Corvel (CRVL) FY2022 results: revenue $646 million, up 16.9% on the year
Corvel Corp. (CRVL) reported revenue of $646 million for fiscal 2022, the year ended 31 March 2022, up 16.9% on the year before. Net income was $66 million, up 43.3%, and diluted earnings per share $1.22. The figures are the company's own, from the 10-K it filed with the SEC on 27 May 2022.
Revenue
$646 million
+16.9% on the year
FY2017FY2022
Operating margin
n/a
FY2017FY2022
Net income
$66 million
+43.3% on the year
FY2017FY2022
Diluted EPS
$1.22
+43.5% on the year
FY2017FY2022
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
67.2
94.4
80.8
-28.8%
Capital expenditure
29.8
17.2
32.4
+72.9%
Free cash flow
37.4
77.1
48.5
-51.5%
Free cash flow margin
5.8%
14.0%
8.2%
Cash from investing
-29.8
-17.2
-32.4
Cash from financing
-79.6
-20.6
-57.0
Depreciation and amortisation
23.9
23.4
22.5
+2.0%
Share-based compensation
5.2
5.0
4.5
+4.4%
Buybacks
90.1
32.7
65.6
+175.7%
Diluted shares, weighted
54m
54m
56m
-0.2%
Shares outstanding at period end
53m
54m
54m
-1.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
212
220
190
-3.6%
Operating lease liabilities
29.8
41.9
85.1
-28.9%
Other liabilities
173
162
141
+6.5%
Total liabilities and equity
415
425
416
-2.2%
Fixed assets
76.3
70.6
75.9
+8.0%
Goodwill
36.8
36.8
36.8
0.0%
Intangible assets
1.7
2.1
2.5
-20.7%
Cash and equivalents
97.5
140
83.2
-30.2%
Receivables
82.6
64.7
65.8
+27.6%
Other assets
120
111
152
+8.7%
Total assets
415
425
416
-2.2%
10-K for the year ended 31 March 2022, filed 27 May 2022: the filing.