Onto Innovation (ONTO) FY2021 results: revenue $1.0 billion, up 27.4% on the year
Onto Innovation Inc. (ONTO) reported revenue of $1.0 billion for fiscal 2021, the year ended 31 December 2022, up 27.4% on the year before. Net income was $223 million, up 56.9%, and diluted earnings per share $4.49. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$1.0 billion
+27.4% on the year
FY2014FY2021
Operating margin
23.5%
-19.8% a year earlier
FY2014FY2021
Net income
$223 million
+56.9% on the year
FY2014FY2021
Diluted EPS
$4.49
+57.0% 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
137
175
106
-22.0%
Capital expenditure
18.4
12.0
3.8
+52.9%
Free cash flow
118
163
102
-27.5%
Free cash flow margin
11.8%
20.7%
18.4%
Cash from investing
-55.7
-142
48.6
Cash from financing
-68.3
2.7
-53.7
Depreciation and amortisation
64.7
65.8
67.6
-1.7%
Share-based compensation
24.4
19.5
17.7
+25.0%
Buybacks
65.3
0.0
52.0
Diluted shares, weighted
50m
50m
49m
+0.1%
Shares outstanding at period end
49m
49m
49m
-1.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,596
1,426
1,265
+11.9%
Debt
0.0
0.0
0.0
Operating lease liabilities
16.3
13.8
16.5
+18.8%
Other liabilities
182
210
187
-13.3%
Total liabilities and equity
1,795
1,650
1,468
+8.8%
Fixed assets
92.0
82.1
92.0
+12.0%
Goodwill
316
316
307
0.0%
Intangible assets
222
277
222
-19.9%
Investments
372
342
237
+8.8%
Cash and equivalents
176
170
137
+3.7%
Receivables
241
177
149
+36.2%
Inventory
324
243
191
+33.4%
Other assets
51.4
43.0
133
+19.6%
Total assets
1,795
1,650
1,468
+8.8%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.