TransDigm Group (TDG) FY2021 results: revenue $4.8 billion, down 6.0% on the year
TransDigm Group Inc. (TDG) reported revenue of $4.8 billion for fiscal 2021, the year ended 30 September 2021, down 6.0% on the year before. Net income was $680 million, down 2.7%, and diluted earnings per share $10.41. The figures are the company's own, from the 10-K it filed with the SEC on 16 November 2021.
Revenue
$4.8 billion
-6.0% on the year
FY2014FY2021
Operating margin
35.2%
34.3% a year earlier
FY2014FY2021
Net income
$680 million
-2.7% on the year
FY2014FY2021
Diluted EPS
$10.41
+16.2% 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
913
1,213
1,015
-24.7%
Capital expenditure
105
105
102
0.0%
Free cash flow
808
1,108
913
-27.1%
Free cash flow margin
16.8%
21.7%
17.5%
Cash from investing
-785
799
-3,889
Cash from financing
-70.0
1,230
2,271
Depreciation and amortisation
253
283
226
-10.6%
Share-based compensation
129
93.0
93.0
+38.7%
Buybacks
0.0
19.0
0.0
Dividends paid
73.0
1,928
1,712
-96.2%
Dividend per share
$0.00
$32.50
$30.00
Diluted shares, weighted
58m
57m
53m
+1.9%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
-2,916
-3,972
-2,895
Non-controlling interest
6.0
4.0
10.0
+50.0%
Debt
19,998
20,009
16,899
-0.1%
Operating lease liabilities
79.0
n/a
n/a
Finance lease liabilities
98.0
55.0
n/a
+78.2%
Other liabilities
2,050
2,299
2,241
-10.8%
Total liabilities and equity
19,315
18,395
16,255
+5.0%
Fixed assets
770
752
757
+2.4%
Goodwill
8,568
7,889
7,820
+8.6%
Intangible assets
2,791
2,610
2,744
+6.9%
Cash and equivalents
4,787
4,717
1,467
+1.5%
Receivables
791
720
1,068
+9.9%
Inventory
1,185
1,283
1,233
-7.6%
Other assets
423
424
1,166
-0.2%
Total assets
19,315
18,395
16,255
+5.0%
10-K for the year ended 30 September 2021, filed 16 November 2021: the filing.