Revvity (RVTY) FY2021 results: revenue $3.8 billion, up 43.7% on the year
Revvity, Inc. (RVTY) reported revenue of $3.8 billion for fiscal 2021, the year ended 2 January 2022, up 43.7% on the year before. Net income was $943 million, up 29.6%, and diluted earnings per share $8.08. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2023.
Revenue
$3.8 billion
+43.7% on the year
FY2014FY2021
Operating margin
32.9%
32.6% a year earlier
FY2014FY2021
Net income
$943 million
+29.6% on the year
FY2014FY2021
Diluted EPS
$8.08
+24.5% 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
1,411
892
363
+58.1%
Capital expenditure
86.0
63.6
76.3
+35.2%
Free cash flow
1,325
829
287
+59.9%
Free cash flow margin
34.6%
31.1%
10.0%
Cash from investing
-4,113
-504
-488
Cash from financing
2,942
-203
-150
Depreciation and amortisation
311
202
214
+54.4%
Share-based compensation
29.7
26.9
31.5
+10.3%
Buybacks
73.1
6.9
6.3
+952.3%
Dividends paid
32.4
31.2
31.1
+3.7%
Dividend per share
n/a
$0.28
$0.28
Diluted shares, weighted
117m
112m
112m
+4.1%
Shares outstanding at period end
126m
112m
111m
+12.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
7,141
3,735
2,814
+91.2%
Debt
5,027
2,009
2,074
+150.2%
Operating lease liabilities
147
188
146
-21.8%
Other liabilities
2,685
2,027
1,504
+32.4%
Total liabilities and equity
15,001
7,960
6,539
+88.4%
Fixed assets
486
368
318
+31.8%
Goodwill
6,627
2,640
3,111
+151.1%
Intangible assets
3,822
1,366
1,283
+179.8%
Investments
33.7
2.2
2.9
+1,463.7%
Cash and equivalents
603
387
192
+55.9%
Receivables
708
1,155
725
-38.7%
Inventory
426
515
357
-17.2%
Other assets
2,295
1,528
549
+50.2%
Total assets
15,001
7,960
6,539
+88.4%
10-K for the year ended 2 January 2022, filed 1 March 2023: the filing.