Masco (MAS) FY2021 results: revenue $8.4 billion, up 16.5% on the year
Masco Corp. (MAS) reported revenue of $8.4 billion for fiscal 2021, the year ended 31 December 2021, up 16.5% on the year before. Net income was $410 million, down 66.5%, and diluted earnings per share $1.62. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2022.
Revenue
$8.4 billion
+16.5% on the year
FY2014FY2021
Operating margin
16.8%
18.0% a year earlier
FY2014FY2021
Net income
$410 million
-66.5% on the year
FY2014FY2021
Diluted EPS
$1.62
-64.7% 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
930
953
833
-2.4%
Capital expenditure
128
114
162
+12.3%
Free cash flow
802
839
671
-4.4%
Free cash flow margin
9.6%
11.7%
10.0%
Cash from investing
-12.0
531
582
Cash from financing
-1,298
-886
-1,291
Depreciation and amortisation
151
133
159
+13.5%
Share-based compensation
61.0
45.0
35.0
+35.6%
Buybacks
1,026
727
896
+41.1%
Dividends paid
211
145
144
+45.5%
Dividend per share
$0.70
$0.55
$0.51
+28.2%
Diluted shares, weighted
251m
264m
288m
-4.9%
Shares outstanding at period end
241m
258m
276m
-6.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
-179
195
-235
Non-controlling interest
235
226
179
+4.0%
Redeemable equity
22.0
0.0
n/a
Debt
2,959
2,795
2,773
+5.9%
Operating lease liabilities
172
149
162
+15.4%
Finance lease liabilities
23.0
26.0
n/a
-11.5%
Other liabilities
2,343
2,386
2,148
-1.8%
Total liabilities and equity
5,575
5,777
5,027
-3.5%
Fixed assets
896
908
878
-1.3%
Goodwill
568
563
509
+0.9%
Intangible assets
388
357
259
+8.7%
Cash and equivalents
926
1,326
697
-30.2%
Receivables
1,171
1,138
997
+2.9%
Inventory
1,216
876
754
+38.8%
Other assets
410
609
933
-32.7%
Total assets
5,575
5,777
5,027
-3.5%
10-K for the year ended 31 December 2021, filed 8 February 2022: the filing.