Goodyear Tire & Rubber (GT) FY2022 results: revenue $20.8 billion, up 19.0% on the year
Goodyear Tire & Rubber Co. (GT) reported revenue of $20.8 billion for fiscal 2022, the year ended 31 December 2022, up 19.0% on the year before. Net income was $202 million, down 73.6%, and diluted earnings per share $0.71. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2023.
Revenue
$20.8 billion
+19.0% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$202 million
-73.6% on the year
FY2015FY2022
Diluted EPS
$0.71
-75.4% 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
521
1,062
1,115
-50.9%
Capital expenditure
1,061
981
647
+8.2%
Free cash flow
-540
81.0
468
Free cash flow margin
-2.6%
0.5%
3.8%
Cash from investing
-914
-2,793
-667
Cash from financing
575
1,309
203
-56.1%
Depreciation and amortisation
964
883
859
+9.2%
Share-based compensation
14.0
36.0
31.0
-61.1%
Buybacks
n/a
n/a
0.0
Dividends paid
0.0
0.0
37.0
Dividend per share
$0.00
$0.00
$0.16
Diluted shares, weighted
286m
264m
234m
+8.3%
Shares outstanding at period end
283m
282m
233m
+0.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
5,300
4,999
3,078
+6.0%
Non-controlling interest
166
185
181
-10.3%
Debt
7,890
7,397
5,990
+6.7%
Operating lease liabilities
821
819
684
+0.2%
Finance lease liabilities
247
237
232
+4.2%
Other liabilities
8,007
7,765
6,341
+3.1%
Total liabilities and equity
22,431
21,402
16,506
+4.8%
Goodwill
1,014
1,004
408
+1.0%
Intangible assets
1,004
1,039
135
-3.4%
Cash and equivalents
1,227
1,088
1,539
+12.8%
Receivables
2,610
2,387
1,691
+9.3%
Inventory
4,571
3,594
2,153
+27.2%
Other assets
12,005
12,290
10,580
-2.3%
Total assets
22,431
21,402
16,506
+4.8%
10-K for the year ended 31 December 2022, filed 13 February 2023: the filing.