Solaris Energy Infrastructure (SEI) FY2021 results: revenue $159 million, up 54.6% on the year
Solaris Energy Infrastructure, Inc. (SEI) reported revenue of $159 million for fiscal 2021, the year ended 31 December 2021, up 54.6% on the year before. Net income was -$868,000, and diluted earnings per share $-0.04. The figures are the company's own, from the 10-K it filed with the SEC on 9 March 2023.
Revenue
$159 million
+54.6% on the year
FY2015FY2021
Operating margin
-0.2%
-58.2% a year earlier
FY2015FY2021
Net income
-$868,000
FY2015FY2021
Diluted EPS
-$0.04
FY2015FY2021
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
16.5
43.9
115
-62.4%
Capital expenditure
19.6
4.7
34.9
+321.3%
Free cash flow
-3.2
39.2
80.0
Free cash flow margin
-2.0%
38.1%
33.1%
Cash from investing
-19.5
-3.8
-34.0
Cash from financing
-20.8
-46.6
-39.0
Depreciation and amortisation
27.2
27.0
26.9
+0.7%
Share-based compensation
5.2
4.7
4.5
+10.0%
Buybacks
n/a
26.7
3.2
Dividends paid
13.4
12.4
12.8
+8.2%
Dividend per share
$0.42
$0.42
$0.41
0.0%
Diluted shares, weighted
31m
29m
30m
+6.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
203
201
264
+0.9%
Non-controlling interest
94.7
114
146
-17.1%
Debt
73.1
68.7
68.0
+6.4%
Operating lease liabilities
6.7
7.4
7.9
-9.7%
Finance lease liabilities
0.1
0.1
0.1
-30.0%
Other liabilities
28.5
20.2
19.4
+41.0%
Total liabilities and equity
406
412
505
-1.4%
Fixed assets
n/a
n/a
307
Goodwill
13.0
13.0
17.2
0.0%
Intangible assets
2.2
3.0
3.8
-26.1%
Cash and equivalents
36.5
60.4
66.9
-39.5%
Receivables
29.5
18.2
38.6
+61.8%
Inventory
1.7
1.0
7.1
+73.4%
Other assets
323
316
64.9
+2.2%
Total assets
406
412
505
-1.4%
10-K for the year ended 31 December 2021, filed 9 March 2023: the filing.