Hubbell (HUBB) FY2021 results: revenue $4.2 billion, up 13.9% on the year
Hubbell Inc. (HUBB) reported revenue of $4.2 billion for fiscal 2021, the year ended 31 December 2021, up 13.9% on the year before. Net income was $400 million, up 13.8%, and diluted earnings per share $7.28. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2022.
Revenue
$4.2 billion
+13.9% on the year
FY2014FY2021
Operating margin
12.7%
13.4% a year earlier
FY2014FY2021
Net income
$400 million
+13.8% on the year
FY2014FY2021
Diluted EPS
$7.28
+13.2% 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
544
648
592
-16.1%
Capital expenditure
90.2
82.8
86.7
+8.9%
Free cash flow
454
565
505
-19.7%
Free cash flow margin
10.8%
15.3%
12.8%
Cash from investing
n/a
-329
-129
Cash from financing
-433
-244
-471
Depreciation and amortisation
149
144
138
+3.2%
Share-based compensation
17.5
21.9
14.5
-20.1%
Buybacks
11.2
41.3
35.0
-72.9%
Dividends paid
n/a
201
187
Dividend per share
$3.99
$3.71
$3.43
+7.5%
Diluted shares, weighted
55m
54m
55m
+0.4%
Shares outstanding at period end
55m
54m
55m
+0.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,230
2,070
1,947
+7.7%
Non-controlling interest
10.9
15.4
13.4
-29.2%
Debt
1,445
1,590
1,571
-9.1%
Operating lease liabilities
58.3
71.9
71.7
-18.9%
Other liabilities
1,537
1,338
1,299
+14.9%
Total liabilities and equity
5,282
5,085
4,903
+3.9%
Fixed assets
460
439
505
+4.7%
Goodwill
1,871
1,873
1,762
-0.1%
Intangible assets
682
771
782
-11.6%
Investments
78.5
80.4
69.9
-2.4%
Trading assets
24.5
22.7
19.2
+7.9%
Cash and equivalents
286
259
182
+10.7%
Receivables
675
553
683
+22.0%
Inventory
662
527
633
+25.7%
Other assets
543
561
268
-3.3%
Total assets
5,282
5,085
4,903
+3.9%
10-K for the year ended 31 December 2021, filed 11 February 2022: the filing.