MDU Resources Group (MDU) FY2021 results: revenue $3.5 billion, down 37.6% on the year
MDU Resources Group Inc. (MDU) reported revenue of $3.5 billion for fiscal 2021, the year ended 31 December 2021, down 37.6% on the year before. Net income was $378 million, down 3.1%, and diluted earnings per share $1.87. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$3.5 billion
-37.6% on the year
FY2014FY2021
Operating margin
9.6%
9.8% a year earlier
FY2014FY2021
Net income
$378 million
-3.1% on the year
FY2014FY2021
Diluted EPS
$1.87
-4.1% 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
496
768
542
-35.5%
Capital expenditure
485
558
576
-13.0%
Free cash flow
10.6
210
-33.8
-95.0%
Free cash flow margin
0.3%
3.8%
-0.6%
Cash from investing
-886
-630
-604
Cash from financing
385
-145
74.1
Depreciation and amortisation
198
285
256
-30.5%
Share-based compensation
12.9
13.1
7.4
-1.8%
Buybacks
6.7
0.0
0.0
Dividends paid
171
166
160
+3.0%
Dividend per share
$0.85
$0.83
$0.81
+2.4%
Diluted shares, weighted
202m
201m
199m
+0.9%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,383
3,079
2,847
+9.9%
Short-term borrowings
0.0
n/a
0.0
Debt
2,742
2,263
2,243
+21.2%
Operating lease liabilities
89.3
86.9
83.7
+2.7%
Other liabilities
2,696
2,624
2,509
+2.7%
Total liabilities and equity
8,910
8,053
7,683
+10.6%
Fixed assets
4,506
5,167
4,917
-12.8%
Goodwill
765
715
681
+7.1%
Intangible assets
22.6
25.5
15.2
-11.4%
Investments
175
165
149
+6.3%
Cash and equivalents
54.2
59.5
66.5
-9.0%
Receivables
947
874
837
+8.3%
Inventory
336
291
278
+15.3%
Other assets
2,104
756
739
+178.3%
Total assets
8,910
8,053
7,683
+10.6%
10-K for the year ended 31 December 2021, filed 23 February 2022: the filing.