Eli Lilly (LLY) FY2021 results: revenue $28.3 billion, up 15.4% on the year
Eli Lilly & Co. (LLY) reported revenue of $28.3 billion for fiscal 2021, the year ended 31 December 2021, up 15.4% on the year before. Net income was $5.6 billion, down 9.9%, and diluted earnings per share $6.12. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$28.3 billion
+15.4% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$5.6 billion
-9.9% on the year
FY2014FY2021
Diluted EPS
$6.12
-9.9% 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
7,366
6,500
4,837
+13.3%
Capital expenditure
1,310
1,388
1,034
-5.6%
Free cash flow
6,056
5,112
3,803
+18.5%
Free cash flow margin
21.4%
20.8%
17.0%
Cash from investing
-2,868
-2,259
-8,083
Cash from financing
-4,131
-3,137
-2,324
Depreciation and amortisation
1,548
1,324
1,233
+16.9%
Share-based compensation
343
308
312
+11.3%
Buybacks
1,250
500
4,400
+150.0%
Dividends paid
3,087
2,687
2,410
+14.9%
Dividend per share
$3.53
$3.07
$2.68
+15.0%
Diluted shares, weighted
912m
913m
936m
-0.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
8,979
5,642
2,607
+59.2%
Non-controlling interest
176
184
92.2
-4.4%
Debt
16,885
16,595
15,317
+1.7%
Operating lease liabilities
n/a
n/a
487
Other liabilities
22,766
24,213
20,783
-6.0%
Total liabilities and equity
48,806
46,633
39,286
+4.7%
Fixed assets
8,985
8,682
7,873
+3.5%
Goodwill
3,892
3,766
3,679
+3.3%
Intangible assets
7,692
7,450
6,618
+3.2%
Investments
3,303
2,991
2,063
+10.4%
Cash and equivalents
3,818
3,657
2,338
+4.4%
Receivables
6,673
5,875
4,547
+13.6%
Inventory
3,886
3,980
3,191
-2.4%
Other assets
10,557
10,231
8,977
+3.2%
Total assets
48,806
46,633
39,286
+4.7%
10-K for the year ended 31 December 2021, filed 23 February 2022: the filing.