Broadridge Financial Solutions (BR) FY2022 results: revenue $5.7 billion, up 14.3% on the year
Broadridge Financial Solutions, Inc. (BR) reported revenue of $5.7 billion for fiscal 2022, the year ended 30 June 2022, up 14.3% on the year before. Net income was $539 million, down 1.5%, and diluted earnings per share $4.55. The figures are the company's own, from the 10-K it filed with the SEC on 12 August 2022.
Revenue
$5.7 billion
+14.3% on the year
FY2015FY2022
Operating margin
13.3%
13.6% a year earlier
FY2015FY2022
Net income
$539 million
-1.5% on the year
FY2015FY2022
Diluted EPS
$4.55
-2.2% 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
444
640
598
-30.7%
Capital expenditure
29.0
51.9
62.7
-44.1%
Free cash flow
414
588
536
-29.5%
Free cash flow margin
7.3%
11.8%
11.8%
Cash from investing
-110
-2,654
-442
Cash from financing
-371
1,798
51.2
Depreciation and amortisation
82.4
67.4
73.8
+22.3%
Share-based compensation
68.4
58.6
60.8
+16.7%
Buybacks
22.8
21.5
69.3
+6.0%
Dividends paid
291
262
241
+11.1%
Dividend per share
$2.56
$2.30
$2.16
+11.3%
Diluted shares, weighted
118m
118m
117m
+0.6%
Shares outstanding at period end
117m
116m
115m
+1.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,919
1,809
1,346
+6.1%
Debt
3,793
3,888
1,788
-2.4%
Operating lease liabilities
228
263
288
-13.4%
Other liabilities
2,229
2,160
1,468
+3.2%
Total liabilities and equity
8,169
8,120
4,890
+0.6%
Fixed assets
151
177
162
-14.8%
Goodwill
3,485
3,720
1,674
-6.3%
Intangible assets
1,077
1,425
584
-24.4%
Investments
119
121
102
-2.2%
Cash and equivalents
225
274
477
-18.1%
Inventory
29.3
23.2
21.5
+26.3%
Other assets
3,083
2,378
1,869
+29.6%
Total assets
8,169
8,120
4,890
+0.6%
10-K for the year ended 30 June 2022, filed 12 August 2022: the filing.