Archer-Daniels-Midland (ADM) FY2022 results: revenue $101.6 billion, up 19.1% on the year
Archer-Daniels-Midland Co. (ADM) reported revenue of $101.6 billion for fiscal 2022, the year ended 31 December 2022, up 19.1% on the year before. Net income was $4.3 billion, up 60.2%, and diluted earnings per share $7.71. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2023.
Revenue
$101.6 billion
+19.1% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$4.3 billion
+60.2% on the year
FY2015FY2022
Diluted EPS
$7.71
+61.0% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
3,478
6,595
-2,386
-47.3%
Capital expenditure
1,319
1,169
823
+12.8%
Free cash flow
2,159
5,426
-3,209
-60.2%
Free cash flow margin
2.1%
6.4%
-5.0%
Cash from investing
-1,400
-2,669
4,465
Cash from financing
-2,499
-1,118
-423
Depreciation and amortisation
1,028
996
976
+3.2%
Share-based compensation
147
161
151
-8.7%
Buybacks
1,450
0.0
133
Dividends paid
899
834
809
+7.8%
Dividend per share
$1.60
$1.48
$1.44
+8.1%
Diluted shares, weighted
563m
566m
563m
-0.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
24,317
22,508
20,022
+8.0%
Redeemable equity
299
259
74.0
+15.4%
Debt
9,180
9,539
9,929
-3.8%
Operating lease liabilities
816
765
863
+6.7%
Other liabilities
25,162
23,065
18,831
+9.1%
Total liabilities and equity
59,774
56,136
49,719
+6.5%
Fixed assets
9,933
9,803
9,779
+1.3%
Goodwill
4,162
4,182
3,451
-0.5%
Intangible assets
2,382
2,565
2,134
-7.1%
Cash and equivalents
1,037
943
666
+10.0%
Receivables
4,926
3,311
2,793
+48.8%
Inventory
14,771
14,481
11,713
+2.0%
Other assets
22,563
20,851
19,183
+8.2%
Total assets
59,774
56,136
49,719
+6.5%
10-K for the year ended 31 December 2022, filed 14 February 2023: the filing.