MKS (MKSI) FY2021 results: revenue $2.9 billion, up 26.6% on the year
MKS Inc. (MKSI) reported revenue of $2.9 billion for fiscal 2021, the year ended 31 December 2021, up 26.6% on the year before. Net income was $551 million, up 57.5%, and diluted earnings per share $9.90. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$2.9 billion
+26.6% on the year
FY2014FY2021
Operating margin
23.7%
19.5% a year earlier
FY2014FY2021
Net income
$551 million
+57.5% on the year
FY2014FY2021
Diluted EPS
$9.90
+56.4% 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
640
513
245
+24.6%
Capital expenditure
87.0
84.9
63.9
+2.5%
Free cash flow
552
428
181
+29.0%
Free cash flow margin
18.7%
18.4%
9.5%
Cash from investing
-205
-202
-947
Cash from financing
-65.1
-122
476
Depreciation and amortisation
104
99.0
110
+5.2%
Share-based compensation
37.0
30.0
49.2
+23.3%
Dividends paid
47.0
44.0
43.5
+6.8%
Dividend per share
$0.86
$0.80
$0.80
+7.5%
Diluted shares, weighted
56m
55m
55m
+0.7%
Shares outstanding at period end
56m
55m
55m
+0.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,887
2,361
2,023
+22.3%
Debt
817
830
884
-1.5%
Operating lease liabilities
193
187
44.8
+2.8%
Other liabilities
644
526
464
+22.5%
Total liabilities and equity
4,540
3,904
3,416
+16.3%
Fixed assets
326
284
242
+14.7%
Goodwill
1,228
1,066
1,058
+15.2%
Intangible assets
576
512
565
+12.5%
Investments
82.2
234
115
-64.9%
Cash and equivalents
966
608
415
+58.9%
Receivables
443
393
341
+12.7%
Inventory
577
501
462
+15.0%
Other assets
342
304
218
+12.5%
Total assets
4,540
3,904
3,416
+16.3%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.