Vornado Realty Trust (VNO) FY2021 results: revenue $1.6 billion, up 4.0% on the year
Vornado Realty Trust (VNO) reported revenue of $1.6 billion for fiscal 2021, the year ended 31 December 2021, up 4.0% on the year before. Net income was $176 million, and diluted earnings per share $0.53. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2022.
Revenue
$1.6 billion
+4.0% on the year
FY2014FY2021
Operating margin
13.9%
FY2014FY2021
Net income
$176 million
FY2014FY2021
Diluted EPS
$0.53
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
762
424
663
+79.6%
Capital expenditure
3.0
1.2
69.7
+159.5%
Free cash flow
759
423
593
+79.4%
Free cash flow margin
47.7%
27.7%
30.8%
Cash from investing
-532
-87.8
2,463
Cash from financing
-29.5
-213
-2,236
Depreciation and amortisation
433
418
439
+3.5%
Share-based compensation
38.3
48.7
53.9
-21.3%
Buybacks
0.0
n/a
n/a
Dividends paid
406
827
504
-50.9%
Dividend per share
$2.12
$2.38
$1.95
-10.9%
Diluted shares, weighted
192m
191m
191m
+0.5%
Shares outstanding at period end
192m
191m
191m
+0.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
6,236
6,533
6,732
-4.5%
Non-controlling interest
279
415
579
-32.8%
Redeemable equity
689
606
889
+13.6%
Debt
8,616
7,399
1,767
+16.4%
Other liabilities
1,447
1,268
8,320
+14.1%
Total liabilities and equity
17,267
16,222
18,287
+6.4%
Intangible assets
155
23.9
31.0
+549.3%
Investments
0.0
n/a
n/a
Cash and equivalents
1,760
1,624
1,515
+8.4%
Other assets
15,351
14,573
16,741
+5.3%
Total assets
17,267
16,222
18,287
+6.4%
10-K for the year ended 31 December 2021, filed 14 February 2022: the filing.