Textron (TXT) FY2021 results: revenue $12.4 billion, up 6.3% on the year
Textron Inc. (TXT) reported revenue of $12.4 billion for fiscal 2021, the year ended 1 January 2022, up 6.3% on the year before. Net income was $746 million, up 141.4%, and diluted earnings per share $3.30. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$12.4 billion
+6.3% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$746 million
+141.4% on the year
FY2014FY2021
Diluted EPS
$3.30
+144.4% 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
1,598
768
1,014
+108.1%
Capital expenditure
375
317
339
+18.3%
Free cash flow
1,223
451
675
+171.2%
Free cash flow margin
9.9%
3.9%
5.0%
Cash from investing
-281
-248
-266
Cash from financing
-1,446
360
-502
Depreciation and amortisation
390
391
416
-0.3%
Share-based compensation
138
57.0
52.0
+142.1%
Buybacks
921
183
503
+403.3%
Dividends paid
18.0
18.0
18.0
0.0%
Dividend per share
$0.08
$0.08
$0.08
0.0%
Diluted shares, weighted
227m
229m
233m
-1.1%
Shares outstanding at period end
217m
226m
228m
-4.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
6,815
5,845
5,518
+16.6%
Debt
3,767
4,369
n/a
-13.8%
Operating lease liabilities
325
306
233
+6.2%
Finance lease liabilities
n/a
38.0
40.0
Other liabilities
4,920
4,885
9,227
+0.7%
Total liabilities and equity
15,827
15,443
15,018
+2.5%
Fixed assets
2,538
2,516
2,527
+0.9%
Intangible assets
438
489
589
-10.4%
Cash and equivalents
2,117
2,254
1,357
-6.1%
Inventory
3,468
3,513
4,069
-1.3%
Other assets
7,266
6,671
6,476
+8.9%
Total assets
15,827
15,443
15,018
+2.5%
10-K for the year ended 1 January 2022, filed 17 February 2022: the filing.