Exponent (EXPO) FY2022 results: revenue $513 million, up 10.1% on the year
Exponent Inc. (EXPO) reported revenue of $513 million for fiscal 2022, the year ended 30 December 2022, up 10.1% on the year before. Net income was $102 million, up 1.1%, and diluted earnings per share $1.96. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$513 million
+10.1% on the year
FY2015FY2022
Operating margin
27.4%
23.4% a year earlier
FY2015FY2022
Net income
$102 million
+1.1% on the year
FY2015FY2022
Diluted EPS
$1.96
+3.2% 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
93.8
125
103
-24.7%
Capital expenditure
12.0
6.8
5.0
+76.4%
Free cash flow
81.8
118
98.3
-30.6%
Free cash flow margin
15.9%
25.3%
24.6%
Cash from investing
-12.0
38.2
5.0
Cash from financing
-216
-62.8
-88.4
Depreciation and amortisation
7.1
6.5
6.9
+9.1%
Share-based compensation
20.4
19.3
17.3
+5.7%
Buybacks
156
7.0
40.0
+2,126.5%
Dividends paid
49.1
41.7
39.4
+17.8%
Dividend per share
$0.96
$0.80
$0.76
+20.0%
Diluted shares, weighted
52m
53m
53m
-2.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
321
417
361
-23.1%
Debt
0.0
0.0
0.0
Operating lease liabilities
13.3
9.8
14.3
+36.1%
Other liabilities
253
257
204
-1.7%
Total liabilities and equity
587
684
580
-14.2%
Fixed assets
65.5
60.0
59.8
+9.3%
Goodwill
8.6
8.6
8.6
0.0%
Investments
n/a
n/a
45.0
Securities held for sale or to maturity
n/a
298
n/a
Cash and equivalents
161
298
198
-45.8%
Receivables
170
140
112
+21.6%
Other assets
181
n/a
158
Total assets
587
684
580
-14.2%
10-K for the year ended 30 December 2022, filed 24 February 2023: the filing.