Essential Utilities (WTRG) FY2021 results: revenue $1.9 billion, up 28.4% on the year
Essential Utilities, Inc. (WTRG) reported revenue of $1.9 billion for fiscal 2021, the year ended 31 December 2021, up 28.4% on the year before. Net income was $432 million, up 51.5%, and diluted earnings per share $1.67. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2022.
Revenue
$1.9 billion
+28.4% on the year
FY2014FY2021
Operating margin
32.1%
29.7% a year earlier
FY2014FY2021
Net income
$432 million
+51.5% on the year
FY2014FY2021
Diluted EPS
$1.67
+49.1% 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
645
508
339
+26.9%
Cash from investing
-1,056
-4,334
-605
Cash from financing
417
1,962
2,131
-78.7%
Depreciation and amortisation
298
257
156
+15.9%
Share-based compensation
10.1
8.2
7.4
+23.5%
Buybacks
3.3
4.4
1.9
-24.6%
Dividends paid
259
233
189
+11.2%
Dividend per share
$1.04
$0.97
$0.91
+7.0%
Diluted shares, weighted
258m
255m
216m
+1.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
5,184
4,684
3,881
+10.7%
Debt
5,977
5,670
3,074
+5.4%
Operating lease liabilities
48.2
55.6
11.6
-13.3%
Other liabilities
3,449
3,295
2,395
+4.7%
Total liabilities and equity
14,658
13,705
9,362
+7.0%
Fixed assets
10,252
9,513
6,346
+7.8%
Goodwill
2,341
2,325
63.8
+0.7%
Intangible assets
5.8
7.2
n/a
-20.4%
Securities held for sale or to maturity
28.6
25.8
n/a
+10.8%
Cash and equivalents
10.6
4.8
1,869
+118.9%
Receivables
141
155
67.1
-8.9%
Inventory
n/a
n/a
18.4
Other assets
1,880
1,675
998
+12.2%
Total assets
14,658
13,705
9,362
+7.0%
10-K for the year ended 31 December 2021, filed 1 March 2022: the filing.