Bloom Energy (BE) FY2022 results: revenue $1.2 billion, up 23.3% on the year
Bloom Energy Corp. (BE) reported revenue of $1.2 billion for fiscal 2022, the year ended 31 December 2022, up 23.3% on the year before. Net income was -$302 million, and diluted earnings per share $-1.62. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2023.
Revenue
$1.2 billion
+23.3% on the year
FY2016FY2022
Operating margin
-21.8%
-11.8% a year earlier
FY2016FY2022
Net income
-$302 million
FY2016FY2022
Diluted EPS
-$1.62
FY2016FY2022
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
-192
-60.7
-98.8
Capital expenditure
117
49.8
37.9
+134.5%
Free cash flow
-309
-110
-137
Free cash flow margin
-25.7%
-11.4%
-17.2%
Cash from investing
-117
-46.7
-37.9
Cash from financing
211
306
176
-31.0%
Depreciation
61.6
53.5
52.3
+15.3%
Dividends paid
0.0
n/a
n/a
Diluted shares, weighted
186m
173m
139m
+7.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
341
-44.3
78.8
Non-controlling interest
38.0
42.5
62.2
-10.5%
Redeemable equity
0.0
209
0.0
Debt
412
527
391
-21.9%
Operating lease liabilities
132
106
41.8
+24.7%
Finance lease liabilities
2.0
2.2
0.3
-8.6%
Other liabilities
1,022
884
880
+15.6%
Total liabilities and equity
1,947
1,726
1,454
+12.8%
Fixed assets
n/a
n/a
601
Goodwill
n/a
2.0
0.0
Investments
0.0
1.8
n/a
Cash and equivalents
348
396
247
-12.0%
Receivables
251
87.8
96.2
+185.9%
Inventory
268
143
142
+87.2%
Other assets
1,079
1,095
369
-1.4%
Total assets
1,947
1,726
1,454
+12.8%
10-K for the year ended 31 December 2022, filed 21 February 2023: the filing.