Nisource (NI) FY2021 results: revenue $4.9 billion, up 4.7% on the year
Nisource Inc. (NI) reported revenue of $4.9 billion for fiscal 2021, the year ended 31 December 2021, up 4.7% on the year before. Net income was $585 million, and diluted earnings per share $1.27. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$4.9 billion
+4.7% on the year
FY2014FY2021
Operating margin
20.6%
11.8% a year earlier
FY2014FY2021
Net income
$585 million
FY2014FY2021
Diluted EPS
$1.27
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
1,218
1,104
1,583
+10.3%
Capital expenditure
1,838
1,758
1,802
+4.5%
Free cash flow
-620
-654
-219
Free cash flow margin
-12.7%
-14.0%
-4.2%
Cash from investing
-2,205
-879
-1,922
Cash from financing
956
-248
366
Depreciation and amortisation
748
726
717
+3.1%
Share-based compensation
24.3
17.4
25.9
+39.7%
Buybacks
n/a
0.0
0.0
Dividends paid
345
322
298
+7.3%
Dividend per share
$0.88
$0.84
$0.80
+4.8%
Diluted shares, weighted
417m
384m
376m
+8.6%
Shares outstanding at period end
405m
392m
382m
+3.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
6,947
5,752
5,987
+20.8%
Non-controlling interest
326
85.6
0.0
+280.4%
Debt
9,802
9,746
9,643
+0.6%
Operating lease liabilities
27.9
29.9
51.6
-6.7%
Finance lease liabilities
158
172
188
-8.3%
Other liabilities
6,897
6,255
6,791
+10.3%
Total liabilities and equity
24,157
22,040
22,660
+9.6%
Fixed assets
17,882
16,620
16,912
+7.6%
Goodwill
1,486
1,486
1,486
0.0%
Intangible assets
0.0
0.0
0.0
Investments
172
171
154
+0.5%
Cash and equivalents
84.2
116
139
-27.7%
Receivables
826
791
857
+4.3%
Other assets
3,708
2,856
3,111
+29.8%
Total assets
24,157
22,040
22,660
+9.6%
10-K for the year ended 31 December 2021, filed 23 February 2022: the filing.