Southwest Gas Holdings (SWX) FY2021 results: revenue $3.7 billion, up 11.6% on the year
Southwest Gas Holdings, Inc. (SWX) reported revenue of $3.7 billion for fiscal 2021, the year ended 31 December 2021, up 11.6% on the year before. Net income was $201 million, down 13.6%, and diluted earnings per share $3.39. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2022.
Revenue
$3.7 billion
+11.6% on the year
FY2015FY2021
Operating margin
10.0%
12.8% a year earlier
FY2015FY2021
Net income
$201 million
-13.6% on the year
FY2015FY2021
Diluted EPS
$3.39
-18.1% on the year
FY2015FY2021
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
111
626
500
-82.2%
Capital expenditure
716
825
938
-13.3%
Free cash flow
-604
-199
-438
Free cash flow margin
-16.4%
-6.0%
-14.0%
Cash from investing
-3,036
-802
-952
Cash from financing
3,063
210
415
+1,361.8%
Depreciation and amortisation
371
332
303
+11.8%
Share-based compensation
9.3
7.1
6.9
+30.6%
Dividends paid
138
126
116
+10.1%
Dividend per share
$2.38
n/a
n/a
Diluted shares, weighted
59m
56m
54m
+5.7%
Shares outstanding at period end
60m
57m
55m
+5.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,954
2,675
2,506
+10.4%
Non-controlling interest
n/a
n/a
0.0
Redeemable equity
197
166
84.5
+18.7%
Debt
6,322
2,880
2,675
+119.5%
Finance lease liabilities
n/a
n/a
0.4
Other liabilities
3,293
3,016
2,904
+9.2%
Total liabilities and equity
12,765
8,736
8,170
+46.1%
Goodwill
1,781
345
343
+416.1%
Cash and equivalents
223
83.4
49.5
+167.2%
Receivables
707
522
474
+35.4%
Other assets
10,054
7,785
7,303
+29.1%
Total assets
12,765
8,736
8,170
+46.1%
10-K for the year ended 31 December 2021, filed 1 March 2022: the filing.