Dauch (DCH) FY2022 results: revenue $5.8 billion, up 12.5% on the year

Dauch Corp. (DCH) reported revenue of $5.8 billion for fiscal 2022, the year ended 31 December 2022, up 12.5% on the year before. Net income was $64 million, up 989.8%, and diluted earnings per share $0.53. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2023.

Revenue

$5.8 billion

+12.5% on the year

FY2015FY2022

Operating margin

4.2%

4.7% a year earlier

FY2015FY2022

Net income

$64 million

+989.8% on the year

FY2015FY2022

Diluted EPS

$0.53

+960.0% on the year

FY2015FY2022

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)

$ million	FY2022	FY2021	FY2020	On the year
Revenue	5,802	5,157	4,711	+12.5%
Cost of revenue	5,098	4,434	4,128	+15.0%
Gross profit	705	723	583	-2.5%
Gross margin	12.1%	14.0%	12.4%
Research and development	144	117	117	+23.3%
Selling, general and administrative	345	344	314	+0.3%
Operating income	244	241	-396	+1.4%
Operating margin	4.2%	4.7%	-8.4%
Interest expense	174	195	212	-10.6%
Pre-tax income	66.3	1.2	-610	+5,425.0%
Income tax	2.0	-4.7	-49.2
Effective tax rate	3.0%	-391.7%	n/a
Net income	64.3	5.9	-561	+989.8%
Net margin	1.1%	0.1%	-11.9%
Diluted EPS	$0.53	$0.05	-$4.96	+960.0%

$ million except per share.

Free 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
Operating cash flow	449	538	455	-16.6%
Capital expenditure	171	181	216	-5.4%
Free cash flow	278	357	239	-22.3%
Free cash flow margin	4.8%	6.9%	5.1%
Cash from investing	-243	-161	-218
Cash from financing	-217	-401	-214
Depreciation and amortisation	492	544	522	-9.6%
Share-based compensation	17.7	18.2	19.4	-2.7%
Buybacks	1.9	4.3	2.7	-55.8%
Diluted shares, weighted	116m	114m	113m	+1.2%
Shares outstanding at period end	115m	114m	113m	+0.5%

Balance sheet

$ million	FY2022	FY2021	FY2020	On the year
Shareholders' equity	627	458	370	+37.0%
Non-controlling interest	n/a	0.0	2.7
Debt	2,973	3,138	3,501	-5.3%
Operating lease liabilities	87.2	99.9	94.4	-12.7%
Other liabilities	1,782	1,940	1,948	-8.1%
Total liabilities and equity	5,469	5,636	5,916	-3.0%
Fixed assets	1,903	1,996	2,164	-4.7%
Goodwill	182	184	186	-1.2%
Intangible assets	616	697	781	-11.6%
Cash and equivalents	512	530	557	-3.5%
Receivables	820	763	793	+7.5%
Inventory	464	410	323	+13.0%
Other assets	973	1,055	1,113	-7.8%
Total assets	5,469	5,636	5,916	-3.0%

10-K for the year ended 31 December 2022, filed 17 February 2023: the filing.