Core Natural Resources (CNR) FY2022 results: revenue $2.1 billion, up 67.0% on the year
Core Natural Resources, Inc. (CNR) reported revenue of $2.1 billion for fiscal 2022, the year ended 31 December 2022, up 67.0% on the year before. Net income was $467 million, up 1269.0%, and diluted earnings per share $13.07. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2023.
Revenue
$2.1 billion
+67.0% on the year
FY2015FY2022
Operating margin
27.0%
2.8% a year earlier
FY2015FY2022
Net income
$467 million
+1,269.0% on the year
FY2015FY2022
Diluted EPS
$13.07
+1,261.5% 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
651
306
129
+113.0%
Capital expenditure
172
133
86.0
+29.2%
Free cash flow
479
173
43.3
+177.5%
Free cash flow margin
22.8%
13.7%
4.2%
Cash from investing
-142
-127
-76.3
Cash from financing
-380
-30.9
-82.4
Depreciation and amortisation
227
225
211
+1.0%
Share-based compensation
7.9
6.6
11.6
+19.0%
Buybacks
0.0
0.0
0.0
Dividends paid
71.5
0.0
0.0
Dividend per share
$2.05
$0.00
$0.00
Diluted shares, weighted
36m
35m
26m
+0.9%
Shares outstanding at period end
35m
34m
34m
+0.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,166
673
554
+73.3%
Non-controlling interest
n/a
n/a
0.0
Debt
347
605
657
-42.6%
Operating lease liabilities
15.1
15.3
35.7
-1.3%
Finance lease liabilities
13.2
26.6
36.2
-50.3%
Other liabilities
1,163
1,254
1,241
-7.2%
Total liabilities and equity
2,704
2,574
2,523
+5.1%
Fixed assets
1,960
1,979
2,049
-0.9%
Investments
0.0
n/a
n/a
Cash and equivalents
273
150
50.9
+82.2%
Receivables
158
104
118
+51.9%
Inventory
66.3
62.9
56.2
+5.4%
Other assets
247
278
249
-11.2%
Total assets
2,704
2,574
2,523
+5.1%
10-K for the year ended 31 December 2022, filed 10 February 2023: the filing.