Fortune Brands Innovations (FBIN) FY2022 results: revenue $4.7 billion, down 1.6% on the year
Fortune Brands Innovations, Inc. (FBIN) reported revenue of $4.7 billion for fiscal 2022, the year ended 31 December 2022, down 1.6% on the year before. Net income was $687 million, down 11.1%, and diluted earnings per share $5.23. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$4.7 billion
-1.6% on the year
FY2015FY2022
Operating margin
16.4%
16.9% a year earlier
FY2015FY2022
Net income
$687 million
-11.1% on the year
FY2015FY2022
Diluted EPS
$5.23
-5.6% 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
566
689
826
-17.8%
Capital expenditure
246
214
150
+14.9%
Free cash flow
320
474
675
-32.5%
Free cash flow margin
6.8%
9.9%
18.6%
Cash from investing
-456
-207
-924
Cash from financing
72.5
-429
112
Depreciation and amortisation
175
171
146
+2.0%
Share-based compensation
50.2
50.2
47.6
0.0%
Buybacks
580
448
188
+29.6%
Dividends paid
146
143
133
+1.8%
Dividend per share
$1.07
$1.06
$0.98
+0.9%
Diluted shares, weighted
131m
140m
140m
-5.9%
Shares outstanding at period end
128m
135m
139m
-5.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,087
3,065
2,776
-31.9%
Short-term borrowings
599
400
n/a
+49.8%
Debt
2,674
2,710
2,572
-1.3%
Operating lease liabilities
95.4
109
140
-12.3%
Other liabilities
666
n/a
1,870
Total liabilities and equity
6,121
5,446
7,359
+12.4%
Fixed assets
784
671
917
+16.8%
Goodwill
1,641
1,539
1,469
+6.6%
Intangible assets
1,001
968
1,420
+3.4%
Cash and equivalents
642
426
419
+51.0%
Receivables
522
580
735
-10.1%
Inventory
1,021
890
867
+14.8%
Other assets
510
373
1,531
+36.7%
Total assets
6,121
5,446
7,359
+12.4%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.