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Veralto (VLTO) FY2021 results: revenue $4.7 billion

Veralto Corp. (VLTO) reported revenue of $4.7 billion for fiscal 2021, the year ended 31 December 2021. Net income was $861 million, and diluted earnings per share $3.50. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2024.

Revenue
$4.7 billion
FY2021FY2021
Operating margin
22.1%
FY2021FY2021
Net income
$861 million
FY2021FY2021
Diluted EPS
$3.50
FY2021FY2021

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2021Last 8 years
Revenue4,700
Cost of revenue1,987
Gross profit2,713
Gross margin57.7%
Research and development244
Selling, general and administrative1,428
Operating income1,041
Operating margin22.1%
Interest expense0.0
Pre-tax income1,047
Income tax186
Effective tax rate17.8%
Net income861
Net margin18.3%
Diluted EPS$3.50
$ 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

$ millionFY2021Last 8 years
Operating cash flow896
Capital expenditure54.0
Free cash flow842
Free cash flow margin17.9%
Cash from investing-97.0
Cash from financing-799
Depreciation and amortisation106
Share-based compensation34.0
Diluted shares, weighted246m

Balance sheet

$ millionFY2021Last 8 years
Fixed assets260
Goodwill2,502
Cash and equivalents0.0
Other assets2,078
Total assets4,840

10-K for the year ended 31 December 2021, filed 28 February 2024: the filing.