Trimble (TRMB) FY2021 results: revenue $3.7 billion, up 16.1% on the year
Trimble Inc. (TRMB) reported revenue of $3.7 billion for fiscal 2021, the year ended 31 December 2021, up 16.1% on the year before. Net income was $493 million, up 26.4%, and diluted earnings per share $1.94. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$3.7 billion
+16.1% on the year
FY2014FY2021
Operating margin
15.3%
13.3% a year earlier
FY2014FY2021
Net income
$493 million
+26.4% on the year
FY2014FY2021
Diluted EPS
$1.94
+25.2% 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
750
672
585
+11.7%
Capital expenditure
46.1
56.8
69.0
-18.8%
Free cash flow
704
615
516
+14.5%
Free cash flow margin
19.2%
19.5%
15.8%
Cash from investing
-204
-232
-275
Cash from financing
-448
-400
-293
Depreciation and amortisation
92.2
105
113
-12.4%
Share-based compensation
123
83.0
75.0
+47.7%
Buybacks
180
81.6
180
+120.6%
Diluted shares, weighted
254m
252m
253m
+0.8%
Shares outstanding at period end
251m
251m
250m
+0.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,945
3,597
3,119
+9.7%
Non-controlling interest
0.0
1.7
1.4
Debt
1,293
1,547
1,843
-16.4%
Operating lease liabilities
121
109
114
+11.2%
Other liabilities
1,740
1,622
1,563
+7.3%
Total liabilities and equity
7,100
6,877
6,641
+3.2%
Fixed assets
233
252
241
-7.4%
Goodwill
3,982
3,876
3,681
+2.7%
Intangible assets
507
580
679
-12.7%
Cash and equivalents
326
238
189
+37.0%
Receivables
625
620
608
+0.7%
Inventory
363
302
312
+20.4%
Other assets
1,064
1,009
930
+5.5%
Total assets
7,100
6,877
6,641
+3.2%
10-K for the year ended 31 December 2021, filed 23 February 2022: the filing.