Chemours (CC) FY2022 results: revenue $6.8 billion, up 7.7% on the year
Chemours Co. (CC) reported revenue of $6.8 billion for fiscal 2022, the year ended 31 December 2022, up 7.7% on the year before. Net income was $578 million, down 4.9%, and diluted earnings per share $3.65. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2023.
Revenue
$6.8 billion
+7.7% on the year
FY2015FY2022
Operating margin
11.3%
10.7% a year earlier
FY2015FY2022
Net income
$578 million
-4.9% on the year
FY2015FY2022
Diluted EPS
$3.65
+1.4% 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
754
814
807
-7.4%
Capital expenditure
307
277
267
+10.8%
Free cash flow
447
537
540
-16.8%
Free cash flow margin
6.5%
8.5%
10.9%
Cash from investing
-284
220
-234
Cash from financing
-685
-554
-449
Depreciation and amortisation
291
317
320
-8.2%
Share-based compensation
27.0
34.0
16.0
-20.6%
Buybacks
495
173
0.0
+186.1%
Dividends paid
154
164
164
-6.1%
Dividend per share
$1.00
$1.00
$1.00
0.0%
Diluted shares, weighted
158m
169m
166m
-6.2%
Shares outstanding at period end
149m
161m
165m
-7.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,107
1,081
813
+2.4%
Non-controlling interest
n/a
1.0
2.0
Debt
3,633
3,749
4,026
-3.1%
Operating lease liabilities
198
179
194
+10.6%
Finance lease liabilities
49.0
60.0
67.0
-18.3%
Other liabilities
2,653
2,480
1,980
+7.0%
Total liabilities and equity
7,640
7,550
7,082
+1.2%
Fixed assets
3,171
3,154
3,474
+0.5%
Goodwill
102
102
153
0.0%
Intangible assets
13.0
6.0
14.0
+116.7%
Cash and equivalents
1,102
1,451
1,105
-24.1%
Receivables
509
644
449
-21.0%
Inventory
1,404
1,099
939
+27.8%
Other assets
1,339
1,094
948
+22.4%
Total assets
7,640
7,550
7,082
+1.2%
10-K for the year ended 31 December 2022, filed 10 February 2023: the filing.