Western Union (WU) FY2021 results: revenue $5.1 billion, up 4.9% on the year
Western Union Co. (WU) reported revenue of $5.1 billion for fiscal 2021, the year ended 31 December 2021, up 4.9% on the year before. Net income was $806 million, up 8.3%, and diluted earnings per share $1.97. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$5.1 billion
+4.9% on the year
FY2014FY2021
Operating margin
22.1%
20.0% a year earlier
FY2014FY2021
Net income
$806 million
+8.3% on the year
FY2014FY2021
Diluted EPS
$1.97
+10.1% 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
1,045
878
915
+19.1%
Capital expenditure
37.7
36.5
48.1
+3.3%
Free cash flow
1,008
841
866
+19.8%
Free cash flow margin
19.9%
17.4%
16.4%
Cash from investing
192
-374
167
Cash from financing
-1,270
-186
-1,484
Depreciation and amortisation
208
226
258
-7.7%
Share-based compensation
44.3
41.7
48.9
+6.2%
Buybacks
410
240
553
+71.0%
Dividends paid
382
370
341
+3.1%
Dividend per share
$0.94
$0.90
$0.80
+4.4%
Diluted shares, weighted
409m
415m
431m
-1.5%
Shares outstanding at period end
394m
411m
418m
-4.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
356
187
-39.5
+90.6%
Debt
3,008
3,067
3,229
-1.9%
Other liabilities
5,460
6,242
5,569
-12.5%
Total liabilities and equity
8,824
9,496
8,758
-7.1%
Fixed assets
129
150
236
-14.0%
Goodwill
2,035
2,567
2,567
-20.7%
Intangible assets
417
505
495
-17.4%
Securities held for sale or to maturity
1,399
1,991
1,698
-29.7%
Loans
1,175
1,135
n/a
+3.5%
Cash and equivalents
1,208
1,428
1,450
-15.4%
Other assets
2,460
1,720
2,312
+43.0%
Total assets
8,824
9,496
8,758
-7.1%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.