Moog 2021 Annual Overview - Report - Page 15
FINANCIAL REVIEW
I N V E S TO R I N F O R M AT I O N
(Dollars and shares in millions, except per share data)
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012*
2011*
SEGMENT SALES
AIRCRAFT CONTROLS
$ 1,161
$ 1,206
$ 1,303
$ 1,194
$ 1,125
$ 1,064
$ 1,087
$ 1,118
$ 1,060
$ 964
$ 850
$ 799
$ 770
$ 683
$ 581
$ 529
$ 499
$ 381
$ 395
$ 396
$ 359
$ 356
$ 892
$ 909
$ 918
$ 935
$ 843
$ 849
$ 522
$ 591
$ 592
$ 634
$ 629
–
–
–
–
–
–
$ 536
$ 545
$ 563
$ 514
$ 495
$ 2,852
$ 2,885
$ 2,905
$ 2,709
$ 2,498
$ 2,412
$ 2,526
$ 2,648
$ 2,610
$ 2,470
$ 2,331
$ 204
$5
$ 227
$ 184
$ 182
$ 173
$ 184
$ 219
$ 165
$ 209
$ 184
N/A
$ 197
N/A
$ 221
–
–
–
–
–
–
–
$ 157
$9
$ 175
$ 97
$ 141
$ 127
$ 132
$ 158
$ 120
$ 152
$ 136
N/A
$ 157
N/A
$ 165
–
–
–
–
–
–
–
5.5%
0.3%
6.0%
3.5%
5.7%
5.3%
5.2%
6.0%
4.6%
6.2%
5.8%
BASIC EPS
$ 4.90
$ 0.28
$ 5.01
$ 2.67
$ 3.99
$ 3.49
$ 3.39
$ 3.57
$ 2.66
$ 3.37
$ 2.99
DILUTED EPS
$ 4.87
$ 0.28
$ 4.96
$ 2.64
$ 3.95
$ 3.47
$ 3.35
$ 3.52
$ 2.63
$ 3.33
$ 2.95
N/A
$ 4.81
N/A
$ 4.57
–
–
–
–
–
–
–
SPACE AND DEFENSE 1
INDUSTRIAL
SYSTEMS 1
COMPONENTS1
NET SALES
EARNINGS BEFORE TAXES
ADJUSTED EARNINGS BEFORE TAXES2
NET EARNINGS
ADJUSTED NET EARNINGS2
NET RETURN ON SALES
EARNINGS PER SHARE
ADJUSTED EPS 2
DILUTED WEIGHTED-AVERAGE
SHARES OUTSTANDING (in millions)
New York Stock Exchange
Our Annual Meeting will be held on February 8, 2022. For more information
go to www.moog.com/proxy.
Our two classes of common shares are traded on the New York Stock
Exchange under the ticker symbols MOG.A and MOG.B.
Reports
Electronic Information
Shareholders have electronic access to our annual report / Form 10-K and
Proxy Statement. Hard copies of these and our other public reports are
available by contacting us via email, telephone or letter at:
We have a website for investors which includes:
• Press releases
• Financial results and archived webcasts
• SEC filings
• Corporate governance and ESG information
• Answers to frequently asked questions
• Transfer agent information
Investor Relations
Moog Inc.
East Aurora, New York 14052-0018
Phone: 716-687-4225
Email: investorrelations@moog.com
Please visit http://www.moog.com/investors
Shareholders who hold Moog stock with a broker or bank nominee and wish
to receive press releases via e-mail should contact Investor Relations.
Note that not all information contained on our website is incorporated into this
annual overview or our other SEC filings.
Transfer Agent and Registrar
Affirmative Action Program
Equiniti (EQ) Shareowner Services is the stock transfer agent and registrar
maintaining shareholder accounting and ownership records, dividend history
and tax forms.
In recognition of our role as a contributing corporate citizen, we have adopted
all programs and procedures in our Affirmative Action Program as a matter of
Corporate policy.
Please direct inquiries to:
EQ Shareowner Services MAC N9173-010
1110 Centre Pointe Curve, Suite 101
Mendota Heights, MN 55120
Toll Free: 1-800-468-9716
Data Privacy
Moog Inc. is committed to protecting personal data in accordance with its responsibilities
under U.S. and worldwide privacy regulations, including the General Data Protection
Regulation (GDPR).
Photographic Images
Secure online access is available at www.shareowneronline.com.
32.3
33.4
35.2
36.1
36.2
36.5
39.3
45.0
45.8
45.7
46.0
RESEARCH AND DEVELOPMENT
$ 126
$ 111
$ 126
$ 130
$ 144
$ 147
$ 132
$ 139
$ 135
$ 116
$ 106
CAPITAL EXPENDITURES
$ 129
$ 88
$ 118
$ 95
$ 76
$ 67
$ 81
$ 79
$ 93
$ 107
$ 84
$ 90
$ 87
$ 85
$ 89
$ 90
$ 99
$ 104
$ 109
$ 108
$ 101
$ 96
$ 3,433
$ 3,226
$ 3,114
$ 2,964
$ 3,091
$ 3,005
$ 3,037
$ 3,140
$ 3,151
$ 3,106
$ 2,843
WORKING CAPITAL
$ 849
$ 903
$ 901
$ 798
$ 997
$ 938
$ 931
$ 849
$ 834
$ 885
$ 834
INDEBTEDNESS – TOTAL
$ 904
$ 930
$ 833
$ 863
$ 957
$ 1,006
$ 1,070
$ 872
$ 706
$ 765
$ 725
SHAREHOLDERS’ EQUITY
$ 1,400
$ 1,243
$ 1,322
$ 1,225
$ 1,214
$ 988
$ 995
$ 1,347
$ 1,536
$ 1,305
$ 1,192
BACKLOG (12 month)
$ 2,100
$ 1,658
$ 1,502
$ 1,481
$ 1,212
$ 1,225
$ 1,273
$ 1,340
$ 1,296
$ 1,279
$ 1,325
NUMBER OF FULL-TIME
EMPLOYEES
12,847
12,623
12,809
11,787
10,675
10,497
10,691
11,031
11,152
10,976
10,320
DEPRECIATION AND AMORTIZATION
Annual Meeting of Shareholders
The appearance of U.S. Department of Defense (DoD) visual information does not
imply or constitute DoD endorsement. NASA images incorporated do not imply
endorsement by NASA.
Independent Auditors
Ernst & Young LLP
AT YEAR END
TOTAL ASSETS
The former Components segment has been divided and merged into the Space and Defense and Industrial Systems segments.
2018 adjusted EPS of $4.57 excludes the impact of charges associated with exiting the wind pitch controls business and special impacts
from the U.S. Tax Act.
2
2020 adjusted EPS of $4.81 excludes the impact of per share charges associated with the COVID-19 pandemic ($1.68) and pension settlement
accounting ($2.85).
1
2
14
* Not restated for Total Assets, Working Capital and Indebtedness.
Amounts may not equal the total due to rounding.
Front Cover:
Moog senior manufacturing engineer Aaron Ramos inspecting an A350 primary flight control actuation system manifold in Moog’s East Aurora, NY
automated manufacturing cell
moog
2021
|
ANNUAL REPORT
Back Cover:
Moog model shop, East Aurora, NY, late 1950s
Design and production by Moog Creative Media
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