Paccar (PCAR) FY2021 results: revenue $23.5 billion, up 25.6% on the year
Paccar Inc. (PCAR) reported revenue of $23.5 billion for fiscal 2021, the year ended 31 December 2021, up 25.6% on the year before. Net income was $1.9 billion, up 43.4%, and diluted earnings per share $3.57. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$23.5 billion
+25.6% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$1.9 billion
+43.4% on the year
FY2014FY2021
Diluted EPS
$3.57
+42.8% 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
2,187
2,987
2,860
-26.8%
Capital expenditure
559
550
574
+1.6%
Free cash flow
1,628
2,437
2,286
-33.2%
Free cash flow margin
6.9%
13.0%
8.9%
Cash from investing
-1,363
-1,876
-2,207
Cash from financing
-883
-1,808
83.4
Depreciation and amortisation
270
250
322
+8.2%
Share-based compensation
14.7
13.0
15.1
+13.1%
Buybacks
1.5
42.1
110
-96.4%
Dividends paid
708
1,240
1,139
-42.9%
Diluted shares, weighted
523m
521m
521m
+0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
11,594
10,533
9,706
+10.1%
Debt
10,432
10,853
n/a
-3.9%
Other liabilities
7,484
7,063
18,655
+5.9%
Total liabilities and equity
29,509
28,450
28,361
+3.7%
Fixed assets
3,398
3,270
2,884
+3.9%
Goodwill
111
119
109
-6.9%
Cash and equivalents
3,428
3,540
4,175
-3.1%
Inventory
1,976
n/a
n/a
Other assets
20,596
21,521
21,193
-4.3%
Total assets
29,509
28,450
28,361
+3.7%
10-K for the year ended 31 December 2021, filed 23 February 2022: the filing.