Boise Cascade (BCC) FY2022 results: revenue $8.4 billion, up 5.8% on the year
Boise Cascade Co. (BCC) reported revenue of $8.4 billion for fiscal 2022, the year ended 31 December 2022, up 5.8% on the year before. Net income was $858 million, up 20.4%, and diluted earnings per share $21.56. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2023.
Revenue
$8.4 billion
+5.8% on the year
FY2015FY2022
Operating margin
13.8%
12.3% a year earlier
FY2015FY2022
Net income
$858 million
+20.4% on the year
FY2015FY2022
Diluted EPS
$21.56
+20.0% 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
1,041
667
295
+56.1%
Capital expenditure
114
107
79.4
+7.1%
Free cash flow
927
560
215
+65.4%
Free cash flow margin
11.1%
7.1%
3.9%
Cash from investing
-625
-106
-78.7
Cash from financing
-166
-218
-95.7
Depreciation and amortisation
102
80.8
95.2
+25.8%
Share-based compensation
11.9
7.9
7.8
+50.0%
Buybacks
0.0
0.0
0.0
Dividends paid
160
214
79.2
-25.3%
Dividend per share
$4.01
$5.42
$2.00
-26.0%
Diluted shares, weighted
40m
40m
39m
+0.3%
Shares outstanding at period end
39m
39m
39m
+0.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,058
1,353
851
+52.1%
Debt
444
445
444
-0.1%
Operating lease liabilities
48.7
55.3
56.0
-11.9%
Finance lease liabilities
30.0
31.9
31.6
-5.9%
Other liabilities
659
688
584
-4.2%
Total liabilities and equity
3,241
2,573
1,966
+26.0%
Fixed assets
770
495
461
+55.5%
Goodwill
138
60.4
60.4
+128.5%
Intangible assets
161
15.4
16.6
+951.6%
Cash and equivalents
998
749
405
+33.3%
Receivables
297
444
376
-33.1%
Inventory
698
661
503
+5.6%
Other assets
178
148
143
+20.4%
Total assets
3,241
2,573
1,966
+26.0%
10-K for the year ended 31 December 2022, filed 21 February 2023: the filing.