Starwood Property Trust (STWD) FY2021 results: revenue $1.2 billion, up 3.0% on the year
Starwood Property Trust, Inc. (STWD) reported revenue of $1.2 billion for fiscal 2021, the year ended 31 December 2021, up 3.0% on the year before. Net income was $448 million, up 35.0%, and diluted earnings per share $1.52. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$1.2 billion
+3.0% on the year
FY2014FY2021
Operating margin
15.5%
15.1% a year earlier
FY2014FY2021
Net income
$448 million
+35.0% on the year
FY2014FY2021
Diluted EPS
$1.52
+31.0% 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
-990
1,046
-13.2
Cash from investing
-4,282
-912
-776
Cash from financing
4,873
13.3
877
+36,586.8%
Depreciation and amortisation
83.0
94.4
113
-12.1%
Share-based compensation
74.4
65.7
46.2
+13.2%
Buybacks
0.0
33.8
0.0
Dividends paid
554
547
538
+1.3%
Dividend per share
$1.92
$1.92
$1.92
0.0%
Diluted shares, weighted
297m
282m
290m
+5.1%
Shares outstanding at period end
305m
285m
282m
+7.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
6,073
4,489
4,700
+35.3%
Non-controlling interest
361
374
437
-3.3%
Redeemable equity
215
0.0
0.0
Debt
14,405
11,879
1,929
+21.3%
Other liabilities
62,796
64,132
70,977
-2.1%
Total liabilities and equity
83,850
80,874
78,042
+3.7%
Goodwill
260
260
260
0.0%
Intangible assets
63.6
70.1
85.7
-9.3%
Securities held for sale or to maturity
836
712
571
+17.4%
Loans
n/a
11,087
10,586
Cash and equivalents
217
563
478
-61.4%
Other assets
82,474
68,182
66,062
+21.0%
Total assets
83,850
80,874
78,042
+3.7%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.