BWX Technologies (BWXT) FY2022 results: revenue $2.2 billion, up 5.1% on the year
BWX Technologies, Inc. (BWXT) reported revenue of $2.2 billion for fiscal 2022, the year ended 31 December 2022, up 5.1% on the year before. Net income was $238 million, down 22.1%, and diluted earnings per share $2.60. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$2.2 billion
+5.1% on the year
FY2015FY2022
Operating margin
15.6%
16.3% a year earlier
FY2015FY2022
Net income
$238 million
-22.1% on the year
FY2015FY2022
Diluted EPS
$2.60
-19.8% 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
245
386
196
-36.6%
Capital expenditure
198
311
255
-36.2%
Free cash flow
46.4
75.0
-58.6
-38.1%
Free cash flow margin
2.1%
3.5%
-2.8%
Cash from investing
-256
-305
-265
Cash from financing
14.0
-90.1
25.0
Depreciation and amortisation
73.8
69.1
60.7
+6.9%
Share-based compensation
14.1
18.6
16.8
-24.1%
Buybacks
20.0
226
22.0
-91.1%
Dividends paid
81.1
79.7
72.9
+1.8%
Dividend per share
$0.88
$0.84
$0.76
+4.8%
Diluted shares, weighted
92m
95m
96m
-3.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
748
637
618
+17.4%
Non-controlling interest
0.0
0.1
0.0
-25.0%
Debt
1,289
1,189
863
+8.4%
Other liabilities
582
675
813
-13.8%
Total liabilities and equity
2,619
2,501
2,294
+4.7%
Fixed assets
1,135
1,046
816
+8.5%
Goodwill
293
286
284
+2.7%
Intangible assets
194
186
193
+4.3%
Investments
3.8
3.8
3.7
-0.2%
Cash and equivalents
35.2
33.9
42.6
+4.0%
Receivables
60.8
70.7
153
-14.0%
Inventory
22.9
16.3
15.0
+40.5%
Other assets
875
860
786
+1.7%
Total assets
2,619
2,501
2,294
+4.7%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.