Zoetis (ZTS) FY2021 results: revenue $7.8 billion, up 16.5% on the year
Zoetis Inc. (ZTS) reported revenue of $7.8 billion for fiscal 2021, the year ended 31 December 2021, up 16.5% on the year before. Net income was $2.0 billion, up 24.4%, and diluted earnings per share $4.27. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2022.
Revenue
$7.8 billion
+16.5% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$2.0 billion
+24.4% on the year
FY2014FY2021
Diluted EPS
$4.27
+24.9% 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
2,213
2,126
1,795
+4.1%
Capital expenditure
477
453
460
+5.3%
Free cash flow
1,736
1,673
1,335
+3.8%
Free cash flow margin
22.3%
25.1%
21.3%
Cash from investing
-458
-572
-504
Cash from financing
-1,862
123
-951
Depreciation and amortisation
448
441
412
+1.6%
Share-based compensation
58.0
59.0
67.0
-1.7%
Buybacks
743
250
626
+197.2%
Dividends paid
474
380
314
+24.7%
Dividend per share
$1.07
$0.85
$0.69
+26.5%
Diluted shares, weighted
477m
479m
482m
-0.4%
Shares outstanding at period end
473m
475m
476m
-0.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
4,543
3,769
2,708
+20.5%
Non-controlling interest
1.0
4.0
0.0
-75.0%
Short-term borrowings
0.0
4.0
0.0
Debt
6,592
7,195
6,447
-8.4%
Operating lease liabilities
151
163
164
-7.4%
Other liabilities
2,613
2,474
2,226
+5.6%
Total liabilities and equity
13,900
13,609
11,545
+2.1%
Fixed assets
2,422
2,202
1,940
+10.0%
Goodwill
2,682
2,694
2,592
-0.4%
Intangible assets
1,474
1,710
1,890
-13.8%
Investments
n/a
n/a
0.0
Cash and equivalents
3,485
3,604
1,934
-3.3%
Receivables
1,133
1,013
1,086
+11.8%
Inventory
1,923
1,628
1,410
+18.1%
Other assets
781
758
693
+3.0%
Total assets
13,900
13,609
11,545
+2.1%
10-K for the year ended 31 December 2021, filed 15 February 2022: the filing.