Sunrun (RUN) FY2021 results: revenue $1.6 billion, up 74.6% on the year
Sunrun Inc. (RUN) reported revenue of $1.6 billion for fiscal 2021, the year ended 31 December 2021, up 74.6% on the year before. Net income was -$79 million, and diluted earnings per share $-0.39. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$1.6 billion
+74.6% on the year
FY2014FY2021
Operating margin
-41.4%
-50.4% a year earlier
FY2014FY2021
Net income
-$79 million
FY2014FY2021
Diluted EPS
-$0.39
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
-817
-318
-204
Capital expenditure
8.6
3.1
25.3
+177.1%
Free cash flow
-826
-321
-230
Free cash flow margin
-51.3%
-34.8%
-26.8%
Cash from investing
-1,686
-498
-843
Cash from financing
2,646
1,161
1,107
+127.9%
Depreciation and amortisation
23.0
20.0
22.6
+15.0%
Share-based compensation
211
171
26.3
+23.7%
Buybacks
0.0
0.0
5.0
Diluted shares, weighted
205m
140m
124m
+46.9%
Shares outstanding at period end
208m
201m
118m
+3.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
6,255
6,078
965
+2.9%
Non-controlling interest
723
651
367
+11.0%
Redeemable equity
595
560
307
+6.2%
Debt
6,503
4,796
2,255
+35.6%
Operating lease liabilities
n/a
85.6
36.1
Finance lease liabilities
11.3
12.9
12.9
-12.5%
Other liabilities
2,396
2,199
1,864
+9.0%
Total liabilities and equity
16,483
14,383
5,806
+14.6%
Fixed assets
n/a
62.2
56.7
Goodwill
4,280
4,280
95.1
0.0%
Intangible assets
12.9
18.3
19.5
-29.4%
Cash and equivalents
850
708
363
+20.1%
Receivables
146
95.1
77.7
+53.5%
Inventory
507
283
261
+79.1%
Other assets
10,687
8,936
4,933
+19.6%
Total assets
16,483
14,383
5,806
+14.6%
10-K for the year ended 31 December 2021, filed 17 February 2022: the filing.