Huntington Ingalls Industries (HII) FY2021 results: revenue $9.5 billion, up 1.7% on the year
Huntington Ingalls Industries, Inc. (HII) reported revenue of $9.5 billion for fiscal 2021, the year ended 31 December 2021, up 1.7% on the year before. Net income was $544 million, down 21.8%, and diluted earnings per share $13.50. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2022.
Revenue
$9.5 billion
+1.7% on the year
FY2014FY2021
Operating margin
5.4%
8.5% a year earlier
FY2014FY2021
Net income
$544 million
-21.8% on the year
FY2014FY2021
Diluted EPS
$13.50
-21.2% 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
760
1,093
896
-30.5%
Capital expenditure
331
353
530
-6.2%
Free cash flow
429
740
366
-42.0%
Free cash flow margin
4.5%
7.9%
4.1%
Cash from investing
-1,954
-759
-627
Cash from financing
1,309
103
-434
+1,170.9%
Depreciation and amortisation
293
247
227
+18.6%
Share-based compensation
33.0
23.0
30.0
+43.5%
Buybacks
101
84.0
262
+20.2%
Dividends paid
186
172
149
+8.1%
Dividend per share
$4.60
$4.23
$3.61
+8.7%
Diluted shares, weighted
40m
41m
41m
-0.7%
Shares outstanding at period end
40m
40m
41m
-1.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,808
1,901
1,588
+47.7%
Debt
3,298
1,754
1,363
+88.0%
Operating lease liabilities
194
157
164
+23.6%
Other liabilities
4,327
4,345
3,916
-0.4%
Total liabilities and equity
10,627
8,157
7,031
+30.3%
Fixed assets
3,107
2,978
2,832
+4.3%
Goodwill
2,628
1,617
1,373
+62.5%
Intangible assets
1,159
512
492
+126.4%
Cash and equivalents
627
512
75.0
+22.5%
Receivables
433
397
318
+9.1%
Other assets
2,673
2,141
1,941
+24.8%
Total assets
10,627
8,157
7,031
+30.3%
10-K for the year ended 31 December 2021, filed 10 February 2022: the filing.