Franklin Templeton (BEN) FY2022 results: revenue $8.3 billion, down 1.8% on the year
Franklin Templeton Inc. (BEN) reported revenue of $8.3 billion for fiscal 2022, the year ended 30 September 2022, down 1.8% on the year before. Net income was $1.3 billion, down 29.5%, and diluted earnings per share $2.53. The figures are the company's own, from the 10-K it filed with the SEC on 14 November 2022.
Revenue
$8.3 billion
-1.8% on the year
FY2015FY2022
Operating margin
21.4%
22.3% a year earlier
FY2015FY2022
Net income
$1.3 billion
-29.5% on the year
FY2015FY2022
Diluted EPS
$2.53
-29.1% 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
1,957
1,245
1,083
+57.1%
Capital expenditure
90.3
79.3
104
+13.9%
Free cash flow
1,866
1,166
980
+60.1%
Free cash flow margin
22.6%
13.8%
17.6%
Cash from investing
-3,329
-2,616
-4,062
Cash from financing
1,585
2,030
734
-21.9%
Depreciation and amortisation
95.8
78.6
74.5
+21.9%
Share-based compensation
208
172
122
+21.1%
Buybacks
181
208
218
-13.2%
Dividends paid
583
560
533
+4.2%
Dividend per share
$1.16
$1.12
$1.08
+3.6%
Diluted shares, weighted
489m
491m
492m
-0.3%
Shares outstanding at period end
500m
502m
495m
-0.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
11,475
11,223
10,114
+2.2%
Non-controlling interest
824
587
755
+40.4%
Redeemable equity
1,526
933
542
+63.5%
Debt
3,376
3,399
3,017
-0.7%
Other liabilities
10,860
8,025
7,256
+35.3%
Total liabilities and equity
28,061
24,168
21,684
+16.1%
Fixed assets
743
770
814
-3.5%
Goodwill
5,779
4,458
4,501
+29.6%
Intangible assets
5,082
4,710
4,914
+7.9%
Cash and equivalents
4,782
4,647
3,990
+2.9%
Other assets
11,674
9,583
7,466
+21.8%
Total assets
28,061
24,168
21,684
+16.1%
10-K for the year ended 30 September 2022, filed 14 November 2022: the filing.