TE Connectivity (TEL) FY2021 results: revenue $14.9 billion, up 22.6% on the year
TE Connectivity plc (TEL) reported revenue of $14.9 billion for fiscal 2021, the year ended 24 September 2021, up 22.6% on the year before. Net income was $2.3 billion, and diluted earnings per share $6.79. The figures are the company's own, from the 10-K it filed with the SEC on 9 November 2021.
Revenue
$14.9 billion
+22.6% on the year
FY2014FY2021
Operating margin
16.3%
4.4% a year earlier
FY2014FY2021
Net income
$2.3 billion
FY2014FY2021
Diluted EPS
$6.79
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
2,676
1,992
2,422
+34.3%
Capital expenditure
690
560
749
+23.2%
Free cash flow
1,986
1,432
1,673
+38.7%
Free cash flow margin
13.3%
11.8%
12.4%
Cash from investing
-1,037
-865
-692
Cash from financing
-1,386
-1,105
-1,643
Depreciation and amortisation
769
711
690
+8.2%
Share-based compensation
94.0
74.0
75.0
+27.0%
Buybacks
831
523
1,091
+58.9%
Dividends paid
647
625
608
+3.5%
Dividend per share
$1.96
$1.88
$1.80
+4.3%
Diluted shares, weighted
333m
332m
340m
+0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
10,634
9,383
10,570
+13.3%
Redeemable equity
114
112
n/a
+1.8%
Debt
4,092
4,146
3,965
-1.3%
Operating lease liabilities
334
347
n/a
-3.7%
Other liabilities
6,288
5,254
5,159
+19.7%
Total liabilities and equity
21,462
19,242
19,694
+11.5%
Fixed assets
3,778
3,650
3,574
+3.5%
Goodwill
5,590
5,224
5,740
+7.0%
Intangible assets
1,549
1,593
1,596
-2.8%
Cash and equivalents
1,203
945
927
+27.3%
Receivables
2,928
2,377
2,320
+23.2%
Inventory
2,511
1,950
1,836
+28.8%
Other assets
3,903
3,503
3,701
+11.4%
Total assets
21,462
19,242
19,694
+11.5%
10-K for the year ended 24 September 2021, filed 9 November 2021: the filing.