ATR FY 2021 Earnings Report — AptarGroup, Inc. Revenue & Financial Results | Market Cap Arena

AptarGroup, Inc.ATR

FY 2021 Earnings

Reported February 18, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$3.2B	—	$2.9B	—	10.2%
Op. Income	$347M	—	$339M	—	2.3%
Gross Margin	35.8%	—	37.1%	—	-1.2pp
Net Margin	7.6%	—	7.3%	—	0.3pp
EPS (Diluted)	$3.60	—	$3.21	—	12.1%
Free Cash Flow	$56M	—	$318M	—	-82.6%

Revenue Flow

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$2.1B
GROSS PROFIT	$1.2B
R&D Expenses	$100M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$551M
Other Expenses	$158M
Operating Expenses	$809M
Cost & Expenses	$2.9B
OPERATING INCOME	$347M
Interest Income	$4M
Interest Expense	$30M
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$322M
Income Tax Expense	$78M
Net Income from Continuing Ops	$244M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$244M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$244M
D&A	$235M
EBIT	$352M
EBITDA	$587M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$2.1B
GROSS PROFIT	$1.2B
R&D Expenses	$100M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$551M
Other Expenses	$158M
Operating Expenses	$809M
Cost & Expenses	$2.9B
OPERATING INCOME	$347M
Interest Income	$4M
Interest Expense	$30M
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$322M
Income Tax Expense	$78M
Net Income from Continuing Ops	$244M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$244M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$244M
D&A	$235M
EBIT	$352M
EBITDA	$587M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$244M
Depreciation & Amortization	$235M
Stock-Based Compensation	$39M
Deferred Income Tax	-$14M
Other Non-Cash Items	$30M
Change in Working Capital	-$170M
OPERATING CASH FLOW	$363M
Capital Expenditure	-$308M
Acquisitions (Net)	-$148M
Purchases of Investments	-$7M
Sales/Maturities of Investments	$2M
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$457M
Net Debt Issuance	$37M
Common Stock Repurchased	-$78M
Common Dividends Paid	-$99M
Other Financing Activities	$58M
NET CASH FROM FINANCING	-$82M
FREE CASH FLOW	$56M
Net Change in Cash	-$182M

Balance Sheet

Item	Amount
Cash & Equivalents	$123M
Short-Term Investments	$740.0K
Net Receivables	$671M
Inventory	$441M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$1.3B
Goodwill	$974M
Intangible Assets	$362M
Long-Term Investments	$59M
Tax Assets	$0
Other Non-Current Assets	$49M
TOTAL NON-CURRENT ASSETS	$2.8B
TOTAL ASSETS	$4.1B
Account Payables	$285M
Short-Term Debt	$286M
Deferred Revenue	$87M
Other Current Liabilities	$195M
TOTAL CURRENT LIABILITIES	$982M
Long-Term Debt	$907M
Deferred Revenue NC	$22M
Deferred Tax Liabilities	$28M
Other Non-Current Liabilities	$170M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$2.2B
Common Stock	$704.0K
Additional Paid-In Capital	$917M
Retained Earnings	$1.8B
Treasury Stock	-$421M
Accum. Other Comp. Income	-$316M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$15M
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$1.2B
Net Debt	$1.1B