SM Energy (SM) FY2021 results: revenue $2.6 billion, up 132.8% on the year
SM Energy Co. (SM) reported revenue of $2.6 billion for fiscal 2021, the year ended 31 December 2021, up 132.8% on the year before. Net income was $36 million, and diluted earnings per share $0.29. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$2.6 billion
+132.8% on the year
FY2014FY2021
Operating margin
8.0%
-94.9% a year earlier
FY2014FY2021
Net income
$36 million
FY2014FY2021
Diluted EPS
$0.29
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
1,160
791
824
+46.6%
Cash from investing
-667
-556
-1,013
Cash from financing
-160
-235
112
Share-based compensation
18.8
15.0
24.3
+25.5%
Buybacks
0.0
0.0
n/a
Dividends paid
2.4
2.3
11.3
+5.1%
Dividend per share
$0.02
$0.02
$0.10
0.0%
Diluted shares, weighted
124m
114m
113m
+8.8%
Shares outstanding at period end
122m
115m
113m
+6.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,063
2,016
2,749
+2.3%
Debt
2,081
2,214
2,733
-6.0%
Operating lease liabilities
19.4
11.9
23.1
+63.4%
Other liabilities
1,070
734
787
+45.8%
Total liabilities and equity
5,234
4,976
6,292
+5.2%
Fixed assets
4,576
4,702
5,954
-2.7%
Cash and equivalents
333
0.0
0.0
+3,327,060.0%
Receivables
247
162
185
+52.2%
Other assets
78.1
112
154
-30.4%
Total assets
5,234
4,976
6,292
+5.2%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.