New York Times (NYT) FY2021 results: revenue $2.1 billion, up 16.3% on the year
New York Times Co. (NYT) reported revenue of $2.1 billion for fiscal 2021, the year ended 26 December 2021, up 16.3% on the year before. Net income was $220 million, up 119.7%, and diluted earnings per share $1.31. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$2.1 billion
+16.3% on the year
FY2014FY2021
Operating margin
12.9%
9.9% a year earlier
FY2014FY2021
Net income
$220 million
+119.7% on the year
FY2014FY2021
Diluted EPS
$1.31
+118.3% 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
269
298
190
-9.7%
Capital expenditure
34.6
34.5
45.4
+0.5%
Free cash flow
234
263
144
-11.0%
Free cash flow margin
11.3%
14.8%
8.0%
Cash from investing
-181
-199
93.2
Cash from financing
-54.9
-45.0
-295
Depreciation and amortisation
57.5
62.1
60.7
-7.5%
Share-based compensation
22.2
14.4
12.9
+53.9%
Buybacks
0.0
0.0
n/a
Dividends paid
45.3
38.4
31.6
+18.0%
Dividend per share
$0.28
$0.24
$0.20
+16.7%
Diluted shares, weighted
169m
168m
168m
+0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,539
1,326
1,172
+16.1%
Non-controlling interest
2.0
2.6
1.9
-22.7%
Debt
0.0
0.0
0.0
Operating lease liabilities
63.6
52.7
55.1
+20.7%
Other liabilities
960
927
860
+3.5%
Total liabilities and equity
2,564
2,308
2,089
+11.1%
Fixed assets
575
595
627
-3.3%
Goodwill
166
172
139
-3.1%
Intangible assets
14.2
n/a
n/a
Investments
754
596
453
+26.6%
Cash and equivalents
320
286
230
+11.8%
Receivables
233
184
213
+26.8%
Other assets
501
476
426
+5.3%
Total assets
2,564
2,308
2,089
+11.1%
10-K for the year ended 26 December 2021, filed 23 February 2022: the filing.