Weyerhaeuser (WY) FY2021 results: revenue $10.2 billion, up 35.4% on the year
Weyerhaeuser Co. (WY) reported revenue of $10.2 billion for fiscal 2021, the year ended 31 December 2021, up 35.4% on the year before. Net income was $2.6 billion, up 227.1%, and diluted earnings per share $3.47. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2022.
Revenue
$10.2 billion
+35.4% on the year
FY2014FY2021
Operating margin
35.7%
22.7% a year earlier
FY2014FY2021
Net income
$2.6 billion
+227.1% on the year
FY2014FY2021
Diluted EPS
$3.47
+224.3% 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
3,159
1,529
966
+106.6%
Capital expenditure
55.0
56.0
57.0
-1.8%
Free cash flow
3,104
1,473
909
+110.7%
Free cash flow margin
30.4%
19.6%
13.9%
Cash from investing
-325
185
187
Cash from financing
-1,330
-1,358
-1,348
Depreciation and amortisation
477
472
510
+1.1%
Share-based compensation
30.0
30.0
30.0
0.0%
Buybacks
100
0.0
60.0
Dividends paid
884
381
1,013
+132.0%
Dividend per share
$1.18
$0.51
$1.36
+131.4%
Diluted shares, weighted
751m
748m
746m
+0.4%
Shares outstanding at period end
747m
747m
745m
-0.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
10,767
8,731
8,177
+23.3%
Debt
5,099
5,475
6,377
-6.9%
Operating lease liabilities
90.0
95.0
103
-5.3%
Finance lease liabilities
8.0
12.0
20.0
-33.3%
Other liabilities
1,688
1,998
1,729
-15.5%
Total liabilities and equity
17,652
16,311
16,406
+8.2%
Fixed assets
2,057
2,013
1,969
+2.2%
Cash and equivalents
1,879
495
139
+279.6%
Receivables
507
450
309
+12.7%
Inventory
520
443
416
+17.4%
Other assets
12,689
12,910
13,573
-1.7%
Total assets
17,652
16,311
16,406
+8.2%
10-K for the year ended 31 December 2021, filed 18 February 2022: the filing.