LCI Industries (LCII) FY2021 results: revenue $4.5 billion, up 60.0% on the year
LCI Industries (LCII) reported revenue of $4.5 billion for fiscal 2021, the year ended 31 December 2021, up 60.0% on the year before. Net income was $288 million, up 81.6%, and diluted earnings per share $11.32. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$4.5 billion
+60.0% on the year
FY2014FY2021
Operating margin
8.9%
8.0% a year earlier
FY2014FY2021
Net income
$288 million
+81.6% on the year
FY2014FY2021
Diluted EPS
$11.32
+80.5% 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
-112
231
270
Capital expenditure
98.5
57.3
58.2
+71.8%
Free cash flow
-210
174
211
Free cash flow margin
-4.7%
6.2%
8.9%
Cash from investing
-281
-232
-504
Cash from financing
405
14.0
255
+2,779.9%
Depreciation and amortisation
112
98.0
75.4
+14.6%
Share-based compensation
27.2
18.5
16.1
+46.8%
Buybacks
0.0
0.0
0.0
Dividends paid
87.2
70.4
63.8
+23.8%
Dividend per share
$3.45
$2.80
$2.55
+23.2%
Diluted shares, weighted
25m
25m
25m
+0.7%
Shares outstanding at period end
25m
25m
25m
+0.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,093
908
801
+20.3%
Debt
1,303
738
631
+76.5%
Operating lease liabilities
143
82.7
79.8
+73.4%
Other liabilities
749
569
351
+31.7%
Total liabilities and equity
3,288
2,298
1,863
+43.1%
Fixed assets
426
387
366
+10.1%
Goodwill
543
455
351
+19.5%
Intangible assets
520
421
341
+23.5%
Cash and equivalents
62.9
51.8
35.4
+21.4%
Receivables
320
269
200
+19.0%
Inventory
1,096
494
394
+121.9%
Other assets
320
221
175
+44.9%
Total assets
3,288
2,298
1,863
+43.1%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.