Global Payments (GPN) FY2022 results: revenue $9.0 billion, up 5.3% on the year
Global Payments Inc. (GPN) reported revenue of $9.0 billion for fiscal 2022, the year ended 31 December 2022, up 5.3% on the year before. Net income was $111 million, down 88.5%, and diluted earnings per share $0.40. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2023.
Revenue
$9.0 billion
+5.3% on the year
FY2016FY2022
Operating margin
7.1%
15.9% a year earlier
FY2016FY2022
Net income
$111 million
-88.5% on the year
FY2016FY2022
Diluted EPS
$0.40
-87.8% 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
2,244
2,781
2,314
-19.3%
Capital expenditure
616
493
436
+24.8%
Free cash flow
1,628
2,288
1,878
-28.8%
Free cash flow margin
18.1%
26.8%
25.3%
Cash from investing
-676
-2,294
-438
Cash from financing
-1,377
-405
-1,546
Depreciation and amortisation
1,662
1,691
1,614
-1.7%
Share-based compensation
163
181
149
-9.7%
Buybacks
2,921
2,534
631
+15.3%
Dividends paid
274
260
233
+5.5%
Dividend per share
$1.00
$0.89
$0.78
+12.4%
Diluted shares, weighted
276m
294m
301m
-6.2%
Shares outstanding at period end
263m
285m
298m
-7.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
22,304
25,628
27,332
-13.0%
Non-controlling interest
237
241
155
-1.9%
Redeemable equity
0.0
n/a
n/a
Debt
14,206
11,978
9,652
+18.6%
Operating lease liabilities
440
551
448
-20.2%
Finance lease liabilities
19.6
44.5
57.8
-56.1%
Other liabilities
7,604
6,838
6,556
+11.2%
Total liabilities and equity
44,809
45,280
44,202
-1.0%
Fixed assets
n/a
n/a
1,579
Goodwill
23,321
24,813
23,871
-6.0%
Intangible assets
9,658
11,634
12,016
-17.0%
Cash and equivalents
1,998
1,979
1,946
+0.9%
Receivables
998
946
794
+5.5%
Other assets
8,834
5,907
3,996
+49.5%
Total assets
44,809
45,280
44,202
-1.0%
10-K for the year ended 31 December 2022, filed 17 February 2023: the filing.