JBT Marel (JBTM) FY2021 results: revenue $1.4 billion, down 18.9% on the year
JBT Marel Corp. (JBTM) reported revenue of $1.4 billion for fiscal 2021, the year ended 31 December 2021, down 18.9% on the year before. Net income was $119 million, up 9.5%, and diluted earnings per share $3.71. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$1.4 billion
-18.9% on the year
FY2014FY2021
Operating margin
9.0%
9.4% a year earlier
FY2014FY2021
Net income
$119 million
+9.5% on the year
FY2014FY2021
Diluted EPS
$3.71
+9.4% 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
226
252
110
-10.4%
Capital expenditure
51.7
34.3
37.9
+50.7%
Free cash flow
174
218
72.3
-20.1%
Free cash flow margin
12.4%
12.6%
3.7%
Cash from investing
-273
-37.3
-402
Cash from financing
80.8
-207
288
Depreciation and amortisation
76.8
71.8
65.6
+7.0%
Share-based compensation
5.5
1.9
9.4
+189.5%
Buybacks
0.0
0.0
0.0
Dividends paid
12.8
12.8
12.7
0.0%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
32m
32m
32m
0.0%
Shares outstanding at period end
32m
32m
32m
+0.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
786
672
570
+17.0%
Short-term borrowings
0.0
n/a
n/a
Debt
674
522
698
+29.1%
Operating lease liabilities
23.0
19.7
22.3
+16.8%
Finance lease liabilities
0.0
n/a
n/a
Other liabilities
701
591
625
+18.6%
Total liabilities and equity
2,185
1,806
1,915
+21.0%
Fixed assets
240
268
266
-10.3%
Goodwill
647
506
529
+27.9%
Intangible assets
325
299
326
+8.6%
Cash and equivalents
76.9
47.5
39.5
+61.9%
Receivables
165
236
289
-30.0%
Inventory
184
197
245
-6.8%
Other assets
547
252
221
+117.0%
Total assets
2,185
1,806
1,915
+21.0%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.