Realty Income (O) FY2021 results: revenue $2.1 billion, up 26.3% on the year
Realty Income Corp. (O) reported revenue of $2.1 billion for fiscal 2021, the year ended 31 December 2021, up 26.3% on the year before. Net income was $359 million, down 9.1%, and diluted earnings per share $0.87. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$2.1 billion
+26.3% on the year
FY2014FY2021
Operating margin
20.3%
20.4% a year earlier
FY2014FY2021
Net income
$359 million
-9.1% on the year
FY2014FY2021
Diluted EPS
$0.87
-23.7% 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
1,322
1,116
1,069
+18.5%
Capital expenditure
19.1
8.7
23.5
+119.1%
Free cash flow
1,303
1,107
1,045
+17.7%
Free cash flow margin
62.6%
67.2%
70.2%
Cash from investing
-6,438
-2,032
-3,502
Cash from financing
4,577
1,692
2,493
+170.5%
Depreciation and amortisation
898
677
594
+32.6%
Share-based compensation
41.8
16.5
13.7
+153.1%
Dividends paid
1,169
964
852
+21.2%
Dividend per share
$2.83
$2.79
$2.71
+1.4%
Diluted shares, weighted
415m
345m
316m
+20.1%
Shares outstanding at period end
591m
361m
334m
+63.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
25,053
10,985
9,774
+128.1%
Non-controlling interest
76.8
32.2
29.7
+138.2%
Redeemable equity
0.0
n/a
n/a
Debt
15,443
8,817
6,288
+75.1%
Other liabilities
2,565
905
2,463
+183.4%
Total liabilities and equity
43,138
20,740
18,555
+108.0%
Goodwill
3,677
14.2
14.4
+25,828.8%
Intangible assets
5,275
1,711
1,493
+208.4%
Investments
n/a
n/a
0.0
Cash and equivalents
259
824
54.0
-68.6%
Other assets
33,927
18,191
16,993
+86.5%
Total assets
43,138
20,740
18,555
+108.0%
10-K for the year ended 31 December 2021, filed 23 February 2022: the filing.