Tennant (TNC) FY2021 results: revenue $1.1 billion, up 9.0% on the year
Tennant Co. (TNC) reported revenue of $1.1 billion for fiscal 2021, the year ended 31 December 2021, up 9.0% on the year before. Net income was $65 million, up 92.6%, and diluted earnings per share $3.44. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$1.1 billion
+9.0% on the year
FY2014FY2021
Operating margin
8.6%
6.4% a year earlier
FY2014FY2021
Net income
$65 million
+92.6% on the year
FY2014FY2021
Diluted EPS
$3.44
+90.1% 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
69.4
134
71.9
-48.1%
Capital expenditure
19.4
29.9
38.4
-35.1%
Free cash flow
50.0
104
33.5
-51.9%
Free cash flow margin
4.6%
10.4%
2.9%
Cash from investing
1.7
-29.9
-55.6
Cash from financing
-84.5
-42.8
-27.4
Depreciation and amortisation
53.1
53.4
54.4
-0.6%
Share-based compensation
9.5
6.0
11.4
+58.3%
Buybacks
15.0
0.0
0.0
Dividends paid
17.5
16.3
16.0
+7.4%
Dividend per share
$0.94
$0.89
$0.88
+5.6%
Diluted shares, weighted
19m
19m
18m
+1.1%
Shares outstanding at period end
16m
19m
18m
-16.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
434
405
360
+7.2%
Non-controlling interest
1.3
1.3
1.4
0.0%
Debt
268
312
308
-14.1%
Operating lease liabilities
25.4
28.7
30.3
-11.5%
Finance lease liabilities
0.1
0.0
0.0
Other liabilities
334
336
364
-0.8%
Total liabilities and equity
1,062
1,083
1,063
-1.9%
Fixed assets
173
186
173
-6.8%
Goodwill
193
208
195
-7.1%
Intangible assets
98.0
126
138
-22.3%
Cash and equivalents
124
141
74.6
-12.3%
Receivables
211
200
216
+5.8%
Inventory
161
128
150
+25.8%
Other assets
102
94.5
116
+8.1%
Total assets
1,062
1,083
1,063
-1.9%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.