LyondellBasell Industries (LYB) FY2021 results: revenue $46.2 billion, up 66.4% on the year
LyondellBasell Industries N.V. (LYB) reported revenue of $46.2 billion for fiscal 2021, the year ended 31 December 2021, up 66.4% on the year before. Net income was $5.6 billion, up 293.6%, and diluted earnings per share $16.75. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$46.2 billion
+66.4% on the year
FY2014FY2021
Operating margin
14.7%
5.6% a year earlier
FY2014FY2021
Net income
$5.6 billion
+293.6% on the year
FY2014FY2021
Diluted EPS
$16.75
+295.0% 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
7,695
3,404
4,961
+126.1%
Capital expenditure
1,959
1,947
2,694
+0.6%
Free cash flow
5,736
1,457
2,267
+293.7%
Free cash flow margin
12.4%
5.2%
6.5%
Cash from investing
-1,502
-4,906
-1,635
Cash from financing
-6,385
2,271
-2,835
Depreciation and amortisation
1,393
1,385
1,312
+0.6%
Share-based compensation
66.0
55.0
48.0
+20.0%
Buybacks
463
4.0
3,752
+11,475.0%
Dividends paid
1,486
1,405
1,462
+5.8%
Dividend per share
$4.44
$4.20
$4.15
+5.7%
Shares outstanding at period end
330m
334m
333m
-1.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
11,858
7,971
8,044
+48.8%
Non-controlling interest
14.0
17.0
19.0
-17.6%
Redeemable equity
116
116
116
0.0%
Debt
11,614
15,957
12,062
-27.2%
Operating lease liabilities
1,649
1,222
1,216
+34.9%
Other liabilities
11,491
10,120
8,978
+13.5%
Total liabilities and equity
36,742
35,403
30,435
+3.8%
Fixed assets
14,556
14,386
14,130
+1.2%
Goodwill
1,875
1,953
1,891
-4.0%
Intangible assets
695
751
869
-7.5%
Investments
438
682
389
-35.8%
Cash and equivalents
1,472
1,763
858
-16.5%
Receivables
4,565
3,291
2,981
+38.7%
Inventory
4,901
4,344
4,588
+12.8%
Other assets
8,240
8,233
4,729
+0.1%
Total assets
36,742
35,403
30,435
+3.8%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.