Fox Factory Holding (FOXF) FY2022 results: revenue $1.6 billion, up 23.4% on the year
Fox Factory Holding Corp. (FOXF) reported revenue of $1.6 billion for fiscal 2022, the year ended 30 December 2022, up 23.4% on the year before. Net income was $205 million, up 25.3%, and diluted earnings per share $4.84. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$1.6 billion
+23.4% on the year
FY2015FY2022
Operating margin
15.4%
15.2% a year earlier
FY2015FY2022
Net income
$205 million
+25.3% on the year
FY2015FY2022
Diluted EPS
$4.84
+25.1% 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
187
63.2
82.5
+196.1%
Capital expenditure
43.7
54.8
56.7
-20.3%
Free cash flow
143
8.3
25.8
+1,619.8%
Free cash flow margin
8.9%
0.6%
2.9%
Cash from investing
-44.7
-105
-389
Cash from financing
-179
-23.8
507
Depreciation and amortisation
49.2
43.4
33.9
+13.4%
Share-based compensation
16.4
13.9
8.6
+17.5%
Buybacks
0.0
0.0
n/a
Diluted shares, weighted
42m
42m
41m
+0.0%
Shares outstanding at period end
42m
42m
42m
+0.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,121
894
719
+25.4%
Redeemable equity
0.0
0.0
0.0
Debt
200
378
390
-47.2%
Operating lease liabilities
37.1
28.9
19.1
+28.3%
Other liabilities
260
214
159
+21.3%
Total liabilities and equity
1,618
1,516
1,287
+6.8%
Fixed assets
202
192
163
+5.3%
Goodwill
324
323
289
+0.2%
Intangible assets
179
197
204
-9.2%
Cash and equivalents
145
180
246
-19.2%
Receivables
200
142
121
+41.1%
Inventory
351
280
127
+25.3%
Other assets
217
202
135
+7.4%
Total assets
1,618
1,516
1,287
+6.8%
10-K for the year ended 30 December 2022, filed 23 February 2023: the filing.