S&P Global (SPGI) FY2021 results: revenue $8.3 billion, up 11.5% on the year
S&P Global Inc. (SPGI) reported revenue of $8.3 billion for fiscal 2021, the year ended 31 December 2021, up 11.5% on the year before. Net income was $3.0 billion, up 29.3%, and diluted earnings per share $12.51. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2022.
Revenue
$8.3 billion
+11.5% on the year
FY2014FY2021
Operating margin
50.9%
48.6% a year earlier
FY2014FY2021
Net income
$3.0 billion
+29.3% on the year
FY2014FY2021
Diluted EPS
$12.51
+29.5% 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
3,598
3,567
2,776
+0.9%
Capital expenditure
35.0
76.0
115
-53.9%
Free cash flow
3,563
3,491
2,661
+2.1%
Free cash flow margin
42.9%
46.9%
39.7%
Cash from investing
-120
-240
-131
Cash from financing
-1,013
-2,166
-1,751
Depreciation and amortisation
178
206
204
-13.6%
Share-based compensation
122
90.0
78.0
+35.6%
Buybacks
0.0
1,164
1,240
Dividends paid
743
645
560
+15.2%
Dividend per share
$3.08
$2.68
$2.28
+14.9%
Diluted shares, weighted
242m
242m
247m
-0.1%
Shares outstanding at period end
241m
241m
244m
+0.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,032
509
479
+299.2%
Non-controlling interest
75.0
62.0
57.0
+21.0%
Redeemable equity
3,429
2,781
2,268
+23.3%
Debt
4,114
4,110
3,948
+0.1%
Operating lease liabilities
492
544
620
-9.6%
Other liabilities
4,884
4,531
3,976
+7.8%
Total liabilities and equity
15,026
12,537
11,348
+19.9%
Fixed assets
241
284
320
-15.1%
Goodwill
3,506
3,735
3,575
-6.1%
Intangible assets
1,285
1,352
1,424
-5.0%
Investments
11.0
9.0
28.0
+22.2%
Cash and equivalents
6,497
4,108
2,866
+58.2%
Receivables
1,650
1,593
1,577
+3.6%
Other assets
1,836
1,456
1,558
+26.1%
Total assets
15,026
12,537
11,348
+19.9%
10-K for the year ended 31 December 2021, filed 8 February 2022: the filing.