Andersons (ANDE) FY2022 results: revenue $17.3 billion, up 37.4% on the year
Andersons, Inc. (ANDE) reported revenue of $17.3 billion for fiscal 2022, the year ended 31 December 2022, up 37.4% on the year before. Net income was $131 million, up 26.1%, and diluted earnings per share $3.81. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$17.3 billion
+37.4% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$131 million
+26.1% on the year
FY2015FY2022
Diluted EPS
$3.81
+24.1% 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
287
-51.0
-74.4
Capital expenditure
108
75.8
77.1
+42.9%
Free cash flow
179
-127
-152
Free cash flow margin
1.0%
-1.0%
-1.9%
Cash from investing
-52.9
487
-86.8
Cash from financing
-335
-249
136
Depreciation and amortisation
135
179
189
-24.7%
Share-based compensation
11.2
11.0
10.2
+1.4%
Buybacks
12.7
0.0
0.0
Dividends paid
24.6
23.7
23.0
+3.6%
Dividend per share
$0.72
$0.70
$0.70
+2.8%
Diluted shares, weighted
34m
34m
33m
+1.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,199
1,072
962
+11.8%
Non-controlling interest
231
235
199
-1.7%
Debt
875
1,135
1,360
-22.9%
Operating lease liabilities
37.1
31.3
19.8
+18.6%
Finance lease liabilities
8.4
10.8
22.5
-21.9%
Other liabilities
2,257
2,085
1,710
+8.3%
Total liabilities and equity
4,608
4,569
4,272
+0.8%
Fixed assets
763
786
860
-3.0%
Goodwill
129
129
132
0.0%
Intangible assets
101
117
140
-13.9%
Cash and equivalents
115
216
29.1
-46.7%
Inventory
1,732
1,815
1,293
-4.6%
Other assets
1,768
1,506
1,818
+17.4%
Total assets
4,608
4,569
4,272
+0.8%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.