NNN REIT (NNN) FY2021 results: revenue $726 million, up 9.9% on the year
NNN REIT, Inc. (NNN) reported revenue of $726 million for fiscal 2021, the year ended 31 December 2021, up 9.9% on the year before. Net income was $290 million, up 26.8%, and diluted earnings per share $1.51. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2022.
Revenue
$726 million
+9.9% on the year
FY2014FY2021
Operating margin
61.8%
56.7% a year earlier
FY2014FY2021
Net income
$290 million
+26.8% on the year
FY2014FY2021
Diluted EPS
$1.51
+23.8% 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
568
450
502
+26.3%
Cash from investing
-432
-143
-619
Cash from financing
-232
-41.3
4.5
Depreciation and amortisation
205
197
189
+4.4%
Share-based compensation
14.3
14,213
10,737
-99.9%
Dividends paid
367
356
334
+3.1%
Dividend per share
$2.10
$2.07
$2.03
+1.4%
Diluted shares, weighted
175m
172m
165m
+1.5%
Shares outstanding at period end
176m
175m
172m
+0.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,902
4,319
4,332
-9.7%
Non-controlling interest
0.0
0.0
0.0
-75.0%
Debt
3,736
3,210
2,988
+16.4%
Other liabilities
114
109
115
+4.2%
Total liabilities and equity
7,751
7,638
7,435
+1.5%
Cash and equivalents
171
267
1.1
-35.9%
Other assets
7,580
7,371
7,434
+2.8%
Total assets
7,751
7,638
7,435
+1.5%
10-K for the year ended 31 December 2021, filed 9 February 2022: the filing.