Wolverine World Wide (WWW) FY2021 results: revenue $2.4 billion, up 34.8% on the year
Wolverine World Wide Inc. (WWW) reported revenue of $2.4 billion for fiscal 2021, the year ended 1 January 2022, up 34.8% on the year before. Net income was $69 million, and diluted earnings per share $0.81. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$2.4 billion
+34.8% on the year
FY2014FY2021
Operating margin
6.4%
-7.7% a year earlier
FY2014FY2021
Net income
$69 million
FY2014FY2021
Diluted EPS
$0.81
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
86.8
309
223
-71.9%
Capital expenditure
17.6
10.3
34.4
+70.9%
Free cash flow
69.2
299
188
-76.8%
Free cash flow margin
2.9%
16.7%
8.3%
Cash from investing
-437
6.1
-61.5
Cash from financing
169
-154
-125
Depreciation and amortisation
33.2
32.8
32.7
+1.2%
Share-based compensation
38.1
28.9
24.5
+31.8%
Buybacks
39.6
21.0
319
+88.6%
Dividends paid
33.5
33.6
33.6
-0.3%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
83m
81m
87m
+2.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
630
561
767
+12.1%
Non-controlling interest
14.8
11.6
11.7
+27.6%
Debt
967
722
798
+33.8%
Operating lease liabilities
118
130
147
-9.3%
Other liabilities
857
712
756
+20.4%
Total liabilities and equity
2,586
2,137
2,480
+21.0%
Fixed assets
129
125
141
+3.5%
Goodwill
557
442
439
+25.8%
Intangible assets
74.6
73.0
77.8
+2.2%
Cash and equivalents
162
347
181
-53.5%
Receivables
320
268
331
+19.1%
Inventory
366
243
348
+50.3%
Other assets
979
639
962
+53.4%
Total assets
2,586
2,137
2,480
+21.0%
10-K for the year ended 1 January 2022, filed 24 February 2022: the filing.