Martin Marietta Materials (MLM) FY2021 results: revenue $5.4 billion, up 14.5% on the year
Martin Marietta Materials Inc. (MLM) reported revenue of $5.4 billion for fiscal 2021, the year ended 31 December 2021, up 14.5% on the year before. Net income was $702 million, down 2.6%, and diluted earnings per share $11.22. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$5.4 billion
+14.5% on the year
FY2014FY2021
Operating margin
18.0%
21.3% a year earlier
FY2014FY2021
Net income
$702 million
-2.6% on the year
FY2014FY2021
Diluted EPS
$11.22
-2.8% 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
1,138
1,050
966
+8.3%
Capital expenditure
423
360
394
+17.6%
Free cash flow
715
690
573
+3.5%
Free cash flow margin
13.2%
14.6%
12.1%
Cash from investing
-3,475
-410
-386
Cash from financing
2,291
-357
-604
Depreciation and amortisation
452
394
372
+14.8%
Share-based compensation
43.0
30.0
34.1
+43.3%
Buybacks
0.0
50.0
98.2
Dividends paid
148
140
130
+5.3%
Dividend per share
$2.36
$2.24
$2.06
+5.4%
Diluted shares, weighted
63m
62m
63m
+0.3%
Shares outstanding at period end
62m
62m
62m
+0.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
6,535
5,891
5,351
+10.9%
Non-controlling interest
2.3
2.6
2.5
-11.5%
Debt
5,101
2,626
2,774
+94.3%
Operating lease liabilities
379
410
434
-7.6%
Finance lease liabilities
191
21.2
5.9
+801.4%
Other liabilities
2,184
1,630
1,565
+34.0%
Total liabilities and equity
14,393
10,581
10,132
+36.0%
Fixed assets
6,338
5,242
5,206
+20.9%
Goodwill
3,494
2,414
2,397
+44.8%
Intangible assets
1,029
472
458
+118.0%
Cash and equivalents
258
207
21.0
+24.7%
Receivables
774
575
574
+34.6%
Inventory
753
709
691
+6.1%
Other assets
1,747
961
785
+81.7%
Total assets
14,393
10,581
10,132
+36.0%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.