Sunstone Hotel Investors (SHO) FY2021 results: revenue $509 million, up 90.0% on the year
Sunstone Hotel Investors, Inc. (SHO) reported revenue of $509 million for fiscal 2021, the year ended 31 December 2021, up 90.0% on the year before. Net income was $14 million, and diluted earnings per share $0.06. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$509 million
+90.0% on the year
FY2016FY2021
Operating margin
-17.3%
-147.0% a year earlier
FY2016FY2021
Net income
$14 million
FY2016FY2021
Diluted EPS
$0.06
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
28.4
-117
291
Capital expenditure
63.7
51.4
96.0
+23.8%
Free cash flow
-35.3
-168
195
Free cash flow margin
-6.9%
-62.8%
17.5%
Cash from investing
-240
114
-47.1
Cash from financing
-42.1
-446
-241
Depreciation and amortisation
129
137
148
-6.1%
Share-based compensation
12.8
9.6
9.3
+33.5%
Buybacks
n/a
104
50.1
Dividends paid
13.7
156
170
-91.2%
Dividend per share
n/a
$0.05
$0.74
Diluted shares, weighted
216m
216m
n/a
+0.2%
Shares outstanding at period end
219m
216m
225m
+1.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,199
2,049
2,575
+7.3%
Non-controlling interest
40.8
40.7
46.2
+0.2%
Debt
611
748
975
-18.3%
Operating lease liabilities
25.1
30.0
49.7
-16.1%
Finance lease liabilities
n/a
15.6
15.6
Other liabilities
165
103
258
+60.1%
Total liabilities and equity
3,041
2,986
3,919
+1.9%
Fixed assets
5.9
6.8
7.6
-12.6%
Cash and equivalents
120
368
817
-67.3%
Receivables
28.7
8.6
35.2
+235.4%
Other assets
2,886
2,602
3,059
+10.9%
Total assets
3,041
2,986
3,919
+1.9%
10-K for the year ended 31 December 2021, filed 23 February 2022: the filing.