Intercontinental Exchange (ICE) FY2021 results: revenue $9.2 billion, up 11.2% on the year
Intercontinental Exchange, Inc. (ICE) reported revenue of $9.2 billion for fiscal 2021, the year ended 31 December 2021, up 11.2% on the year before. Net income was $4.1 billion, up 94.3%, and diluted earnings per share $7.18. The figures are the company's own, from the 10-K it filed with the SEC on 3 February 2022.
Revenue
$9.2 billion
+11.2% on the year
FY2014FY2021
Operating margin
37.6%
36.8% a year earlier
FY2014FY2021
Net income
$4.1 billion
+94.3% on the year
FY2014FY2021
Diluted EPS
$7.18
+90.5% 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
3,123
2,881
2,659
+8.4%
Capital expenditure
179
207
153
-13.5%
Free cash flow
2,944
2,674
2,506
+10.1%
Free cash flow margin
32.1%
32.4%
38.3%
Cash from investing
-786
-10,361
-1,740
Cash from financing
62,026
26,000
-424
+138.6%
Depreciation and amortisation
1,009
751
662
+34.4%
Share-based compensation
188
139
139
+35.3%
Buybacks
250
1,247
1,460
-80.0%
Dividends paid
747
669
621
+11.7%
Dividend per share
$1.32
$1.20
$1.10
+10.0%
Diluted shares, weighted
565m
555m
565m
+1.8%
Shares outstanding at period end
561m
561m
554m
0.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
22,709
19,498
17,255
+16.5%
Non-controlling interest
39.0
36.0
31.0
+8.3%
Redeemable equity
0.0
93.0
78.0
Debt
13,918
16,537
7,819
-15.8%
Operating lease liabilities
252
320
281
-21.2%
Other liabilities
156,584
89,716
69,029
+74.5%
Total liabilities and equity
193,502
126,200
94,493
+53.3%
Fixed assets
n/a
n/a
1,536
Goodwill
21,123
21,291
13,342
-0.8%
Intangible assets
13,736
14,408
10,258
-4.7%
Cash and equivalents
607
583
841
+4.1%
Receivables
1,208
1,230
988
-1.8%
Other assets
156,828
88,688
67,528
+76.8%
Total assets
193,502
126,200
94,493
+53.3%
10-K for the year ended 31 December 2021, filed 3 February 2022: the filing.