Tutor Perini (TPC) FY2021 results: revenue $4.6 billion, down 12.7% on the year
Tutor Perini Corp. (TPC) reported revenue of $4.6 billion for fiscal 2021, the year ended 31 December 2021, down 12.7% on the year before. Net income was $92 million, down 15.2%, and diluted earnings per share $1.79. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$4.6 billion
-12.7% on the year
FY2016FY2021
Operating margin
4.9%
4.9% a year earlier
FY2016FY2021
Net income
$92 million
-15.2% on the year
FY2016FY2021
Diluted EPS
$1.79
-15.6% on the year
FY2016FY2021
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
-148
173
137
Capital expenditure
38.6
54.8
84.2
-29.5%
Free cash flow
-187
118
52.3
Free cash flow margin
-4.0%
2.2%
1.2%
Cash from investing
-37.3
-46.4
-76.1
Cash from financing
-54.7
123
21.8
Depreciation and amortisation
118
107
65.0
+10.5%
Share-based compensation
11.6
11.8
19.1
-1.6%
Diluted shares, weighted
51m
51m
50m
+0.6%
Shares outstanding at period end
51m
51m
50m
+0.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,655
1,554
1,440
+6.5%
Non-controlling interest
18.8
-10.9
-9.6
Debt
994
1,025
834
-3.1%
Operating lease liabilities
50.1
51.3
31.9
-2.5%
Other liabilities
2,007
2,426
2,189
-17.2%
Total liabilities and equity
4,725
5,046
4,486
-6.4%
Fixed assets
430
489
510
-12.2%
Goodwill
205
205
205
0.0%
Intangible assets
85.1
123
155
-30.9%
Securities held for sale or to maturity
143
n/a
n/a
Cash and equivalents
202
374
194
-46.0%
Receivables
1,454
1,415
1,355
+2.8%
Other assets
2,205
2,439
2,067
-9.6%
Total assets
4,725
5,046
4,486
-6.4%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.