D.R. Horton (DHI) FY2022 results: revenue $33.5 billion, up 20.5% on the year
D.R. Horton, Inc. (DHI) reported revenue of $33.5 billion for fiscal 2022, the year ended 30 September 2022, up 20.5% on the year before. Net income was $5.9 billion, up 40.3%, and diluted earnings per share $16.51. The figures are the company's own, from the 10-K it filed with the SEC on 18 November 2022.
Revenue
$33.5 billion
+20.5% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$5.9 billion
+40.3% on the year
FY2015FY2022
Diluted EPS
$16.51
+44.7% 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
562
534
1,422
+5.1%
Capital expenditure
148
93.5
96.5
+58.5%
Free cash flow
414
441
1,325
-6.2%
Free cash flow margin
1.2%
1.6%
6.5%
Cash from investing
-415
-252
-166
Cash from financing
-811
-85.1
271
Depreciation and amortisation
81.4
82.1
90.6
-0.9%
Share-based compensation
105
91.4
77.8
+15.0%
Buybacks
1,100
874
360
+25.9%
Dividends paid
316
289
256
+9.4%
Dividend per share
$0.90
$0.80
$0.70
+12.5%
Diluted shares, weighted
355m
366m
370m
-3.0%
Shares outstanding at period end
344m
356m
364m
-3.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
19,396
14,886
11,840
+30.3%
Non-controlling interest
389
330
282
+18.1%
Debt
6,067
5,412
4,283
+12.1%
Other liabilities
4,499
3,387
2,508
+32.8%
Total liabilities and equity
30,351
24,016
18,912
+26.4%
Fixed assets
472
393
684
+20.0%
Goodwill
164
164
164
0.0%
Cash and equivalents
2,540
3,210
3,018
-20.9%
Other assets
27,176
20,249
15,047
+34.2%
Total assets
30,351
24,016
18,912
+26.4%
10-K for the year ended 30 September 2022, filed 18 November 2022: the filing.