Dentsply Sirona (XRAY) FY2021 results: revenue $4.2 billion, up 26.6% on the year
Dentsply Sirona Inc. (XRAY) reported revenue of $4.2 billion for fiscal 2021, the year ended 31 December 2021, up 26.6% on the year before. Net income was $411 million, and diluted earnings per share $1.87. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2022.
Revenue
$4.2 billion
+26.6% on the year
FY2014FY2021
Operating margin
14.4%
-0.1% a year earlier
FY2014FY2021
Net income
$411 million
FY2014FY2021
Diluted EPS
$1.87
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
657
649
639
+1.2%
Capital expenditure
142
87.0
123
+63.2%
Free cash flow
515
562
516
-8.4%
Free cash flow margin
12.2%
16.8%
12.8%
Cash from investing
-358
-1,106
-69.0
Cash from financing
-379
476
-472
Depreciation and amortisation
347
334
323
+3.9%
Share-based compensation
48.0
47.0
66.0
+2.1%
Buybacks
200
140
260
+42.9%
Dividends paid
92.0
88.0
80.9
+4.5%
Dividend per share
$0.43
$0.40
$0.38
+7.5%
Diluted shares, weighted
220m
219m
224m
+0.5%
Shares outstanding at period end
217m
219m
221m
-0.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
4,996
4,932
5,092
+1.3%
Non-controlling interest
1.0
3.0
2.0
-66.7%
Debt
2,095
2,284
1,438
-8.3%
Operating lease liabilities
149
130
120
+14.6%
Finance lease liabilities
1.0
1.0
1.0
0.0%
Other liabilities
1,997
1,992
1,950
+0.3%
Total liabilities and equity
9,239
9,342
8,603
-1.1%
Fixed assets
773
791
802
-2.3%
Goodwill
3,976
3,986
3,396
-0.3%
Intangible assets
2,319
2,504
2,176
-7.4%
Cash and equivalents
339
438
405
-22.6%
Inventory
515
476
562
+8.2%
Other assets
1,317
1,147
1,261
+14.8%
Total assets
9,239
9,342
8,603
-1.1%
10-K for the year ended 31 December 2021, filed 1 March 2022: the filing.