Invesco (IVZ) FY2021 results: revenue $6.9 billion, up 12.2% on the year
Invesco Ltd. (IVZ) reported revenue of $6.9 billion for fiscal 2021, the year ended 31 December 2021, up 12.2% on the year before. Net income was $1.4 billion, up 165.4%, and diluted earnings per share $2.99. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2022.
Revenue
$6.9 billion
+12.2% on the year
FY2014FY2021
Operating margin
25.9%
15.0% a year earlier
FY2014FY2021
Net income
$1.4 billion
+165.4% on the year
FY2014FY2021
Diluted EPS
$2.99
+164.6% 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
1,078
1,230
1,117
-12.4%
Capital expenditure
109
115
124
-5.4%
Free cash flow
969
1,115
992
-13.1%
Free cash flow margin
14.1%
18.1%
16.2%
Cash from investing
-848
-860
-1,433
Cash from financing
117
-286
201
Depreciation and amortisation
205
204
178
+0.9%
Share-based compensation
140
188
208
-25.7%
Buybacks
60.9
n/a
111
Dividends paid
308
357
529
-13.9%
Dividend per share
$0.67
$0.78
$1.23
-14.1%
Diluted shares, weighted
465m
462m
440m
+0.6%
Shares outstanding at period end
461m
459m
453m
+0.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
15,496
14,362
13,862
+7.9%
Non-controlling interest
672
447
456
+50.3%
Redeemable equity
511
212
384
+141.2%
Debt
2,085
2,083
2,080
+0.1%
Other liabilities
13,922
19,401
22,638
-28.2%
Total liabilities and equity
32,686
36,504
39,420
-10.5%
Fixed assets
518
564
584
-8.1%
Goodwill
8,882
8,916
8,509
-0.4%
Intangible assets
7,228
7,306
7,358
-1.1%
Cash and equivalents
1,896
1,408
1,049
+34.6%
Other assets
14,161
18,310
21,920
-22.7%
Total assets
32,686
36,504
39,420
-10.5%
10-K for the year ended 31 December 2021, filed 18 February 2022: the filing.