Arrow Electronics (ARW) FY2022 results: revenue $37.1 billion, up 7.7% on the year
Arrow Electronics, Inc. (ARW) reported revenue of $37.1 billion for fiscal 2022, the year ended 31 December 2022, up 7.7% on the year before. Net income was $1.4 billion, up 28.8%, and diluted earnings per share $21.80. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2023.
Revenue
$37.1 billion
+7.7% on the year
FY2015FY2022
Operating margin
5.6%
4.5% a year earlier
FY2015FY2022
Net income
$1.4 billion
+28.8% on the year
FY2015FY2022
Diluted EPS
$21.80
+44.4% 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
-33.1
419
1,360
Capital expenditure
78.8
83.1
124
-5.1%
Free cash flow
-112
336
1,236
Free cash flow margin
-0.3%
1.0%
4.3%
Cash from investing
-57.7
-60.1
-139
Cash from financing
110
-463
-1,227
Depreciation and amortisation
187
195
189
-4.0%
Share-based compensation
42.9
36.1
35.3
+18.9%
Buybacks
1,049
912
484
+15.1%
Diluted shares, weighted
65m
73m
79m
-10.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
5,546
5,282
5,089
+5.0%
Non-controlling interest
65.0
58.6
59.6
+11.0%
Debt
3,773
2,627
2,257
+43.6%
Operating lease liabilities
227
222
261
+2.4%
Other liabilities
12,152
11,346
9,388
+7.1%
Total liabilities and equity
21,763
19,536
17,054
+11.4%
Fixed assets
596
683
800
-12.6%
Goodwill
2,028
2,080
2,115
-2.5%
Intangible assets
159
195
234
-18.4%
Cash and equivalents
177
222
374
-20.4%
Receivables
12,323
11,124
9,205
+10.8%
Inventory
5,319
4,202
3,287
+26.6%
Other assets
1,161
1,029
1,039
+12.8%
Total assets
21,763
19,536
17,054
+11.4%
10-K for the year ended 31 December 2022, filed 9 February 2023: the filing.