Dow (DOW) FY2022 results: revenue $56.9 billion, up 3.5% on the year
Dow Inc. (DOW) reported revenue of $56.9 billion for fiscal 2022, the year ended 31 December 2022, up 3.5% on the year before. Net income was $4.6 billion, down 27.4%, and diluted earnings per share $6.28. The figures are the company's own, from the 10-K it filed with the SEC on 31 January 2024.
Revenue
$56.9 billion
+3.5% on the year
FY2016FY2022
Operating margin
n/a
FY2016FY2022
Net income
$4.6 billion
-27.4% on the year
FY2016FY2022
Diluted EPS
$6.28
-25.1% on the year
FY2016FY2022
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
7,475
7,009
6,226
+6.6%
Capital expenditure
1,823
1,501
1,252
+21.5%
Free cash flow
5,652
5,508
4,974
+2.6%
Free cash flow margin
9.9%
10.0%
12.9%
Cash from investing
-2,970
-2,914
-841
Cash from financing
-3,361
-6,071
-2,764
Depreciation and amortisation
2,758
2,842
2,874
-3.0%
Share-based compensation
211
276
171
-23.6%
Buybacks
2,325
1,000
125
+132.5%
Dividends paid
2,006
2,073
2,071
-3.2%
Dividend per share
$2.80
$2.80
$2.80
0.0%
Diluted shares, weighted
726m
749m
742m
-3.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
20,718
18,165
12,435
+14.1%
Non-controlling interest
529
574
570
-7.8%
Short-term borrowings
362
n/a
n/a
Debt
15,060
14,672
17,107
+2.6%
Operating lease liabilities
997
1,149
1,521
-13.2%
Finance lease liabilities
n/a
763
464
Other liabilities
22,937
27,667
29,373
-17.1%
Total liabilities and equity
60,603
62,990
61,470
-3.8%
Fixed assets
20,442
20,555
20,239
-0.5%
Goodwill
8,644
8,764
8,908
-1.4%
Intangible assets
2,442
2,881
3,352
-15.2%
Investments
939
245
45.0
+283.3%
Cash and equivalents
3,886
2,988
5,104
+30.1%
Receivables
5,611
6,841
5,090
-18.0%
Inventory
6,988
7,372
5,701
-5.2%
Other assets
11,651
13,344
13,031
-12.7%
Total assets
60,603
62,990
61,470
-3.8%
10-K for the year ended 31 December 2022, filed 31 January 2024: the filing.