Ovintiv (OVV) FY2021 results: revenue $8.7 billion, up 42.2% on the year
Ovintiv Inc. (OVV) reported revenue of $8.7 billion for fiscal 2021, the year ended 31 December 2021, up 42.2% on the year before. Net income was $1.4 billion, and diluted earnings per share $5.32. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$8.7 billion
+42.2% on the year
FY2017FY2021
Operating margin
17.5%
-88.7% a year earlier
FY2017FY2021
Net income
$1.4 billion
FY2017FY2021
Diluted EPS
$5.32
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
3,129
1,895
2,921
+65.1%
Capital expenditure
1,519
1,736
2,626
-12.5%
Free cash flow
1,610
159
295
+912.6%
Free cash flow margin
18.6%
2.6%
4.4%
Cash from investing
-525
-1,864
-2,556
Cash from financing
-2,419
-206
-1,238
Depreciation and amortisation
1,190
1,834
2,015
-35.1%
Share-based compensation
138
33.0
39.0
+318.2%
Buybacks
111
0.0
1,250
Dividends paid
122
97.0
102
+25.8%
Dividend per share
$0.47
$0.38
$0.38
+24.7%
Diluted shares, weighted
266m
260m
261m
+2.5%
Shares outstanding at period end
258m
260m
260m
-0.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
5,074
3,837
9,930
+32.2%
Debt
4,786
6,885
6,974
-30.5%
Operating lease liabilities
889
938
977
-5.2%
Finance lease liabilities
33.0
39.0
121
-15.4%
Other liabilities
3,273
2,770
3,485
+18.2%
Total liabilities and equity
14,055
14,469
21,487
-2.9%
Fixed assets
8,761
9,450
15,191
-7.3%
Goodwill
2,628
2,625
2,611
+0.1%
Investments
27.0
30.0
28.0
-10.0%
Cash and equivalents
195
10.0
190
+1,850.0%
Other assets
2,444
2,354
3,467
+3.8%
Total assets
14,055
14,469
21,487
-2.9%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.