AYI FY 2021 Earnings Report — Acuity Brands, Inc. Revenue & Financial Results | Market Cap Arena

Acuity Brands, Inc.AYI

FY 2021 Earnings

Reported October 27, 2021

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	$3.5B	—	$3.3B	—	4.0%
Op. Income	$428M	—	$354M	—	20.8%
Gross Margin	42.6%	—	42.2%	—	0.5pp
Net Margin	8.9%	—	7.5%	—	1.4pp
EPS (Diluted)	$8.37	—	$6.27	—	33.5%
Free Cash Flow	$365M	—	$450M	—	-18.9%

Revenue Flow

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.5B
R&D Expenses	$88M
Selling & Marketing	$1.0B
General & Administrative	$0
SG&A Expenses	$1.0B
Other Expenses	-$85M
Operating Expenses	$1.0B
Cost & Expenses	$3.0B
OPERATING INCOME	$428M
Interest Income	$1M
Interest Expense	$24M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$396M
Income Tax Expense	$90M
Net Income from Continuing Ops	$306M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$306M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$306M
D&A	$100M
EBIT	$420M
EBITDA	$521M
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.5B
R&D Expenses	$88M
Selling & Marketing	$1.0B
General & Administrative	$0
SG&A Expenses	$1.0B
Other Expenses	-$85M
Operating Expenses	$1.0B
Cost & Expenses	$3.0B
OPERATING INCOME	$428M
Interest Income	$1M
Interest Expense	$24M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$396M
Income Tax Expense	$90M
Net Income from Continuing Ops	$306M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$306M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$306M
D&A	$100M
EBIT	$420M
EBITDA	$521M
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$306M
Depreciation & Amortization	$100M
Stock-Based Compensation	$33M
Deferred Income Tax	-$3M
Other Non-Cash Items	$6M
Change in Working Capital	-$33M
OPERATING CASH FLOW	$409M
Capital Expenditure	-$44M
Acquisitions (Net)	-$75M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$118M
Net Debt Issuance	$93M
Common Stock Repurchased	-$435M
Common Dividends Paid	-$19M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$363M
FREE CASH FLOW	$365M
Net Change in Cash	-$69M

Balance Sheet

Item	Amount
Cash & Equivalents	$491M
Short-Term Investments	$0
Net Receivables	$572M
Inventory	$399M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$327M
Goodwill	$1.1B
Intangible Assets	$573M
Long-Term Investments	$5M
Tax Assets	$2M
Other Non-Current Assets	$29M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$3.6B
Account Payables	$392M
Short-Term Debt	$0
Deferred Revenue	$8M
Other Current Liabilities	$263M
TOTAL CURRENT LIABILITIES	$692M
Long-Term Debt	$494M
Deferred Revenue NC	$57M
Deferred Tax Liabilities	$101M
Other Non-Current Liabilities	$140M
TOTAL NON-CURRENT LIABILITIES	$838M
TOTAL LIABILITIES	$1.5B
Common Stock	$500.0K
Additional Paid-In Capital	$996M
Retained Earnings	$2.8B
Treasury Stock	-$1.7B
Accum. Other Comp. Income	-$98M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$3.6B
Total Debt	$557M
Net Debt	$66M