BDC FY 2021 Earnings Report — Belden Inc. Revenue & Financial Results | Market Cap Arena

FY 2021 Earnings

Reported February 15, 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	$2.3B	—	$1.8B	—	31.3%
Op. Income	$264M	—	$150M	—	75.7%
Gross Margin	33.5%	—	32.9%	—	0.7pp
Net Margin	2.8%	—	-3.1%	—	5.9pp
EPS (Diluted)	$1.41	—	$1.21	—	16.5%
Free Cash Flow	$181M	—	$83M	—	117.8%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.5B
GROSS PROFIT	$772M
R&D Expenses	$90M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$378M
Other Expenses	$40M
Operating Expenses	$508M
Cost & Expenses	$2.0B
OPERATING INCOME	$264M
Interest Income	$0
Interest Expense	$63M
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$227M
Income Tax Expense	$28M
Net Income from Continuing Ops	$199M
Net Income from Discontinued Ops	-$135M
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$88M
EBIT	$289M
EBITDA	$377M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.5B
GROSS PROFIT	$772M
R&D Expenses	$90M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$378M
Other Expenses	$40M
Operating Expenses	$508M
Cost & Expenses	$2.0B
OPERATING INCOME	$264M
Interest Income	$0
Interest Expense	$63M
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$227M
Income Tax Expense	$28M
Net Income from Continuing Ops	$199M
Net Income from Discontinued Ops	-$135M
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$88M
EBIT	$289M
EBITDA	$377M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$64M
Depreciation & Amortization	$88M
Stock-Based Compensation	$23M
Deferred Income Tax	$0
Other Non-Cash Items	$282M
Change in Working Capital	-$184M
OPERATING CASH FLOW	$272M
Capital Expenditure	-$91M
Acquisitions (Net)	-$73M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$72M
NET CASH FROM INVESTING	-$92M
Net Debt Issuance	-$7M
Common Stock Repurchased	-$6M
Common Dividends Paid	-$9M
Other Financing Activities	-$11M
NET CASH FROM FINANCING	-$33M
FREE CASH FLOW	$181M
Net Change in Cash	$142M

Balance Sheet

Item	Amount
Cash & Equivalents	$642M
Short-Term Investments	$0
Net Receivables	$383M
Inventory	$345M
Other Current Assets	$507M
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$419M
Goodwill	$821M
Intangible Assets	$238M
Long-Term Investments	$0
Tax Assets	$32M
Other Non-Current Assets	$30M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$3.4B
Account Payables	$378M
Short-Term Debt	$0
Deferred Revenue	$12M
Other Current Liabilities	$122M
TOTAL CURRENT LIABILITIES	$753M
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$51M
Other Non-Current Liabilities	$136M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$2.5B
Common Stock	$503.0K
Additional Paid-In Capital	$834M
Retained Earnings	$506M
Treasury Stock	-$314M
Accum. Other Comp. Income	-$71M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$955M
Minority Interest	$795.0K
TOTAL EQUITY	$956M
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$1.5B
Net Debt	$897M