Envista Holdings (NVST) FY2021 results: revenue $2.5 billion, up 30.1% on the year
Envista Holdings Corp. (NVST) reported revenue of $2.5 billion for fiscal 2021, the year ended 31 December 2021, up 30.1% on the year before. Net income was $340 million, up 922.5%, and diluted earnings per share $1.92. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$2.5 billion
+30.1% on the year
FY2017FY2021
Operating margin
12.2%
2.3% a year earlier
FY2017FY2021
Net income
$340 million
+922.5% on the year
FY2017FY2021
Diluted EPS
$1.92
+860.0% on the year
FY2017FY2021
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
362
284
398
+27.4%
Capital expenditure
54.7
47.7
77.8
+14.7%
Free cash flow
307
236
320
+29.9%
Free cash flow margin
12.2%
12.2%
14.0%
Cash from investing
263
-69.1
-78.4
Cash from financing
-466
492
-108
Depreciation and amortisation
118
122
120
-3.2%
Share-based compensation
28.2
22.6
18.4
+24.8%
Diluted shares, weighted
178m
164m
136m
+8.2%
Shares outstanding at period end
162m
160m
159m
+1.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
4,058
3,721
3,540
+9.1%
Non-controlling interest
0.4
0.4
2.6
0.0%
Short-term borrowings
432
887
3.9
-51.2%
Debt
1,316
1,794
1,325
-26.7%
Operating lease liabilities
120
153
186
-21.1%
Other liabilities
648
321
1,101
+101.7%
Total liabilities and equity
6,574
6,876
6,158
-4.4%
Fixed assets
264
275
290
-3.8%
Goodwill
3,132
3,207
3,306
-2.4%
Intangible assets
1,046
1,153
1,286
-9.2%
Cash and equivalents
1,074
889
211
+20.8%
Receivables
332
302
444
+10.0%
Inventory
264
216
278
+22.1%
Other assets
462
835
344
-44.6%
Total assets
6,574
6,876
6,158
-4.4%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.