SGI FY 2021 Earnings Report — Somnigroup International Inc Revenue & Financial Results | Market Cap Arena

Somnigroup International IncSGI

FY 2021 Earnings

Reported December 31, 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	$4.9B	—	$3.7B	—	34.1%
Op. Income	$912M	—	$532M	—	71.5%
Gross Margin	43.8%	—	44.6%	—	-0.8pp
Net Margin	12.7%	—	9.5%	—	3.2pp
EPS (Diluted)	$3.06	—	$1.64	—	86.6%
Free Cash Flow	$600M	—	$543M	—	10.4%

Revenue Flow

Item	Amount
REVENUE	$4.9B
Cost of Revenue	$2.8B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$923M
General & Administrative	$354M
SG&A Expenses	$1.3B
Other Expenses	-$31M
Operating Expenses	$1.2B
Cost & Expenses	$4.0B
OPERATING INCOME	$912M
Interest Income	$0
Interest Expense	$66M
Other Income/Expenses	-$88M
INCOME BEFORE TAX	$824M
Income Tax Expense	$198M
Net Income from Continuing Ops	$626M
Net Income from Discontinued Ops	-$700.0K
Other Adjustments	$0
NET INCOME	$625M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$625M
D&A	$113M
EBIT	$890M
EBITDA	$1.0B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$4.9B
Cost of Revenue	$2.8B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$923M
General & Administrative	$354M
SG&A Expenses	$1.3B
Other Expenses	-$31M
Operating Expenses	$1.2B
Cost & Expenses	$4.0B
OPERATING INCOME	$912M
Interest Income	$0
Interest Expense	$66M
Other Income/Expenses	-$88M
INCOME BEFORE TAX	$824M
Income Tax Expense	$198M
Net Income from Continuing Ops	$626M
Net Income from Discontinued Ops	-$700.0K
Other Adjustments	$0
NET INCOME	$625M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$625M
D&A	$113M
EBIT	$890M
EBITDA	$1.0B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$625M
Depreciation & Amortization	$113M
Stock-Based Compensation	$0
Deferred Income Tax	$11M
Other Non-Cash Items	$64M
Change in Working Capital	-$91M
OPERATING CASH FLOW	$723M
Capital Expenditure	-$123M
Acquisitions (Net)	-$433M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$400.0K
NET CASH FROM INVESTING	-$556M
Net Debt Issuance	$954M
Common Stock Repurchased	-$816M
Common Dividends Paid	-$63M
Other Financing Activities	-$13M
NET CASH FROM FINANCING	$77M
FREE CASH FLOW	$600M
Net Change in Cash	$236M

Balance Sheet

Item	Amount
Cash & Equivalents	$301M
Short-Term Investments	$0
Net Receivables	$420M
Inventory	$464M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$1.1B
Goodwill	$1.1B
Intangible Assets	$751M
Long-Term Investments	$0
Tax Assets	$14M
Other Non-Current Assets	$112M
TOTAL NON-CURRENT ASSETS	$3.0B
TOTAL ASSETS	$4.3B
Account Payables	$432M
Short-Term Debt	$53M
Deferred Revenue	$52M
Other Current Liabilities	$206M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$2.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$129M
Other Non-Current Liabilities	$140M
TOTAL NON-CURRENT LIABILITIES	$3.0B
TOTAL LIABILITIES	$4.0B
Common Stock	$3M
Additional Paid-In Capital	$622M
Retained Earnings	$2.6B
Treasury Stock	-$2.8B
Accum. Other Comp. Income	-$99M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$286M
Minority Interest	$9M
TOTAL EQUITY	$295M
TOTAL LIABILITIES & EQUITY	$4.3B
Total Debt	$2.9B
Net Debt	$2.6B