Targa Resources (TRGP) FY2021 results: revenue $16.9 billion, up 105.2% on the year
Targa Resources Corp. (TRGP) reported revenue of $16.9 billion for fiscal 2021, the year ended 31 December 2021, up 105.2% on the year before. Net income was $71 million, and diluted earnings per share $-0.07. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$16.9 billion
+105.2% on the year
FY2016FY2021
Operating margin
5.1%
-15.8% a year earlier
FY2016FY2021
Net income
$71 million
FY2016FY2021
Diluted EPS
-$0.07
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
2,303
1,744
1,390
+32.0%
Capital expenditure
505
952
2,878
-46.9%
Free cash flow
1,798
793
-1,488
+126.7%
Free cash flow margin
10.6%
9.6%
-17.2%
Cash from investing
-473
-738
-3,072
Cash from financing
-1,914
-1,095
1,781
Depreciation and amortisation
871
865
972
+0.6%
Share-based compensation
59.2
66.2
60.3
-10.6%
Dividend per share
$0.40
$1.21
$3.64
-66.9%
Diluted shares, weighted
229m
232m
232m
-1.6%
Shares outstanding at period end
228m
228m
233m
+0.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,012
2,654
4,921
-24.2%
Non-controlling interest
3,167
3,249
3,522
-2.5%
Debt
6,597
7,756
7,822
-14.9%
Operating lease liabilities
34.5
46.2
47.2
-25.3%
Finance lease liabilities
13.7
18.7
25.8
-26.7%
Other liabilities
3,384
2,152
2,477
+57.3%
Total liabilities and equity
15,208
15,876
18,815
-4.2%
Fixed assets
11,668
12,174
14,548
-4.2%
Goodwill
45.2
45.2
45.2
0.0%
Intangible assets
1,095
1,382
1,735
-20.8%
Cash and equivalents
158
243
331
-34.7%
Receivables
1,332
863
855
+54.4%
Inventory
153
182
162
-15.5%
Other assets
757
987
1,139
-23.4%
Total assets
15,208
15,876
18,815
-4.2%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.