Ball (BALL) FY2022 results: revenue $13.4 billion, down 3.2% on the year
Ball Corp. (BALL) reported revenue of $13.4 billion for fiscal 2022, the year ended 31 December 2022, down 3.2% on the year before. Net income was $719 million, down 18.1%, and diluted earnings per share $2.25. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2023.
Revenue
$13.4 billion
-3.2% on the year
FY2015FY2022
Operating margin
9.1%
9.3% a year earlier
FY2015FY2022
Net income
$719 million
-18.1% on the year
FY2015FY2022
Diluted EPS
$2.25
-15.1% 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
301
1,760
1,432
-82.9%
Capital expenditure
1,651
1,726
1,113
-4.3%
Free cash flow
-1,350
34.0
319
Free cash flow margin
-10.1%
0.2%
2.7%
Cash from investing
-786
-1,639
-1,181
Cash from financing
485
-894
-602
Depreciation and amortisation
594
700
668
-15.1%
Share-based compensation
39.0
40.0
43.0
-2.5%
Buybacks
618
766
57.0
-19.3%
Dividends paid
254
229
198
+10.9%
Dividend per share
$0.80
$0.70
$0.60
+14.3%
Diluted shares, weighted
320m
332m
333m
-3.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,461
3,627
3,275
-4.6%
Non-controlling interest
66.0
58.0
62.0
+13.8%
Debt
8,948
7,722
7,783
+15.9%
Operating lease liabilities
349
340
232
+2.6%
Finance lease liabilities
10.0
12.0
10.0
-16.7%
Other liabilities
7,075
7,955
6,890
-11.1%
Total liabilities and equity
19,909
19,714
18,252
+1.0%
Goodwill
4,195
4,378
4,484
-4.2%
Intangible assets
1,417
1,688
1,883
-16.1%
Cash and equivalents
548
563
1,366
-2.7%
Receivables
2,107
2,022
1,344
+4.2%
Inventory
2,179
1,795
1,353
+21.4%
Other assets
9,463
9,268
7,822
+2.1%
Total assets
19,909
19,714
18,252
+1.0%
10-K for the year ended 31 December 2022, filed 21 February 2023: the filing.