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DoorDash (DASH) FY2022 results: revenue $6.6 billion, up 34.7% on the year

DoorDash, Inc. (DASH) reported revenue of $6.6 billion for fiscal 2022, the year ended 31 December 2022, up 34.7% on the year before. Net income was -$1.4 billion, and diluted earnings per share $-3.68. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2023.

Revenue
$6.6 billion
+34.7% on the year
FY2018FY2022
Operating margin
-17.1%
-9.2% a year earlier
FY2018FY2022
Net income
-$1.4 billion
FY2018FY2022
Diluted EPS
-$3.68
FY2018FY2022

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2022 · Q2 FY2022 · Q3 FY2022 · Q4 FY2022

Income statement (profit and loss)

$ millionFY2022FY2021FY2020On the yearLast 8 years
Revenue6,5834,8882,886+34.7%
Cost of revenue3,5882,3381,368+53.5%
Gross profit2,9952,5501,518+17.5%
Gross margin45.5%52.2%52.6%
Research and development829430321+92.8%
Operating income-1,124-452-436
Operating margin-17.1%-9.2%-15.1%
Interest expense2.014.032.0-85.7%
Pre-tax income-1,399-463-458
Income tax-31.05.03.0
Net income-1,365-468-461
Net margin-20.7%-9.6%-16.0%
Diluted EPS-$3.68-$1.39-$7.39
$ 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

$ millionFY2022FY2021FY2020On the yearLast 8 years
Operating cash flow367692252-47.0%
Capital expenditure176129106+36.4%
Free cash flow191563146-66.1%
Free cash flow margin2.9%11.5%5.1%
Cash from investing-300-2,047-192
Cash from financing-375-4833,996
Depreciation and amortisation369156120+136.5%
Share-based compensation889486322+82.9%
Buybacks4000.00.0
Diluted shares, weighted371m337m62m+10.3%

Balance sheet

$ millionFY2022FY2021FY2020On the yearLast 8 years
Shareholders' equity6,7544,6674,700+44.7%
Redeemable equity14.00.00.0
Debt0.00.0364
Operating lease liabilities456373238+22.3%
Other liabilities2,5651,7691,051+45.0%
Total liabilities and equity9,7896,8096,353+43.8%
Goodwill2,370316316+650.0%
Intangible assets76561.074.0+1,154.1%
Investments1,9411,903514+2.0%
Cash and equivalents1,9772,5044,345-21.0%
Receivables400349291+14.6%
Other assets2,3361,676813+39.4%
Total assets9,7896,8096,353+43.8%

10-K for the year ended 31 December 2022, filed 27 February 2023: the filing.