Innospec (IOSP) FY2021 results: revenue $1.5 billion, up 24.3% on the year
Innospec Inc. (IOSP) reported revenue of $1.5 billion for fiscal 2021, the year ended 31 December 2021, up 24.3% on the year before. Net income was $93 million, up 224.4%, and diluted earnings per share $3.75. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2022.
Revenue
$1.5 billion
+24.3% on the year
FY2014FY2021
Operating margin
8.9%
2.8% a year earlier
FY2014FY2021
Net income
$93 million
+224.4% on the year
FY2014FY2021
Diluted EPS
$3.75
+223.3% 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
93.2
146
162
-36.1%
Capital expenditure
39.1
29.7
29.9
+31.6%
Free cash flow
54.1
116
132
-53.4%
Free cash flow margin
3.6%
9.7%
8.7%
Cash from investing
-36.2
-29.7
-31.0
Cash from financing
-20.0
-86.8
-178
Depreciation and amortisation
42.7
46.0
47.6
-7.2%
Share-based compensation
4.4
5.8
6.6
-24.1%
Buybacks
0.8
2.1
2.4
-61.9%
Dividends paid
28.8
25.6
25.0
+12.5%
Dividend per share
$1.16
$1.04
$1.02
+11.5%
Diluted shares, weighted
25m
25m
25m
+0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,032
944
918
+9.3%
Non-controlling interest
0.6
0.5
0.4
+20.0%
Debt
0.0
0.0
58.6
Operating lease liabilities
23.1
28.9
21.9
-20.1%
Finance lease liabilities
0.0
0.1
n/a
Other liabilities
515
424
469
+21.6%
Total liabilities and equity
1,571
1,397
1,469
+12.4%
Fixed assets
214
211
199
+1.7%
Goodwill
364
371
363
-1.9%
Intangible assets
57.5
75.3
114
-23.6%
Cash and equivalents
142
105
75.7
+34.7%
Receivables
284
221
292
+28.5%
Inventory
278
220
245
+26.2%
Other assets
231
193
181
+19.3%
Total assets
1,571
1,397
1,469
+12.4%
10-K for the year ended 31 December 2021, filed 16 February 2022: the filing.