Kinetik Holdings (KNTK) FY2021 results: revenue $662 million, up 61.4% on the year
Kinetik Holdings Inc. (KNTK) reported revenue of $662 million for fiscal 2021, the year ended 31 December 2021, up 61.4% on the year before. Net income was $0, and diluted earnings per share $-3.86. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$662 million
+61.4% on the year
FY2017FY2021
Operating margin
8.1%
-248.8% a year earlier
FY2017FY2021
Net income
$0
FY2017FY2021
Diluted EPS
-$3.86
FY2017FY2021
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
236
102
76.3
+130.7%
Capital expenditure
78.0
181
343
-57.0%
Free cash flow
158
-79.3
-266
Free cash flow margin
23.8%
-19.3%
-196.2%
Cash from investing
-99.6
-506
-1,504
Cash from financing
-137
373
983
Depreciation and amortisation
244
224
41.5
+8.8%
Share-based compensation
0.0
0.0
n/a
Buybacks
0.0
n/a
n/a
Dividends paid
0.0
0.0
0.0
Dividend per share
$1.50
$1.50
n/a
0.0%
Diluted shares, weighted
16m
16m
4m
0.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
0.0
0.0
0.0
0.0%
Redeemable equity
770
575
701
+33.9%
Debt
2,346
624
406
+276.0%
Operating lease liabilities
29.9
n/a
1.0
Finance lease liabilities
n/a
n/a
0.0
Other liabilities
407
601
393
-32.2%
Total liabilities and equity
3,553
1,800
1,501
+97.4%
Fixed assets
1,839
196
206
+839.2%
Goodwill
0.0
n/a
n/a
Intangible assets
786
n/a
n/a
Cash and equivalents
18.7
24.2
6.0
-22.6%
Receivables
178
n/a
15.5
Inventory
2.1
3.6
4.0
-41.6%
Other assets
729
1,576
1,270
-53.7%
Total assets
3,553
1,800
1,501
+97.4%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.