Ingevity (NGVT) FY2021 results: revenue $1.4 billion, up 14.4% on the year
Ingevity Corp. (NGVT) reported revenue of $1.4 billion for fiscal 2021, the year ended 31 December 2021, up 14.4% on the year before. Net income was $118 million, down 34.9%, and diluted earnings per share $2.95. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$1.4 billion
+14.4% on the year
FY2014FY2021
Operating margin
30.3%
32.7% a year earlier
FY2014FY2021
Net income
$118 million
-34.9% on the year
FY2014FY2021
Diluted EPS
$2.95
-32.5% 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
293
352
276
-16.9%
Capital expenditure
104
82.1
115
+26.4%
Free cash flow
189
270
161
-30.0%
Free cash flow margin
13.6%
22.2%
12.4%
Cash from investing
-139
-111
-658
Cash from financing
-133
-50.2
369
Depreciation and amortisation
110
100
85.0
+9.7%
Share-based compensation
12.3
8.4
12.3
+46.4%
Buybacks
109
88.0
6.4
+24.3%
Diluted shares, weighted
40m
42m
42m
-3.6%
Shares outstanding at period end
39m
41m
42m
-3.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
674
642
531
+4.9%
Debt
1,270
1,306
1,258
-2.8%
Operating lease liabilities
36.2
34.7
36.7
+4.3%
Finance lease liabilities
102
102
80.0
-0.8%
Other liabilities
388
249
236
+55.9%
Total liabilities and equity
2,469
2,334
2,142
+5.8%
Fixed assets
720
704
665
+2.3%
Goodwill
442
445
436
-0.7%
Intangible assets
338
373
396
-9.6%
Investments
35.3
0.0
n/a
Cash and equivalents
275
258
56.5
+6.9%
Receivables
n/a
148
150
Inventory
241
189
212
+27.6%
Other assets
418
218
225
+92.0%
Total assets
2,469
2,334
2,142
+5.8%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.