Diamondback Energy (FANG) FY2022 results: revenue $9.6 billion, up 41.9% on the year
Diamondback Energy, Inc. (FANG) reported revenue of $9.6 billion for fiscal 2022, the year ended 31 December 2022, up 41.9% on the year before. Net income was $4.4 billion, up 101.0%, and diluted earnings per share $24.61. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$9.6 billion
+41.9% on the year
FY2016FY2022
Operating margin
67.5%
58.9% a year earlier
FY2016FY2022
Net income
$4.4 billion
+101.0% on the year
FY2016FY2022
Diluted EPS
$24.61
+100.1% 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
6,325
3,944
2,118
+60.4%
Cash from investing
-3,330
-1,539
-2,101
Cash from financing
-3,503
-1,841
-37.0
Depreciation and amortisation
1,344
1,275
1,311
+5.4%
Share-based compensation
55.0
51.0
37.0
+7.8%
Buybacks
1,098
431
98.0
+154.8%
Dividends paid
1,572
312
236
+403.8%
Dividend per share
$11.31
$1.95
$1.52
+480.0%
Diluted shares, weighted
177m
177m
158m
-0.5%
Shares outstanding at period end
180m
178m
158m
+1.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
15,009
12,088
8,794
+24.2%
Non-controlling interest
681
1,157
1,010
-41.1%
Debt
6,238
6,687
5,815
-6.7%
Other liabilities
4,281
2,966
2,000
+44.3%
Total liabilities and equity
26,209
22,898
17,619
+14.5%
Fixed assets
23,759
20,619
16,214
+15.2%
Cash and equivalents
157
654
104
-76.0%
Receivables
618
598
281
+3.3%
Inventory
67.0
62.0
33.0
+8.1%
Other assets
1,608
965
987
+66.6%
Total assets
26,209
22,898
17,619
+14.5%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.