Colgate-Palmolive (CL) FY2022 results: revenue $18.0 billion, up 3.1% on the year
Colgate-Palmolive Co. (CL) reported revenue of $18.0 billion for fiscal 2022, the year ended 31 December 2022, up 3.1% on the year before. Net income was $1.8 billion, down 17.6%, and diluted earnings per share $2.13. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2023.
Revenue
$18.0 billion
+3.1% on the year
FY2015FY2022
Operating margin
16.1%
19.1% a year earlier
FY2015FY2022
Net income
$1.8 billion
-17.6% on the year
FY2015FY2022
Diluted EPS
$2.13
-16.5% 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
2,556
3,325
3,719
-23.1%
Capital expenditure
696
567
409
+22.8%
Free cash flow
1,860
2,758
3,310
-32.6%
Free cash flow margin
10.4%
15.8%
20.1%
Cash from investing
-1,601
-592
-779
Cash from financing
-952
-2,774
-2,919
Depreciation and amortisation
545
556
539
-2.0%
Share-based compensation
125
135
107
-7.4%
Buybacks
1,308
1,320
1,476
-0.9%
Dividends paid
1,691
1,679
1,654
+0.7%
Dividend per share
$1.86
$1.79
$1.75
+3.9%
Diluted shares, weighted
839m
848m
859m
-1.1%
Shares outstanding at period end
830m
840m
850m
-1.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
401
609
743
-34.2%
Non-controlling interest
405
362
358
+11.9%
Debt
8,755
7,245
7,601
+20.8%
Operating lease liabilities
397
451
476
-12.0%
Other liabilities
5,773
6,373
6,742
-9.4%
Total liabilities and equity
15,731
15,040
15,920
+4.6%
Fixed assets
4,307
3,730
3,716
+15.5%
Goodwill
3,352
3,284
3,824
+2.1%
Intangible assets
1,920
2,462
2,894
-22.0%
Cash and equivalents
775
832
888
-6.9%
Receivables
1,504
1,297
1,264
+16.0%
Inventory
2,074
1,692
1,673
+22.6%
Other assets
1,799
1,743
1,661
+3.2%
Total assets
15,731
15,040
15,920
+4.6%
10-K for the year ended 31 December 2022, filed 16 February 2023: the filing.