Kontoor Brands (KTB) FY2021 results: revenue $2.5 billion, up 18.0% on the year
Kontoor Brands, Inc. (KTB) reported revenue of $2.5 billion for fiscal 2021, the year ended 1 January 2022, up 18.0% on the year before. Net income was $195 million, up 187.7%, and diluted earnings per share $3.31. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2022.
Revenue
$2.5 billion
+18.0% on the year
FY2017FY2021
Operating margin
11.4%
5.9% a year earlier
FY2017FY2021
Net income
$195 million
+187.7% on the year
FY2017FY2021
Diluted EPS
$3.31
+182.9% on the year
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
284
242
778
+17.3%
Capital expenditure
10.6
18.2
22.7
-42.0%
Free cash flow
273
224
755
+22.1%
Free cash flow margin
11.0%
10.7%
29.6%
Cash from investing
-39.4
-49.1
484
Cash from financing
-304
-57.7
-1,252
Depreciation and amortisation
36.6
34.5
30.8
+6.1%
Share-based compensation
38.5
15.9
23.8
+141.5%
Buybacks
75.5
0.0
0.0
Dividends paid
95.1
54.8
63.6
+73.6%
Dividend per share
$1.66
$0.96
$1.12
+72.9%
Diluted shares, weighted
59m
58m
57m
+2.1%
Shares outstanding at period end
56m
57m
57m
-1.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
148
84.6
69.3
+75.0%
Short-term borrowings
0.2
1.1
1.1
-77.6%
Debt
791
913
913
-13.3%
Operating lease liabilities
33.0
39.8
54.7
-17.1%
Other liabilities
560
507
479
+10.5%
Total liabilities and equity
1,533
1,546
1,517
-0.8%
Fixed assets
105
119
132
-11.6%
Goodwill
212
213
213
-0.6%
Intangible assets
14.6
16.0
17.3
-8.5%
Cash and equivalents
185
248
107
-25.3%
Receivables
290
231
228
+25.2%
Inventory
363
341
458
+6.5%
Other assets
363
377
361
-3.8%
Total assets
1,533
1,546
1,517
-0.8%
10-K for the year ended 1 January 2022, filed 2 March 2022: the filing.