Ashland (ASH) FY2022 results: revenue $2.4 billion, up 13.3% on the year
Ashland Inc. (ASH) reported revenue of $2.4 billion for fiscal 2022, the year ended 30 September 2022, up 13.3% on the year before. Net income was $927 million, up 321.4%, and diluted earnings per share $16.41. The figures are the company's own, from the 10-K it filed with the SEC on 21 November 2022.
Revenue
$2.4 billion
+13.3% on the year
FY2015FY2022
Operating margin
13.9%
9.1% a year earlier
FY2015FY2022
Net income
$927 million
+321.4% on the year
FY2015FY2022
Diluted EPS
$16.41
+357.1% 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
-213
560
203
Capital expenditure
113
105
133
+7.6%
Free cash flow
-326
455
70.0
Free cash flow margin
-13.6%
21.6%
3.5%
Cash from financing
-896
-426
9.0
Depreciation and amortisation
241
244
235
-1.2%
Share-based compensation
18.0
15.0
14.0
+20.0%
Buybacks
200
450
n/a
-55.6%
Dividends paid
70.0
70.0
66.0
0.0%
Dividend per share
$1.27
$1.15
$1.10
+10.4%
Diluted shares, weighted
56m
61m
61m
-8.2%
Shares outstanding at period end
n/a
n/a
61m
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,220
2,752
3,036
+17.0%
Debt
1,270
1,970
1,853
-35.5%
Operating lease liabilities
94.0
110
114
-14.5%
Other liabilities
1,629
1,780
1,874
-8.5%
Total liabilities and equity
6,213
6,612
6,877
-6.0%
Fixed assets
1,338
1,427
1,485
-6.2%
Goodwill
1,312
1,430
1,305
-8.3%
Intangible assets
963
1,099
1,013
-12.4%
Securities held for sale or to maturity
n/a
421
331
Cash and equivalents
646
210
454
+207.6%
Receivables
402
369
437
+8.9%
Inventory
629
473
506
+33.0%
Other assets
923
1,183
1,346
-22.0%
Total assets
6,213
6,612
6,877
-6.0%
10-K for the year ended 30 September 2022, filed 21 November 2022: the filing.