Cognex (CGNX) FY2022 results: revenue $1.0 billion, down 3.0% on the year
Cognex Corp. (CGNX) reported revenue of $1.0 billion for fiscal 2022, the year ended 31 December 2022, down 3.0% on the year before. Net income was $216 million, down 23.0%, and diluted earnings per share $1.23. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2023.
Revenue
$1.0 billion
-3.0% on the year
FY2015FY2022
Operating margin
24.5%
30.4% a year earlier
FY2015FY2022
Net income
$216 million
-23.0% on the year
FY2015FY2022
Diluted EPS
$1.23
-21.2% 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
243
314
242
-22.5%
Capital expenditure
19.7
15.5
13.3
+27.3%
Free cash flow
224
299
229
-25.1%
Free cash flow margin
22.2%
28.8%
28.2%
Cash from investing
-4.5
-253
169
Cash from financing
-240
-142
-317
Depreciation and amortisation
19.6
20.3
26.5
-3.3%
Share-based compensation
54.5
43.8
1.4
+24.5%
Buybacks
204
162
51.0
+26.4%
Dividends paid
45.9
43.3
391
+6.1%
Dividend per share
$0.27
$0.24
$2.23
+8.2%
Diluted shares, weighted
175m
180m
177m
-2.8%
Shares outstanding at period end
173m
175m
176m
-1.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,438
1,430
1,262
+0.6%
Debt
0.0
0.0
0.0
Operating lease liabilities
31.3
17.8
18.1
+75.9%
Other liabilities
488
556
520
-12.1%
Total liabilities and equity
1,958
2,004
1,801
-2.3%
Fixed assets
79.7
77.5
79.2
+2.8%
Goodwill
243
242
244
+0.4%
Intangible assets
12.4
11.9
15.6
+4.4%
Investments
673
721
498
-6.7%
Cash and equivalents
181
186
269
-2.6%
Receivables
125
130
126
-3.8%
Inventory
122
113
60.8
+8.3%
Other assets
521
522
508
-0.1%
Total assets
1,958
2,004
1,801
-2.3%
10-K for the year ended 31 December 2022, filed 16 February 2023: the filing.