Tanger (SKT) Q3 FY2021 earnings: revenue $112 million
Tanger Inc. (SKT) reported revenue of $112 million for Q3 FY2021, the quarter ended 30 September 2021. Net income was -$11 million, and diluted earnings per share $-0.11. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2022.
Revenue$112 million
Net income-$11 million
Diluted EPS$-0.11
QuarterQ3 FY2021ended 30 September 2021
The quarter, against the one before and a year earlier
| Line | Q3 FY2021 | Q2 FY2021 | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue | 112 | 101 | n/a | n/a |
| Interest expense | 13.3 | 13.3 | n/a | n/a |
| Pre-tax income | -13.3 | -0.1 | n/a | n/a |
| Net income | -10.6 | 2.5 | n/a | n/a |
| Net margin | -9.4% | 2.4% | n/a | |
| Diluted EPS | -$0.11 | $0.02 | n/a | n/a |
$ million except per share.
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Free 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 and capital returned
| Line | Q3 FY2021 | Q2 FY2021 | A year earlier | Change on the year |
|---|---|---|---|---|
| Operating cash flow | 52.3 | 60.3 | n/a | n/a |
| Capital expenditure | 11.8 | 4.5 | n/a | n/a |
| Free cash flow | 40.5 | 55.9 | n/a | n/a |
| Free cash flow margin | 36.0% | 55.1% | n/a | |
| Cash from investing | -5.9 | 1.3 | n/a | n/a |
| Cash from financing | -10.8 | -156 | n/a | n/a |
| Depreciation and amortisation | 26.9 | 27.7 | n/a | n/a |
| Share-based compensation | 3.0 | 2.8 | n/a | n/a |
| Dividends paid | 18.5 | 18.0 | n/a | n/a |
| Dividend per share | $0.36 | $0.18 | n/a | n/a |
| Diluted shares, weighted | 103m | 102m | n/a | n/a |
| Shares outstanding at period end | 104m | 104m | n/a | n/a |
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet at quarter end
| Line | Q3 FY2021 | Q2 FY2021 | A year earlier | Change on the year |
|---|---|---|---|---|
| Shareholders' equity | 480 | 523 | n/a | n/a |
| Cash and equivalents | 143 | 108 | n/a | n/a |
Questions
What was Tanger's revenue in Q3 FY2021?
Tanger (SKT) reported revenue of $112 million for Q3 FY2021, the quarter ended 30 September 2021.
How much did Tanger earn in Q3 FY2021?
Net loss for Q3 FY2021 was $11 million, and the diluted loss per share $0.11.
When did Tanger report Q3 FY2021 results?
Tanger filed its 10-Q for the quarter ended 30 September 2021 with the SEC on 4 November 2022.
Quarterly results, the last 17 quarters
| Q1 FY2021 | Q2 FY2021 | Q3 FY2021 | Q1 FY2022 | Q2 FY2022 | Q3 FY2022 | Q1 FY2023 | Q2 FY2023 | Q3 FY2023 | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q1 FY2026 | Q2 FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 101 | 101 | 112 | 109 | 106 | 111 | 109 | 111 | 117 | 123 | 129 | 133 | 135 | 141 | 145 | 150 | 156 |
| Operating income | 20.4 | n/a | n/a | 30.4 | 27.6 | 32.6 | 32.5 | 33.2 | 36.3 | 34.6 | 38.4 | 39.2 | 33.2 | 44.7 | 45.7 | 43.2 | 48.5 |
| Operating margin | 20% | n/a | n/a | 28% | 26% | 29% | 30% | 30% | 31% | 28% | 30% | 29% | 24% | 32% | 31% | 29% | 31% |
| Interest expense | 14.4 | 13.3 | 13.3 | 11.6 | 11.6 | 11.7 | 12.3 | 12.0 | 11.7 | 14.4 | 15.7 | 15.5 | 15.8 | 16.4 | 16.4 | 19.2 | 19.4 |
| Pre-tax income | 2.6 | -0.1 | -13.3 | 18.9 | 18.6 | 22.3 | 22.9 | 23.6 | 26.5 | 20.8 | 22.9 | 23.6 | 17.6 | 28.3 | 29.1 | 26.0 | 30.8 |
| Net income | 4.1 | 2.5 | -10.6 | 20.5 | 19.9 | 23.3 | 23.5 | 24.2 | 27.6 | 22.4 | 24.8 | 24.9 | 19.2 | 30.1 | 32.0 | 28.3 | 33.2 |
| Net margin | 4% | 2% | -9% | 19% | 19% | 21% | 22% | 22% | 24% | 18% | 19% | 19% | 14% | 21% | 22% | 19% | 21% |
| Diluted EPS | $0.04 | $0.02 | -$0.11 | $0.19 | $0.19 | $0.22 | $0.22 | $0.23 | $0.26 | $0.20 | $0.22 | $0.22 | $0.17 | $0.26 | $0.28 | $0.24 | $0.29 |
| Operating cash flow | 31.3 | 60.3 | 52.3 | 18.9 | 70.2 | 33.7 | 25.6 | 73.3 | 53.2 | 31.1 | 72.8 | 65.2 | 41.4 | 82.0 | 74.3 | 36.3 | 93.5 |
| Capital expenditure | 7.4 | 4.5 | 11.8 | 5.9 | 19.9 | 20.0 | 25.9 | 45.9 | 48.2 | 24.8 | 24.3 | 24.3 | 10.3 | 17.3 | 21.2 | 20.8 | 20.2 |
| Free cash flow | 23.9 | 55.9 | 40.5 | 13.0 | 50.4 | 13.6 | -0.4 | 27.5 | 5.0 | 6.3 | 48.5 | 40.8 | 31.1 | 64.7 | 53.1 | 15.5 | 73.2 |
| Buybacks | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 0.0 | 0.0 | n/a | 20.0 | 0.0 |
| Dividends paid | 16.9 | 18.0 | 18.5 | 19.3 | 20.9 | 20.9 | 24.6 | 25.8 | 25.8 | 29.6 | 30.1 | 30.1 | 32.2 | 33.1 | 33.1 | 35.0 | 35.9 |
| Shares outstanding | 104m | 104m | 104m | 104m | 104m | 104m | 105m | 105m | 105m | 109m | 109m | 110m | 113m | 113m | 115m | 115m | 115m |
| Filing | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q |
Each quarter as filed, linked to its filing.
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Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.10-Q for the period ended 30 September 2021, filed 4 November 2022: the filing.