Copart (CPRT) FY2022 results: revenue $3.5 billion, up 30.0% on the year
Copart Inc. (CPRT) reported revenue of $3.5 billion for fiscal 2022, the year ended 31 July 2022, up 30.0% on the year before. Net income was $1.1 billion, up 16.4%, and diluted earnings per share $1.13. The figures are the company's own, from the 10-K it filed with the SEC on 27 September 2022.
Revenue
$3.5 billion
+30.0% on the year
FY2015FY2022
Operating margin
39.3%
42.2% a year earlier
FY2015FY2022
Net income
$1.1 billion
+16.4% on the year
FY2015FY2022
Diluted EPS
$1.13
+15.9% 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
1,177
991
918
+18.7%
Capital expenditure
337
463
592
-27.1%
Free cash flow
839
528
326
+59.0%
Free cash flow margin
24.0%
19.6%
14.8%
Cash from investing
-442
-465
-601
Cash from financing
-383
40.9
-27.4
Depreciation and amortisation
138
122
101
+13.1%
Share-based compensation
39.0
40.9
23.3
-4.8%
Buybacks
n/a
0.0
0.0
Diluted shares, weighted
965m
961m
955m
+0.4%
Shares outstanding at period end
952m
948m
941m
+0.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
4,626
3,529
2,490
+31.1%
Redeemable equity
0.0
0.0
n/a
Debt
2.0
400
400
-99.5%
Operating lease liabilities
95.7
97.9
95.6
-2.3%
Finance lease liabilities
0.0
0.0
0.6
-63.9%
Other liabilities
586
535
470
+9.5%
Total liabilities and equity
5,309
4,562
3,455
+16.4%
Fixed assets
2,486
2,297
1,942
+8.2%
Goodwill
402
356
344
+13.0%
Intangible assets
54.7
45.9
47.8
+19.2%
Securities held for sale or to maturity
0.0
0.0
n/a
Cash and equivalents
1,384
1,048
478
+32.1%
Receivables
579
481
350
+20.4%
Inventory
58.8
45.0
20.1
+30.7%
Other assets
345
290
274
+18.9%
Total assets
5,309
4,562
3,455
+16.4%
10-K for the year ended 31 July 2022, filed 27 September 2022: the filing.