Kinder Morgan (KMI) FY2021 results: revenue $16.6 billion, up 42.0% on the year
Kinder Morgan, Inc. (KMI) reported revenue of $16.6 billion for fiscal 2021, the year ended 31 December 2021, up 42.0% on the year before. Net income was $1.8 billion, up 1399.2%, and diluted earnings per share $0.78. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2022.
Revenue
$16.6 billion
+42.0% on the year
FY2014FY2021
Operating margin
17.6%
13.3% a year earlier
FY2014FY2021
Net income
$1.8 billion
+1,399.2% on the year
FY2014FY2021
Diluted EPS
$0.78
+1,460.0% 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
5,708
4,550
4,748
+25.5%
Capital expenditure
1,281
1,707
2,270
-25.0%
Free cash flow
4,427
2,843
2,478
+55.7%
Free cash flow margin
26.7%
24.3%
18.8%
Cash from investing
-2,305
-911
-1,714
Cash from financing
-3,465
-2,638
-6,185
Depreciation and amortisation
2,135
2,164
2,411
-1.3%
Buybacks
0.0
50.0
2.0
Dividends paid
2,443
2,362
2,163
+3.4%
Dividend per share
$1.08
$1.05
$1.00
+2.9%
Diluted shares, weighted
2,266m
2,263m
2,264m
+0.1%
Shares outstanding at period end
2,267m
2,264m
2,265m
+0.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
30,823
31,436
33,742
-1.9%
Non-controlling interest
1,098
402
344
+173.1%
Redeemable equity
0.0
728
803
Debt
33,320
34,689
34,392
-3.9%
Operating lease liabilities
270
263
289
+2.7%
Finance lease liabilities
1.0
1.0
2.0
0.0%
Other liabilities
4,904
4,454
4,585
+10.1%
Total liabilities and equity
70,416
71,973
74,157
-2.2%
Fixed assets
35,653
35,836
36,419
-0.5%
Goodwill
19,914
19,851
21,451
+0.3%
Intangible assets
1,678
2,453
2,676
-31.6%
Investments
7,578
7,917
8,684
-4.3%
Cash and equivalents
1,140
1,184
185
-3.7%
Receivables
n/a
n/a
1,370
Inventory
562
348
371
+61.5%
Other assets
3,891
4,384
3,001
-11.2%
Total assets
70,416
71,973
74,157
-2.2%
10-K for the year ended 31 December 2021, filed 7 February 2022: the filing.