Victory Capital Holdings (VCTR) FY2021 results: revenue $890 million, up 14.8% on the year
Victory Capital Holdings, Inc. (VCTR) reported revenue of $890 million for fiscal 2021, the year ended 31 December 2021, up 14.8% on the year before. Net income was $278 million, up 31.0%, and diluted earnings per share $3.75. The figures are the company's own, from the 10-K it filed with the SEC on 14 March 2022.
Revenue
$890 million
+14.8% on the year
FY2015FY2021
Operating margin
42.0%
40.6% a year earlier
FY2015FY2021
Net income
$278 million
+31.0% on the year
FY2015FY2021
Diluted EPS
$3.75
+30.2% on the year
FY2015FY2021
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
376
251
227
+50.1%
Capital expenditure
12.7
8.1
5.2
+57.3%
Free cash flow
364
243
222
+49.9%
Free cash flow margin
40.8%
31.3%
36.3%
Cash from investing
-557
-12.3
-850
Cash from financing
227
-253
608
Depreciation and amortisation
18.8
16.4
23.9
+15.0%
Buybacks
31.5
29.9
15.5
+5.5%
Dividends paid
37.2
16.2
7.4
+128.9%
Dividend per share
$0.53
$0.23
$0.10
+130.4%
Diluted shares, weighted
74m
74m
73m
+0.6%
Shares outstanding at period end
69m
16m
n/a
+323.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
930
708
538
+31.4%
Debt
1,128
769
925
+46.7%
Other liabilities
522
254
291
+105.3%
Total liabilities and equity
2,580
1,731
1,753
+49.1%
Fixed assets
25.3
18.7
13.2
+34.9%
Goodwill
982
405
405
+142.6%
Intangible assets
1,350
1,163
1,175
+16.1%
Securities held for sale or to maturity
0.9
0.9
0.8
-1.1%
Trading assets
n/a
n/a
18.3
Cash and equivalents
69.5
22.7
37.1
+205.7%
Other assets
152
121
104
+26.0%
Total assets
2,580
1,731
1,753
+49.1%
10-K for the year ended 31 December 2021, filed 14 March 2022: the filing.