Scotts Miracle-Gro (SMG) FY2021 results: revenue $4.9 billion, up 19.2% on the year
Scotts Miracle-Gro Co. (SMG) reported revenue of $4.9 billion for fiscal 2021, the year ended 30 September 2021, up 19.2% on the year before. Net income was $512 million, up 32.3%, and diluted earnings per share $8.96. The figures are the company's own, from the 10-K it filed with the SEC on 23 November 2021.
Revenue
$4.9 billion
+19.2% on the year
FY2014FY2021
Operating margin
14.7%
14.2% a year earlier
FY2014FY2021
Net income
$512 million
+32.3% on the year
FY2014FY2021
Diluted EPS
$8.96
+31.6% on the year
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
272
558
227
-51.3%
Capital expenditure
107
62.7
42.4
+70.5%
Free cash flow
165
495
184
-66.8%
Free cash flow margin
3.3%
12.0%
5.8%
Cash from investing
-539
46.9
255
Cash from financing
494
-607
-496
Depreciation and amortisation
93.8
94.7
89.3
-1.0%
Share-based compensation
40.6
57.9
38.4
-29.9%
Buybacks
129
53.2
3.1
+143.0%
Dividends paid
143
411
124
-65.2%
Dividend per share
$2.52
$7.36
$2.23
-65.8%
Diluted shares, weighted
57m
57m
56m
+0.5%
Shares outstanding at period end
56m
56m
56m
-0.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,013
697
719
+45.3%
Non-controlling interest
0.0
5.7
4.5
Debt
2,282
1,495
1,634
+52.6%
Operating lease liabilities
234
113
0.0
+106.9%
Finance lease liabilities
27.5
30.9
n/a
-11.0%
Other liabilities
1,243
1,038
672
+19.7%
Total liabilities and equity
4,800
3,380
3,029
+42.0%
Fixed assets
622
560
546
+11.1%
Goodwill
605
544
539
+11.2%
Intangible assets
710
679
708
+4.5%
Cash and equivalents
244
16.6
18.8
+1,370.5%
Receivables
483
475
224
+1.8%
Inventory
1,127
622
540
+81.2%
Other assets
1,009
484
454
+108.5%
Total assets
4,800
3,380
3,029
+42.0%
10-K for the year ended 30 September 2021, filed 23 November 2021: the filing.