Ecolab (ECL) FY2022 results: revenue $14.2 billion, up 11.4% on the year
Ecolab Inc. (ECL) reported revenue of $14.2 billion for fiscal 2022, the year ended 31 December 2022, up 11.4% on the year before. Net income was $1.1 billion, down 3.4%, and diluted earnings per share $3.81. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$14.2 billion
+11.4% on the year
FY2015FY2022
Operating margin
11.0%
12.6% a year earlier
FY2015FY2022
Net income
$1.1 billion
-3.4% on the year
FY2015FY2022
Diluted EPS
$3.81
-2.6% 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
1,788
2,062
1,860
-13.3%
Capital expenditure
713
643
489
+10.9%
Free cash flow
1,076
1,419
1,371
-24.2%
Free cash flow margin
7.6%
11.1%
11.6%
Cash from investing
-717
-4,580
-414
Cash from financing
-837
1,603
-342
Depreciation and amortisation
938
843
813
+11.3%
Share-based compensation
87.8
89.5
82.1
-1.9%
Buybacks
518
107
146
+386.1%
Dividends paid
603
566
561
+6.4%
Dividend per share
$2.06
$1.95
$1.89
+5.6%
Diluted shares, weighted
287m
289m
290m
-0.9%
Shares outstanding at period end
284m
287m
286m
-0.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
7,236
7,224
6,166
+0.2%
Non-controlling interest
22.5
28.9
35.0
-22.1%
Debt
8,580
8,758
6,669
-2.0%
Other liabilities
5,625
5,195
5,255
+8.3%
Total liabilities and equity
21,464
21,206
18,126
+1.2%
Fixed assets
3,293
3,288
3,125
+0.1%
Goodwill
8,013
8,064
6,007
-0.6%
Intangible assets
3,681
4,224
2,977
-12.9%
Cash and equivalents
599
360
1,260
+66.3%
Receivables
2,698
2,478
2,274
+8.9%
Inventory
1,793
1,492
1,285
+20.2%
Other assets
1,388
1,300
1,198
+6.8%
Total assets
21,464
21,206
18,126
+1.2%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.