Stanley Black & Decker (SWK) FY2021 results: revenue $15.3 billion, up 19.9% on the year
Stanley Black & Decker, Inc. (SWK) reported revenue of $15.3 billion for fiscal 2021, the year ended 1 January 2022, up 19.9% on the year before. Net income was $1.7 billion, up 36.9%, and diluted earnings per share $10.16. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$15.3 billion
+19.9% on the year
FY2014FY2021
Operating margin
10.4%
17.1% a year earlier
FY2014FY2021
Net income
$1.7 billion
+36.9% on the year
FY2014FY2021
Diluted EPS
$10.16
+30.8% 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
663
2,022
1,506
-67.2%
Capital expenditure
519
348
425
+49.1%
Free cash flow
144
1,674
1,081
-91.4%
Free cash flow margin
0.9%
13.1%
8.4%
Cash from investing
-2,624
-1,577
-1,209
Cash from financing
919
616
-292
+49.2%
Depreciation and amortisation
374
376
560
-0.7%
Share-based compensation
118
109
88.8
+8.4%
Buybacks
34.3
26.2
27.5
+30.9%
Dividends paid
475
432
402
+10.0%
Dividend per share
$2.98
$2.78
$2.70
+7.2%
Diluted shares, weighted
165m
156m
151m
+5.9%
Shares outstanding at period end
163m
161m
154m
+1.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
11,590
11,060
9,136
+4.8%
Non-controlling interest
1.9
6.8
5.9
-72.1%
Short-term borrowings
n/a
1.5
n/a
Debt
6,596
4,245
3,517
+55.4%
Other liabilities
9,992
8,253
7,938
+21.1%
Total liabilities and equity
28,180
23,566
20,597
+19.6%
Fixed assets
2,337
1,973
1,960
+18.4%
Goodwill
8,591
7,893
7,381
+8.8%
Intangible assets
n/a
4,055
3,622
Cash and equivalents
142
1,242
298
-88.5%
Inventory
5,420
2,639
2,255
+105.4%
Other assets
11,690
5,764
5,082
+102.8%
Total assets
28,180
23,566
20,597
+19.6%
10-K for the year ended 1 January 2022, filed 22 February 2022: the filing.