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GoDaddy (GDDY) FY2022 results: revenue $4.1 billion, up 7.2% on the year

GoDaddy Inc. (GDDY) reported revenue of $4.1 billion for fiscal 2022, the year ended 31 December 2022, up 7.2% on the year before. Net income was $352 million, up 45.4%, and diluted earnings per share $2.19. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2023.

Revenue
$4.1 billion
+7.2% on the year
FY2016FY2022
Operating margin
12.2%
10.0% a year earlier
FY2016FY2022
Net income
$352 million
+45.4% on the year
FY2016FY2022
Diluted EPS
$2.19
+54.2% on the year
FY2016FY2022

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2022 · Q2 FY2022 · Q3 FY2022 · Q4 FY2022

Income statement (profit and loss)

$ millionFY2022FY2021FY2020On the yearLast 8 years
Revenue4,0913,8163,317+7.2%
Cost of revenue1,4841,3721,159+8.2%
Gross profit2,6072,4442,158+6.7%
Gross margin63.7%64.0%65.1%
Operating income499382272+30.5%
Operating margin12.2%10.0%8.2%
Interest expense14612691.3+16.1%
Pre-tax income356254-495+40.6%
Income tax3.610.8-1.3-66.7%
Effective tax rate1.0%4.3%n/a
Net income352242-495+45.4%
Net margin8.6%6.4%-14.9%
Diluted EPS$2.19$1.42-$2.94+54.2%
$ 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

$ millionFY2022FY2021FY2020On the yearLast 8 years
Operating cash flow980829765+18.1%
Capital expenditure59.751.166.5+16.8%
Free cash flow920778698+18.2%
Free cash flow margin22.5%20.4%21.0%
Cash from investing-132-636-482
Cash from financing-1,327298-582
Depreciation and amortisation195200203-2.5%
Share-based compensation264208192+27.2%
Buybacks1,295526542+146.1%
Diluted shares, weighted161m171m169m-5.6%

Balance sheet

$ millionFY2022FY2021FY2020On the yearLast 8 years
Shareholders' equity-33281.7-12.9
Non-controlling interest2.51.51.1+66.7%
Debt3,8313,8823,114-1.3%
Operating lease liabilities116143167-18.4%
Other liabilities3,3553,3093,164+1.4%
Total liabilities and equity6,9747,4176,433-6.0%
Fixed assets226220257+2.5%
Goodwill3,5373,5413,275-0.1%
Intangible assets1,2521,3851,255-9.6%
Investments0.0n/a0.0
Cash and equivalents7741,256765-38.4%
Receivables60.163.641.8-5.5%
Other assets1,125952838+18.1%
Total assets6,9747,4176,433-6.0%

10-K for the year ended 31 December 2022, filed 16 February 2023: the filing.