Tractor Supply (TSCO) FY2021 results: revenue $12.7 billion, up 19.9% on the year
Tractor Supply Co. (TSCO) reported revenue of $12.7 billion for fiscal 2021, the year ended 25 December 2021, up 19.9% on the year before. Net income was $997 million, up 33.1%, and diluted earnings per share $1.72. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$12.7 billion
+19.9% on the year
FY2014FY2021
Operating margin
10.3%
9.4% a year earlier
FY2014FY2021
Net income
$997 million
+33.1% on the year
FY2014FY2021
Diluted EPS
$1.72
+35.0% 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
1,139
1,395
812
-18.3%
Capital expenditure
628
294
217
+113.8%
Free cash flow
510
1,101
594
-53.6%
Free cash flow margin
4.0%
10.4%
7.1%
Cash from investing
-627
-292
-215
Cash from financing
-975
155
-599
Depreciation and amortisation
270
217
196
+24.4%
Share-based compensation
47.6
37.3
31.1
+27.8%
Buybacks
799
343
533
+132.9%
Dividends paid
239
175
163
+36.8%
Dividend per share
$0.42
$0.30
$0.27
+38.7%
Diluted shares, weighted
579m
587m
604m
-1.4%
Shares outstanding at period end
566m
581m
591m
-2.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,003
1,924
1,567
+4.1%
Debt
986
984
396
+0.2%
Operating lease liabilities
2,575
2,221
2,001
+15.9%
Finance lease liabilities
32.8
33.1
30.4
-0.7%
Other liabilities
2,171
1,887
1,294
+15.0%
Total liabilities and equity
7,767
7,049
5,289
+10.2%
Fixed assets
1,618
1,249
1,164
+29.5%
Goodwill
32.4
10.3
10.3
+216.0%
Intangible assets
23.1
n/a
n/a
Cash and equivalents
878
1,342
84.2
-34.6%
Inventory
2,191
1,783
1,603
+22.9%
Other assets
3,025
2,665
2,428
+13.5%
Total assets
7,767
7,049
5,289
+10.2%
10-K for the year ended 25 December 2021, filed 17 February 2022: the filing.