Westinghouse Air Brake Technologies (WAB) FY2021 results: revenue $7.8 billion, up 3.5% on the year
Westinghouse Air Brake Technologies Corp. (WAB) reported revenue of $7.8 billion for fiscal 2021, the year ended 31 December 2021, up 3.5% on the year before. Net income was $558 million, up 34.7%, and diluted earnings per share $2.96. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$7.8 billion
+3.5% on the year
FY2014FY2021
Operating margin
11.2%
9.9% a year earlier
FY2014FY2021
Net income
$558 million
+34.7% on the year
FY2014FY2021
Diluted EPS
$2.96
+36.4% 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
1,073
784
1,016
+36.9%
Capital expenditure
130
136
186
-4.4%
Free cash flow
943
648
830
+45.6%
Free cash flow margin
12.1%
8.6%
10.1%
Cash from investing
-540
-155
-3,178
Cash from financing
-653
-619
462
Depreciation and amortisation
491
473
401
+3.7%
Share-based compensation
46.0
20.0
50.0
+130.0%
Buybacks
300
207
0.0
+44.8%
Dividends paid
92.0
93.0
82.0
-1.1%
Dividend per share
$0.48
$0.48
$0.48
0.0%
Diluted shares, weighted
188m
190m
177m
-1.2%
Shares outstanding at period end
186m
189m
192m
-1.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
10,201
10,122
9,956
+0.8%
Non-controlling interest
38.0
30.0
37.1
+26.7%
Debt
4,058
4,239
4,429
-4.3%
Other liabilities
4,157
4,063
4,521
+2.3%
Total liabilities and equity
18,454
18,454
18,944
-0.0%
Fixed assets
1,497
1,602
1,656
-6.5%
Goodwill
8,587
8,485
8,361
+1.2%
Intangible assets
3,705
3,869
4,104
-4.2%
Cash and equivalents
473
599
604
-21.0%
Receivables
1,085
969
1,150
+11.9%
Inventory
1,689
1,642
1,773
+2.9%
Other assets
1,418
1,288
1,297
+10.1%
Total assets
18,454
18,454
18,944
-0.0%
10-K for the year ended 31 December 2021, filed 17 February 2022: the filing.