Eaton (ETN) FY2022 results: revenue $20.8 billion, up 5.7% on the year
Eaton Corp. plc (ETN) reported revenue of $20.8 billion for fiscal 2022, the year ended 31 December 2022, up 5.7% on the year before. Net income was $2.5 billion, up 14.8%, and diluted earnings per share $6.14. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$20.8 billion
+5.7% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$2.5 billion
+14.8% on the year
FY2015FY2022
Diluted EPS
$6.14
+15.0% 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
2,533
2,163
2,944
+17.1%
Capital expenditure
598
575
389
+4.0%
Free cash flow
1,935
1,588
2,555
+21.9%
Free cash flow margin
9.3%
8.1%
14.3%
Cash from investing
-1,200
-1,764
397
Cash from financing
-1,340
-535
-3,258
Depreciation and amortisation
954
922
811
+3.5%
Buybacks
286
122
1,608
+134.4%
Dividends paid
1,299
1,219
1,175
+6.6%
Dividend per share
$3.24
$3.04
$2.92
+6.6%
Diluted shares, weighted
401m
402m
404m
-0.2%
Shares outstanding at period end
398m
399m
398m
-0.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
17,038
16,413
14,930
+3.8%
Non-controlling interest
38.0
38.0
43.0
0.0%
Short-term borrowings
n/a
13.0
1.0
Debt
8,655
8,566
8,057
+1.0%
Operating lease liabilities
459
337
326
+36.2%
Finance lease liabilities
18.0
23.0
30.0
-21.7%
Other liabilities
8,806
8,637
8,437
+2.0%
Total liabilities and equity
35,014
34,027
31,824
+2.9%
Fixed assets
3,146
3,064
2,964
+2.7%
Goodwill
14,796
14,751
12,903
+0.3%
Intangible assets
5,485
5,855
4,175
-6.3%
Investments
261
271
664
-3.7%
Cash and equivalents
294
297
438
-1.0%
Receivables
4,076
3,297
2,904
+23.6%
Inventory
3,430
2,969
2,109
+15.5%
Other assets
3,526
3,523
5,667
+0.1%
Total assets
35,014
34,027
31,824
+2.9%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.