Metlife (MET) FY2021 results: revenue $68.7 billion, up 1.3% on the year
Metlife Inc. (MET) reported revenue of $68.7 billion for fiscal 2021, the year ended 31 December 2021, up 1.3% on the year before. Net income was $6.9 billion, up 26.8%, and diluted earnings per share $7.65. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2022.
Revenue
$68.7 billion
+1.3% on the year
FY2014FY2021
Operating margin
12.4%
10.2% a year earlier
FY2014FY2021
Net income
$6.9 billion
+26.8% on the year
FY2014FY2021
Diluted EPS
$7.65
+34.7% 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
12,347
11,639
13,786
+6.1%
Cash from investing
-11,187
-18,569
-17,586
Cash from financing
-1,126
10,729
4,568
Depreciation and amortisation
223
235
249
-5.1%
Share-based compensation
173
127
150
+36.2%
Buybacks
4,303
1,151
2,285
+273.8%
Dividends paid
1,647
1,657
1,643
-0.6%
Dividend per share
$1.90
$1.82
$1.74
+4.4%
Diluted shares, weighted
869m
913m
944m
-4.8%
Shares outstanding at period end
826m
893m
915m
-7.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
67,482
74,558
66,144
-9.5%
Non-controlling interest
267
259
238
+3.1%
Short-term borrowings
341
393
235
-13.2%
Debt
13,933
14,603
13,466
-4.6%
Other liabilities
677,685
705,333
660,380
-3.9%
Total liabilities and equity
759,708
795,146
740,463
-4.5%
Goodwill
9,535
10,112
9,308
-5.7%
Intangible assets
972
1,099
335
-11.6%
Investments
7,176
3,904
3,850
+83.8%
Loans
79,226
83,754
80,282
-5.4%
Trading assets
12,142
13,319
13,102
-8.8%
Cash and equivalents
20,047
19,795
16,598
+1.3%
Other assets
630,610
663,163
616,988
-4.9%
Total assets
759,708
795,146
740,463
-4.5%
10-K for the year ended 31 December 2021, filed 18 February 2022: the filing.