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Digital Realty Trust (DLR) FY2022 results: revenue $4.7 billion, up 6.0% on the year

Digital Realty Trust, Inc. (DLR) reported revenue of $4.7 billion for fiscal 2022, the year ended 31 December 2022, up 6.0% on the year before. Net income was $378 million, down 77.9%, and diluted earnings per share $1.11. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2023.

Revenue
$4.7 billion
+6.0% on the year
FY2015FY2022
Operating margin
12.6%
15.7% a year earlier
FY2015FY2022
Net income
$378 million
-77.9% on the year
FY2015FY2022
Diluted EPS
$1.11
-81.3% 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)

$ millionFY2022FY2021FY2020On the yearLast 8 years
Revenue4,6924,4283,904+6.0%
Operating income590694558-15.0%
Operating margin12.6%15.7%14.3%
Interest expense299294333+1.8%
Income tax31.672.838.0-56.7%
Net income3781,709356-77.9%
Net margin8.0%38.6%9.1%
Diluted EPS$1.11$5.94$1.00-81.3%
$ 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 flow1,6591,7021,707-2.5%
Capital expenditure2,6432,5212,064+4.9%
Free cash flow-984-819-358
Free cash flow margin-21.0%-18.5%-9.2%
Cash from investing-4,699-1,062-2,599
Cash from financing2,969-591936
Depreciation and amortisation1,5781,4871,366+6.1%
Dividends paid1,4511,3791,163+5.2%
Diluted shares, weighted298m283m263m+5.2%
Shares outstanding at period end291m284m280m+2.4%

Balance sheet

$ millionFY2022FY2021FY2020On the yearLast 8 years
Shareholders' equity17,58318,00517,718-2.3%
Non-controlling interest524472729+11.0%
Redeemable equity1,51547.042.0+3,123.1%
Debt16,72413,56213,305+23.3%
Other liabilities5,1394,2844,283+20.0%
Total liabilities and equity41,48536,37036,076+14.1%
Goodwill9,2087,9378,331+16.0%
Cash and equivalents142143109-0.6%
Other assets32,13528,28927,637+13.6%
Total assets41,48536,37036,076+14.1%

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