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Kenvue (KVUE) FY2021 results: revenue $15.1 billion

Kenvue Inc. (KVUE) reported revenue of $15.1 billion for fiscal 2021, the year ended 2 January 2022. Net income was $2.1 billion, and diluted earnings per share $1.21. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2024.

Revenue
$15.1 billion
FY2021FY2021
Operating margin
19.4%
FY2021FY2021
Net income
$2.1 billion
FY2021FY2021
Diluted EPS
$1.21
FY2021FY2021

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2021Last 8 years
Revenue15,054
Cost of revenue6,635
Gross profit8,419
Gross margin55.9%
Research and development355
Selling, general and administrative5,484
Operating income2,920
Operating margin19.4%
Interest expense0.0
Pre-tax income2,925
Income tax847
Effective tax rate29.0%
Net income2,078
Net margin13.8%
Diluted EPS$1.21
$ 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

$ millionFY2021Last 8 years
Operating cash flow334
Capital expenditure295
Free cash flow39.0
Free cash flow margin0.3%
Cash from investing-171
Cash from financing0.0
Depreciation and amortisation731
Share-based compensation141
Dividends paid0.0
Diluted shares, weighted1,716m

Balance sheet

$ millionFY2021Last 8 years
Shareholders' equity20,491
Goodwill9,810
Cash and equivalents740

10-K for the year ended 2 January 2022, filed 1 March 2024: the filing.