Old Dominion Freight Line (ODFL) FY2021 results: revenue $5.3 billion, up 30.9% on the year
Old Dominion Freight Line, Inc. (ODFL) reported revenue of $5.3 billion for fiscal 2021, the year ended 31 December 2021, up 30.9% on the year before. Net income was $1.0 billion, up 53.8%, and diluted earnings per share $4.45. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$5.3 billion
+30.9% on the year
FY2016FY2021
Operating margin
26.5%
22.6% a year earlier
FY2016FY2021
Net income
$1.0 billion
+53.8% on the year
FY2016FY2021
Diluted EPS
$4.45
+56.5% on the year
FY2016FY2021
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
1,213
933
984
+30.0%
Capital expenditure
550
225
479
+144.4%
Free cash flow
663
708
505
-6.4%
Free cash flow margin
12.6%
17.6%
12.3%
Cash from investing
-455
-552
-474
Cash from financing
-696
-384
-297
Depreciation and amortisation
260
261
254
-0.5%
Share-based compensation
15.0
11.3
16.7
+32.7%
Buybacks
536
364
241
+47.4%
Dividends paid
92.4
71.0
54.6
+30.1%
Dividend per share
$0.40
$0.30
$0.23
+33.3%
Diluted shares, weighted
233m
237m
241m
-1.8%
Shares outstanding at period end
230m
234m
239m
-1.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,680
3,326
3,081
+10.6%
Debt
99.9
99.9
45.0
+0.0%
Operating lease liabilities
88.8
93.3
56.1
-4.8%
Other liabilities
953
850
814
+12.1%
Total liabilities and equity
4,822
4,369
3,996
+10.3%
Fixed assets
3,216
2,914
2,969
+10.4%
Goodwill
n/a
n/a
19.5
Investments
254
330
n/a
-23.0%
Cash and equivalents
463
401
404
+15.2%
Receivables
567
445
398
+27.6%
Other assets
321
279
206
+15.2%
Total assets
4,822
4,369
3,996
+10.3%
10-K for the year ended 31 December 2021, filed 23 February 2022: the filing.