Vulcan Materials (VMC) FY2021 results: revenue $5.6 billion, up 14.3% on the year
Vulcan Materials Co. (VMC) reported revenue of $5.6 billion for fiscal 2021, the year ended 31 December 2021, up 14.3% on the year before. Net income was $671 million, up 14.8%, and diluted earnings per share $5.02. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$5.6 billion
+14.3% on the year
FY2014FY2021
Operating margin
18.2%
18.4% a year earlier
FY2014FY2021
Net income
$671 million
+14.8% on the year
FY2014FY2021
Diluted EPS
$5.02
+14.4% 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
1,012
1,070
984
-5.5%
Capital expenditure
451
362
384
+24.6%
Free cash flow
561
708
600
-20.8%
Free cash flow margin
10.1%
14.6%
12.2%
Cash from investing
-1,874
-382
-416
Cash from financing
-94.3
235
-338
Depreciation and amortisation
463
397
375
+16.7%
Share-based compensation
34.7
33.0
31.8
+5.2%
Buybacks
0.0
26.1
2.6
Dividends paid
196
180
164
+9.0%
Dividend per share
$1.48
$1.36
$1.24
+8.8%
Diluted shares, weighted
134m
133m
133m
+0.2%
Shares outstanding at period end
133m
133m
132m
+0.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
6,545
6,027
5,622
+8.6%
Non-controlling interest
22.7
0.0
0.0
Short-term borrowings
0.0
0.0
0.0
Debt
3,880
3,288
2,784
+18.0%
Operating lease liabilities
642
400
388
+60.8%
Finance lease liabilities
60.5
4.1
0.7
+1,375.6%
Other liabilities
2,532
1,968
1,854
+28.6%
Total liabilities and equity
13,683
11,687
10,649
+17.1%
Fixed assets
5,547
4,426
4,316
+25.3%
Goodwill
3,697
3,172
3,167
+16.5%
Intangible assets
1,749
1,124
1,091
+55.7%
Cash and equivalents
235
1,197
272
-80.4%
Receivables
783
513
532
+52.7%
Inventory
521
449
458
+16.2%
Other assets
1,151
807
812
+42.6%
Total assets
13,683
11,687
10,649
+17.1%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.