Dnow (DNOW) FY2022 results: revenue $2.1 billion, up 30.9% on the year
Dnow Inc. (DNOW) reported revenue of $2.1 billion for fiscal 2022, the year ended 31 December 2022, up 30.9% on the year before. Net income was $128 million, up 2460.0%, and diluted earnings per share $1.13. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2023.
Revenue
$2.1 billion
+30.9% on the year
FY2015FY2022
Operating margin
6.1%
0.6% a year earlier
FY2015FY2022
Net income
$128 million
+2,460.0% on the year
FY2015FY2022
Diluted EPS
$1.13
+2,160.0% 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
0.0
30.0
189
Capital expenditure
9.0
5.0
8.0
+80.0%
Free cash flow
-9.0
25.0
181
Free cash flow margin
-0.4%
1.5%
11.2%
Cash from investing
-87.0
-96.0
22.0
Cash from financing
-10.0
-6.0
-8.0
Depreciation and amortisation
19.0
23.0
28.0
-17.4%
Share-based compensation
11.0
8.0
6.0
+37.5%
Buybacks
7.0
0.0
0.0
Diluted shares, weighted
111m
110m
109m
+0.7%
Shares outstanding at period end
110m
111m
110m
-0.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
842
712
699
+18.3%
Non-controlling interest
2.0
1.0
n/a
+100.0%
Debt
0.0
0.0
0.0
Operating lease liabilities
25.0
17.0
25.0
+47.1%
Finance lease liabilities
7.0
3.0
6.0
+133.3%
Other liabilities
444
371
278
+19.7%
Total liabilities and equity
1,320
1,104
1,008
+19.6%
Fixed assets
119
111
98.0
+7.2%
Goodwill
116
67.0
0.0
+73.1%
Intangible assets
25.0
9.0
0.0
+177.8%
Cash and equivalents
212
313
387
-32.3%
Receivables
398
304
198
+30.9%
Inventory
381
250
262
+52.4%
Other assets
69.0
50.0
63.0
+38.0%
Total assets
1,320
1,104
1,008
+19.6%
10-K for the year ended 31 December 2022, filed 16 February 2023: the filing.