ESI FY 2021 Earnings Report — Element Solutions Inc Revenue & Financial Results | Market Cap Arena

Element Solutions IncESI

FY 2021 Earnings

Reported February 23, 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	$2.4B	—	$1.9B	—	29.5%
Op. Income	$300M	—	$233M	—	28.9%
Gross Margin	40.0%	—	42.4%	—	-2.4pp
Net Margin	8.5%	—	4.1%	—	4.4pp
EPS (Diluted)	$0.82	—	$0.30	—	173.3%
Free Cash Flow	$276M	—	$233M	—	18.8%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.4B
GROSS PROFIT	$961M
R&D Expenses	$50M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$611M
Other Expenses	$0
Operating Expenses	$661M
Cost & Expenses	$2.1B
OPERATING INCOME	$300M
Interest Income	$0
Interest Expense	$54M
Other Income/Expenses	-$48M
INCOME BEFORE TAX	$252M
Income Tax Expense	$48M
Net Income from Continuing Ops	$203M
Net Income from Discontinued Ops	$300.0K
Other Adjustments	$0
NET INCOME	$203M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$203M
D&A	$164M
EBIT	$312M
EBITDA	$476M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.4B
GROSS PROFIT	$961M
R&D Expenses	$50M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$611M
Other Expenses	$0
Operating Expenses	$661M
Cost & Expenses	$2.1B
OPERATING INCOME	$300M
Interest Income	$0
Interest Expense	$54M
Other Income/Expenses	-$48M
INCOME BEFORE TAX	$252M
Income Tax Expense	$48M
Net Income from Continuing Ops	$203M
Net Income from Discontinued Ops	$300.0K
Other Adjustments	$0
NET INCOME	$203M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$203M
D&A	$164M
EBIT	$312M
EBITDA	$476M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$203M
Depreciation & Amortization	$164M
Stock-Based Compensation	$40M
Deferred Income Tax	$0
Other Non-Cash Items	-$22M
Change in Working Capital	-$63M
OPERATING CASH FLOW	$323M
Capital Expenditure	-$46M
Acquisitions (Net)	-$537M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$14M
NET CASH FROM INVESTING	-$569M
Net Debt Issuance	$388M
Common Stock Repurchased	-$20M
Common Dividends Paid	-$62M
Other Financing Activities	-$17M
NET CASH FROM FINANCING	$290M
FREE CASH FLOW	$276M
Net Change in Cash	$38M

Balance Sheet

Item	Amount
Cash & Equivalents	$330M
Short-Term Investments	$0
Net Receivables	$492M
Inventory	$274M
Other Current Assets	$88M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$278M
Goodwill	$2.5B
Intangible Assets	$957M
Long-Term Investments	$12M
Tax Assets	$82M
Other Non-Current Assets	$69M
TOTAL NON-CURRENT ASSETS	$3.9B
TOTAL ASSETS	$5.1B
Account Payables	$138M
Short-Term Debt	$13M
Deferred Revenue	$0
Other Current Liabilities	$90M
TOTAL CURRENT LIABILITIES	$415M
Long-Term Debt	$1.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$140M
Other Non-Current Liabilities	$146M
TOTAL NON-CURRENT LIABILITIES	$2.2B
TOTAL LIABILITIES	$2.6B
Common Stock	$3M
Additional Paid-In Capital	$4.2B
Retained Earnings	-$1.3B
Treasury Stock	-$159M
Accum. Other Comp. Income	-$197M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$20M
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$2.0B
Net Debt	$1.6B