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Sylvamo (SLVM) Q4 FY2021 earnings: revenue $1.1 billion

Sylvamo Corp. (SLVM) reported revenue of $1.1 billion for Q4 FY2021, the quarter ended 31 December 2021. Net income was $62 million, and diluted earnings per share $1.42. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2022.

Revenue
$1.1 billion
+53.4% on the quarter
Q3 FY2020Q4 FY2021
Operating margin
n/a
Q3 FY2020Q4 FY2021
Net income
$62 million
-32.6% on the quarter
Q3 FY2020Q4 FY2021
Diluted EPS
$1.42
-32.1% on the quarter
Q3 FY2020Q4 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ4 FY2021Q3 FY2021A year earlierOn the quarterOn the yearLast 8 quarters
Revenue1,121731n/a+53.4%
Cost of revenue778n/an/a
Gross profit343n/an/a
Gross margin30.6%n/an/a
Selling, general and administrative68.0n/an/a
Interest expense19.0n/an/a
Pre-tax income116n/an/a
Income tax40.0n/an/a
Effective tax rate34.5%n/an/a
Net income62.092.0n/a-32.6%
Net margin5.5%n/an/a
Diluted EPS$1.42$2.09n/a-32.1%
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. 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

$ millionQ4 FY2021Q3 FY2021A year earlierOn the quarterOn the yearLast 8 quarters
Operating cash flow170n/an/a
Cash from investing-13.0n/an/a
Cash from financing-203n/an/a
Depreciation and amortisation39.033.0n/a+18.2%
Share-based compensation4.0n/an/a
Dividends paid0.0n/an/a
Diluted shares, weighted44m44mn/a-0.2%
Shares outstanding at period end44m44mn/a-0.5%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ4 FY2021Q3 FY2021A year earlierOn the quarterOn the yearLast 8 quarters
Shareholders' equity182265n/a-31.3%
Debt1,5001,519n/a-1.3%
Operating lease liabilities26.0n/an/a
Finance lease liabilities18.0n/an/a
Other liabilities871n/an/a
Total liabilities and equity2,597n/an/a
Goodwill132n/an/a
Intangible assets9.0n/an/a
Investments78.0n/an/a
Cash and equivalents180132n/a+36.4%
Receivables472n/an/a
Inventory342n/an/a
Other assets1,384n/an/a
Total assets2,597n/an/a

Questions

What was Sylvamo's revenue in Q4 FY2021?

Sylvamo (SLVM) reported revenue of $1.1 billion for Q4 FY2021, the quarter ended 31 December 2021.

How much did Sylvamo earn in Q4 FY2021?

Net income for Q4 FY2021 was $62 million, and diluted earnings per share $1.42.

When did Sylvamo report Q4 FY2021 results?

Sylvamo filed its 10-K for the year that ended with the quarter on 2 March 2022; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022 †Q2 FY2022 †Q3 FY2022 †Q4 FY2022 * †Q1 FY2023 †Q2 FY2023Q3 FY2023Q4 FY2023 * †Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue1,121821912968927941919897946905933965970821794846890755806645
Cost of revenue778620659687653670721665753716684700733662640624690630674440
Gross profit343201253281274271198232211189249265237159154222200125132205
Gross margin31%24%28%29%30%29%22%26%22%21%27%27%24%19%19%26%22%17%16%32%
SG&A68.066.081.080.098.082.076.089.096.074.082.074.081.073.072.068.068.073.069.082.0
Operating incomen/an/an/an/an/an/an/an/an/a72.012215010944.030.098.079.0-15.014.087.0
Operating marginn/an/an/an/an/an/an/an/an/a8%13%16%11%5%4%12%9%-2%2%13%
Interest expense19.018.020.021.021.019.015.015.015.014.013.019.011.012.012.012.013.012.015.014.0
Pre-tax income11681.011714712214170.091.067.060.011313210033.020.088.058.0-6.01.071.0
Tax rate34%32%28%26%28%31%30%36%27%28%27%28%19%18%25%35%43%n/a1200%-20%
Net income62.026.0-59.057.094.097.049.058.049.043.083.095.081.027.015.057.033.0-3.0-11.0-199
Net margin6%3%-6%6%10%10%5%6%5%5%9%10%8%3%2%7%4%-0%-1%-31%
Diluted EPS$1.42$0.59-$1.33$1.28$2.13$2.25$1.14$1.37$1.16$1.02$1.98$2.27$1.94$0.65$0.37$1.41$0.83-$0.08-$0.28-$4.98
Operating cash flow17092.083.012114263.077.019716727.011516316423.064.087.094.0-10.038.064.0
Capital expendituren/a19.043.032.0n/a61.044.042.063.060.053.044.064.048.066.054.056.049.061.046.0
Free cash flown/a73.040.089.0n/a2.033.0155104-33.062.0119100-25.0-2.033.038.0-59.0-23.018.0
Buybacksn/a0.00.00.080.010.030.013.017.05.025.00.039.020.020.042.00.00.00.00.0
Dividends paid0.00.00.05.05.010.011.011.025.012.013.018.019.018.018.019.018.018.018.018.0
Shares outstanding44m44m44m44m43m43m42m42m41m41m41m41m41m41m40m39m39m40m40m40m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 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-K for the period ended 31 December 2021, filed 2 March 2022: the filing.