Northern Trust (NTRS) FY2021 results: revenue $6.5 billion, up 6.0% on the year
Northern Trust Corp. (NTRS) reported revenue of $6.5 billion for fiscal 2021, the year ended 31 December 2021, up 6.0% on the year before. Net income was $1.5 billion, up 27.8%, and diluted earnings per share $7.14. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$6.5 billion
+6.0% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$1.5 billion
+27.8% on the year
FY2014FY2021
Diluted EPS
$7.14
+30.8% 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
1,356
1,897
2,592
-28.5%
Capital expenditure
95.5
136
158
-29.7%
Free cash flow
1,260
1,761
2,434
-28.4%
Cash from investing
-18,603
-29,923
-3,405
Cash from financing
16,074
27,872
616
-42.3%
Depreciation and amortisation
516
500
459
+3.1%
Share-based compensation
95.5
91.4
108
+4.5%
Buybacks
268
300
1,100
-10.7%
Dividends paid
583
585
530
-0.2%
Dividend per share
$2.80
$2.80
$2.60
0.0%
Diluted shares, weighted
209m
209m
216m
-0.1%
Shares outstanding at period end
208m
208m
210m
-0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
12,017
11,688
11,091
+2.8%
Deposits
159,928
143,878
109,121
+11.2%
Debt
7,767
8,901
11,786
-12.7%
Other liabilities
4,178
5,537
4,831
-24.5%
Total liabilities and equity
183,890
170,004
136,828
+8.2%
Fixed assets
489
515
483
-5.1%
Goodwill
706
707
697
-0.1%
Intangible assets
n/a
113
121
Securities held for sale or to maturity
38,010
59,813
51,161
-36.5%
Loans
n/a
n/a
31,305
Resale agreements
686
1,600
713
-57.1%
Trading assets
0.3
0.5
0.3
-40.0%
Cash and equivalents
3,057
4,390
4,459
-30.4%
Other assets
140,941
102,866
47,890
+37.0%
Total assets
183,890
170,004
136,828
+8.2%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.