RB Global (RBA) FY2021 results: revenue $1.4 billion, up 2.9% on the year
RB Global Inc. (RBA) reported revenue of $1.4 billion for fiscal 2021, the year ended 31 December 2021, up 2.9% on the year before. Net income was $152 million, down 10.7%, and diluted earnings per share $1.36. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$1.4 billion
+2.9% on the year
FY2016FY2021
Operating margin
17.0%
19.1% a year earlier
FY2016FY2021
Net income
$152 million
-10.7% on the year
FY2016FY2021
Diluted EPS
$1.36
-11.7% 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
318
258
333
+23.2%
Capital expenditure
9.8
14.3
13.6
-31.2%
Free cash flow
308
244
319
+26.3%
Free cash flow margin
21.7%
17.7%
24.2%
Cash from investing
-214
-277
-36.1
Cash from financing
961
-111
-187
Depreciation and amortisation
87.9
74.9
70.5
+17.3%
Share-based compensation
31.3
16.6
12.7
+89.3%
Buybacks
n/a
53.2
42.0
Dividends paid
104
91.7
82.5
+13.1%
Diluted shares, weighted
111m
110m
110m
+1.0%
Shares outstanding at period end
111m
110m
109m
+0.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,071
1,007
902
+6.3%
Non-controlling interest
0.4
5.2
5.2
-92.5%
Debt
1,744
666
650
+161.9%
Operating lease liabilities
110
113
111
-2.6%
Finance lease liabilities
14.0
17.1
16.3
-18.3%
Other liabilities
654
543
545
+20.4%
Total liabilities and equity
3,593
2,352
2,229
+52.8%
Fixed assets
449
492
484
-8.7%
Goodwill
948
841
672
+12.7%
Intangible assets
351
301
233
+16.5%
Cash and equivalents
326
279
360
+17.0%
Receivables
151
135
143
+11.8%
Inventory
102
86.3
65.0
+18.8%
Other assets
1,266
218
272
+481.3%
Total assets
3,593
2,352
2,229
+52.8%
10-K for the year ended 31 December 2021, filed 17 February 2022: the filing.