Walker & Dunlop (WD) FY2021 results: revenue $1.3 billion, up 16.2% on the year
Walker & Dunlop, Inc. (WD) reported revenue of $1.3 billion for fiscal 2021, the year ended 31 December 2021, up 16.2% on the year before. Net income was $266 million, up 8.0%, and diluted earnings per share $8.15. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$1.3 billion
+16.2% on the year
FY2014FY2021
Operating margin
28.0%
30.5% a year earlier
FY2014FY2021
Net income
$266 million
+8.0% on the year
FY2014FY2021
Diluted EPS
$8.15
+6.0% 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
870
-1,411
428
Capital expenditure
9.2
3.0
4.7
+208.7%
Free cash flow
861
-1,414
423
Free cash flow margin
68.4%
-130.5%
51.7%
Cash from investing
-378
115
-79.7
Cash from financing
-458
1,518
-332
Depreciation and amortisation
210
169
152
+24.4%
Share-based compensation
36.6
28.3
24.1
+29.2%
Buybacks
18.9
45.8
30.7
-58.8%
Dividends paid
64.5
45.4
37.3
+42.1%
Dividend per share
$2.00
$1.44
$1.20
+38.9%
Diluted shares, weighted
32m
31m
31m
+1.4%
Shares outstanding at period end
32m
31m
30m
+4.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,550
1,196
1,036
+29.6%
Non-controlling interest
28.1
n/a
6.6
Debt
740
292
294
+153.8%
Other liabilities
2,888
3,163
1,339
-8.7%
Total liabilities and equity
5,206
4,651
2,675
+11.9%
Fixed assets
72.7
n/a
n/a
Goodwill
699
249
180
+180.6%
Intangible assets
184
1.9
719
+9,682.1%
Loans
269
360
544
-25.3%
Cash and equivalents
306
321
121
-4.8%
Other assets
3,676
3,719
1,112
-1.1%
Total assets
5,206
4,651
2,675
+11.9%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.