Idex (IEX) FY2021 results: revenue $2.8 billion, up 17.6% on the year
Idex Corp. (IEX) reported revenue of $2.8 billion for fiscal 2021, the year ended 31 December 2021, up 17.6% on the year before. Net income was $449 million, up 19.0%, and diluted earnings per share $5.88. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$2.8 billion
+17.6% on the year
FY2014FY2021
Operating margin
23.0%
22.1% a year earlier
FY2014FY2021
Net income
$449 million
+19.0% on the year
FY2014FY2021
Diluted EPS
$5.88
+19.0% 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
565
569
528
-0.7%
Capital expenditure
72.7
51.5
50.9
+41.0%
Free cash flow
493
518
477
-4.9%
Free cash flow margin
17.8%
22.0%
19.1%
Cash from investing
-698
-173
-137
Cash from financing
-9.5
-42.6
-228
Depreciation and amortisation
103
83.5
76.9
+23.4%
Share-based compensation
20.4
14.8
22.1
+37.8%
Buybacks
0.0
110
54.7
Dividends paid
161
152
147
+6.1%
Dividend per share
$2.16
$2.00
$2.00
+8.0%
Diluted shares, weighted
76m
76m
76m
0.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,803
2,540
2,263
+10.3%
Non-controlling interest
0.0
0.1
0.0
Short-term borrowings
0.0
0.1
0.4
Debt
1,200
1,050
851
+14.3%
Operating lease liabilities
93.4
94.2
69.9
-0.9%
Other liabilities
821
730
630
+12.5%
Total liabilities and equity
4,917
4,414
3,814
+11.4%
Fixed assets
327
298
280
+9.7%
Goodwill
2,168
1,896
1,780
+14.4%
Intangible assets
597
416
388
+43.7%
Securities held for sale or to maturity
n/a
13.6
10.5
Cash and equivalents
855
1,026
633
-16.6%
Receivables
355
288
298
+23.1%
Inventory
370
290
293
+27.8%
Other assets
244
187
131
+30.3%
Total assets
4,917
4,414
3,814
+11.4%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.