Caterpillar (CAT) FY2022 results: revenue $59.4 billion, up 16.6% on the year
Caterpillar Inc. (CAT) reported revenue of $59.4 billion for fiscal 2022, the year ended 31 December 2022, up 16.6% on the year before. Net income was $6.7 billion, up 3.3%, and diluted earnings per share $12.64. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2023.
Revenue
$59.4 billion
+16.6% on the year
FY2015FY2022
Operating margin
13.3%
13.5% a year earlier
FY2015FY2022
Net income
$6.7 billion
+3.3% on the year
FY2015FY2022
Diluted EPS
$12.64
+6.8% 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
7,766
7,198
6,327
+7.9%
Capital expenditure
1,296
1,093
978
+18.6%
Free cash flow
6,470
6,105
5,349
+6.0%
Free cash flow margin
10.9%
12.0%
12.8%
Cash from investing
-2,541
-3,084
-1,485
Cash from financing
-7,281
-4,188
-3,755
Depreciation and amortisation
2,219
2,352
2,432
-5.7%
Share-based compensation
193
200
202
-3.5%
Buybacks
4,230
2,668
1,130
+58.5%
Dividends paid
2,440
2,332
2,243
+4.6%
Dividend per share
$4.71
$4.36
$4.12
+8.0%
Diluted shares, weighted
530m
548m
549m
-3.3%
Shares outstanding at period end
516m
536m
545m
-3.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
15,891
16,516
15,378
-3.8%
Debt
36,993
37,789
37,163
-2.1%
Operating lease liabilities
428
484
457
-11.6%
Other liabilities
28,631
28,004
25,326
+2.2%
Total liabilities and equity
81,943
82,793
78,324
-1.0%
Fixed assets
12,028
12,090
12,401
-0.5%
Goodwill
5,288
6,324
6,394
-16.4%
Intangible assets
758
1,042
1,308
-27.3%
Securities held for sale or to maturity
3,164
1,721
1,683
+83.8%
Cash and equivalents
7,004
9,254
9,352
-24.3%
Receivables
8,856
8,477
7,317
+4.5%
Inventory
16,270
14,038
11,402
+15.9%
Other assets
28,575
29,847
28,467
-4.3%
Total assets
81,943
82,793
78,324
-1.0%
10-K for the year ended 31 December 2022, filed 15 February 2023: the filing.