Terreno Realty (TRNO) FY2021 results: revenue $222 million, up 18.8% on the year
Terreno Realty Corp. (TRNO) reported revenue of $222 million for fiscal 2021, the year ended 31 December 2021, up 18.8% on the year before. Net income was $87 million, up 9.3%, and diluted earnings per share $1.23. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2022.
Revenue
$222 million
+18.8% on the year
FY2014FY2021
Operating margin
39.6%
36.5% a year earlier
FY2014FY2021
Net income
$87 million
+9.3% on the year
FY2014FY2021
Diluted EPS
$1.23
+6.0% 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
132
101
94.7
+30.8%
Capital expenditure
51.3
31.6
32.1
+62.3%
Free cash flow
80.9
69.4
62.6
+16.5%
Free cash flow margin
36.5%
37.2%
36.6%
Cash from investing
-666
-52.1
-251
Cash from financing
631
-53.9
235
Depreciation and amortisation
50.7
45.9
44.0
+10.5%
Share-based compensation
9.6
9.8
10.6
-2.8%
Buybacks
0.6
9.8
4.0
-94.1%
Dividends paid
84.6
74.8
63.6
+13.2%
Dividend per share
$1.26
$1.12
$1.02
+12.5%
Diluted shares, weighted
71m
68m
65m
+3.8%
Shares outstanding at period end
75m
67m
67m
+11.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,058
1,588
1,517
+29.6%
Debt
721
459
492
+57.0%
Other liabilities
146
92.5
99.8
+57.4%
Total liabilities and equity
2,924
2,140
2,108
+36.7%
Loans
n/a
n/a
15.9
Cash and equivalents
204
107
110
+90.7%
Other assets
2,720
2,033
1,983
+33.8%
Total assets
2,924
2,140
2,108
+36.7%
10-K for the year ended 31 December 2021, filed 9 February 2022: the filing.