
352
113
533
+212.1%
Capital expenditure
57.9
87.5
107
-33.8%
Free cash flow
294
25.1
426
+1,068.2%
Free cash flow margin
27.7%
3.2%
33.6%
Cash from investing
-71.1
-108
-134
Cash from financing
-96.5
14.1
-412
Depreciation and amortisation
141
118
97.3
+19.8%
Share-based compensation
9.4
7.6
5.8
+23.3%
Buybacks
0.0
0.0
12.5
Dividends paid
10.5
10.4
240
+0.6%
Dividend per share
$0.20
$0.20
$4.61
0.0%
Diluted shares, weighted
51m
51m
51m
+0.5%
Shares outstanding at period end
51m
51m
51m
+0.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
872
725
766
+20.2%
Debt
340
380
339
-10.6%
Finance lease liabilities
28.4
24.1
25.5
+18.0%
Other liabilities
224
265
214
-15.4%
Total liabilities and equity
1,464
1,394
1,344
+5.0%
Cash and equivalents
396
212
193
+86.8%
Receivables
122
83.3
99.5
+46.6%
Inventory
59.6
119
97.9
-49.8%
Other assets
887
980
954
-9.5%
Total assets
1,464
1,394
1,344
+5.0%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.