Assured Guaranty (AGO) FY2022 results: revenue $723 million, down 14.7% on the year
Assured Guaranty Ltd. (AGO) reported revenue of $723 million for fiscal 2022, the year ended 31 December 2022, down 14.7% on the year before. Net income was $124 million, down 68.1%, and diluted earnings per share $1.92. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2023.
Revenue
$723 million
-14.7% on the year
FY2015FY2022
Operating margin
25.9%
45.2% a year earlier
FY2015FY2022
Net income
$124 million
-68.1% on the year
FY2015FY2022
Diluted EPS
$1.92
-63.3% 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
-2,479
-1,937
-853
Cash from investing
1,740
23.0
788
+7,465.2%
Cash from financing
612
1,960
183
-68.8%
Buybacks
500
496
446
+0.8%
Dividends paid
64.0
66.0
69.0
-3.0%
Dividend per share
$1.00
$0.88
$0.80
+13.6%
Diluted shares, weighted
64m
74m
86m
-14.0%
Shares outstanding at period end
59m
68m
78m
-12.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
5,064
6,292
6,643
-19.5%
Non-controlling interest
228
186
41.0
+22.6%
Debt
1,675
1,673
1,224
+0.1%
Other liabilities
9,876
10,057
7,426
-1.8%
Total liabilities and equity
16,843
18,208
15,334
-7.5%
Goodwill
117
117
117
0.0%
Intangible assets
40.0
52.0
64.0
-23.1%
Investments
810
1,225
851
-33.9%
Cash and equivalents
207
342
298
-39.5%
Other assets
15,669
16,472
14,004
-4.9%
Total assets
16,843
18,208
15,334
-7.5%
10-K for the year ended 31 December 2022, filed 1 March 2023: the filing.