HNI (HNI) FY2021 results: revenue $2.2 billion, up 11.7% on the year
HNI Corp. (HNI) reported revenue of $2.2 billion for fiscal 2021, the year ended 1 January 2022, up 11.7% on the year before. Net income was $60 million, up 42.7%, and diluted earnings per share $1.36. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2022.
Revenue
$2.2 billion
+11.7% on the year
FY2014FY2021
Operating margin
3.9%
3.1% a year earlier
FY2014FY2021
Net income
$60 million
+42.7% on the year
FY2014FY2021
Diluted EPS
$1.36
+38.8% 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
132
214
219
-38.6%
Capital expenditure
66.5
41.8
66.9
+59.2%
Free cash flow
65.1
173
152
-62.3%
Free cash flow margin
3.0%
8.8%
6.8%
Cash from investing
-111
-100
-62.9
Cash from financing
-84.5
-50.0
-181
Depreciation and amortisation
83.1
77.7
77.4
+7.0%
Share-based compensation
12.9
7.8
6.8
+65.1%
Buybacks
59.2
6.8
83.9
+770.1%
Dividends paid
53.8
52.1
52.2
+3.2%
Dividend per share
$1.24
$1.22
$1.21
+1.6%
Diluted shares, weighted
44m
43m
43m
+2.3%
Shares outstanding at period end
43m
43m
43m
-0.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
590
590
584
-0.1%
Non-controlling interest
0.3
0.3
0.3
-8.0%
Debt
178
175
175
+1.4%
Operating lease liabilities
63.8
53.2
58.2
+19.7%
Finance lease liabilities
7.4
4.5
1.6
+63.9%
Other liabilities
659
594
633
+10.9%
Total liabilities and equity
1,498
1,418
1,453
+5.6%
Fixed assets
367
366
382
+0.2%
Goodwill
297
292
271
+1.7%
Intangible assets
148
140
146
+5.6%
Investments
15.8
15.1
14.2
+4.7%
Cash and equivalents
52.3
116
52.1
-55.0%
Receivables
240
208
278
+15.4%
Inventory
182
138
163
+31.8%
Other assets
197
143
146
+37.6%
Total assets
1,498
1,418
1,453
+5.6%
10-K for the year ended 1 January 2022, filed 1 March 2022: the filing.