PJT Partners (PJT) FY2021 results: revenue $992 million, down 5.7% on the year
PJT Partners Inc. (PJT) reported revenue of $992 million for fiscal 2021, the year ended 31 December 2021, down 5.7% on the year before. Net income was $106 million, down 9.7%, and diluted earnings per share $3.99. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$992 million
-5.7% on the year
FY2014FY2021
Operating margin
22.1%
23.6% a year earlier
FY2014FY2021
Net income
$106 million
-9.7% on the year
FY2014FY2021
Diluted EPS
$3.99
-9.3% 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
124
470
211
-73.6%
Capital expenditure
6.5
8.9
8.8
-26.9%
Free cash flow
118
461
203
-74.5%
Free cash flow margin
11.9%
43.8%
28.2%
Cash from investing
131
-146
-1.7
Cash from financing
-353
-244
-101
Depreciation and amortisation
15.8
15.1
14.5
+4.6%
Share-based compensation
109
121
112
-9.9%
Buybacks
103
48.7
47.8
+112.3%
Dividends paid
78.0
4.8
4.6
+1,518.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
120
154
31.4
-22.1%
Non-controlling interest
517
534
543
-3.0%
Debt
0.0
0.0
21.5
Other liabilities
350
484
357
-27.6%
Total liabilities and equity
988
1,172
953
-15.7%
Fixed assets
37.1
38.8
37.1
-4.2%
Goodwill
173
173
173
0.0%
Intangible assets
24.4
32.0
39.8
-23.9%
Cash and equivalents
200
300
216
-33.1%
Other assets
553
629
487
-12.0%
Total assets
988
1,172
953
-15.7%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.