ITT (ITT) FY2021 results: revenue $2.8 billion, up 11.6% on the year
ITT Inc. (ITT) reported revenue of $2.8 billion for fiscal 2021, the year ended 31 December 2021, up 11.6% on the year before. Net income was $316 million, up 336.3%, and diluted earnings per share $3.66. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2022.
Revenue
$2.8 billion
+11.6% on the year
FY2014FY2021
Operating margin
18.2%
9.1% a year earlier
FY2014FY2021
Net income
$316 million
+336.3% on the year
FY2014FY2021
Diluted EPS
$3.66
+341.0% 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
-7.6
437
359
Capital expenditure
88.4
63.7
91.4
+38.8%
Free cash flow
-96.0
373
267
Free cash flow margin
-3.5%
15.1%
9.4%
Cash from investing
-82.3
-65.8
-203
Cash from financing
-99.8
-159
-102
Depreciation and amortisation
113
112
113
+0.8%
Share-based compensation
16.5
13.4
15.7
+23.1%
Buybacks
105
73.2
41.4
+43.2%
Dividends paid
75.8
59.0
52.1
+28.5%
Dividend per share
$0.88
$0.68
$0.59
+30.2%
Diluted shares, weighted
86m
87m
89m
-0.9%
Shares outstanding at period end
86m
86m
88m
-1.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,226
2,126
2,075
+4.7%
Non-controlling interest
4.9
1.5
2.9
+226.7%
Debt
198
107
86.5
+85.0%
Operating lease liabilities
64.0
72.4
76.0
-11.6%
Other liabilities
1,073
1,970
1,867
-45.5%
Total liabilities and equity
3,565
4,278
4,108
-16.6%
Fixed assets
509
525
532
-3.0%
Goodwill
924
945
927
-2.2%
Intangible assets
85.7
106
138
-19.5%
Investments
0.0
0.0
0.0
Cash and equivalents
648
860
612
-24.7%
Receivables
555
508
578
+9.4%
Inventory
431
360
393
+19.5%
Other assets
413
974
928
-57.6%
Total assets
3,565
4,278
4,108
-16.6%
10-K for the year ended 31 December 2021, filed 16 February 2022: the filing.