W.W. Grainger (GWW) FY2022 results: revenue $15.2 billion, up 16.9% on the year
W.W. Grainger, Inc. (GWW) reported revenue of $15.2 billion for fiscal 2022, the year ended 31 December 2022, up 16.9% on the year before. Net income was $1.5 billion, up 48.3%, and diluted earnings per share $30.06. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2023.
Revenue
$15.2 billion
+16.9% on the year
FY2015FY2022
Operating margin
14.5%
11.9% a year earlier
FY2015FY2022
Net income
$1.5 billion
+48.3% on the year
FY2015FY2022
Diluted EPS
$30.06
+51.5% 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
1,333
937
1,123
+42.3%
Capital expenditure
256
255
197
+0.4%
Free cash flow
1,077
682
926
+57.9%
Free cash flow margin
7.1%
5.2%
7.8%
Cash from investing
-263
-226
-179
Cash from financing
-972
-1,039
-726
Depreciation and amortisation
206
173
169
+19.1%
Share-based compensation
48.0
42.0
46.0
+14.3%
Buybacks
603
695
601
-13.2%
Dividends paid
370
357
338
+3.6%
Dividend per share
$6.78
$6.39
$5.94
+6.1%
Diluted shares, weighted
51m
52m
54m
-2.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,440
1,874
1,828
+30.2%
Non-controlling interest
295
286
265
+3.1%
Short-term borrowings
n/a
n/a
0.0
Debt
2,319
2,362
2,397
-1.8%
Operating lease liabilities
318
334
162
-4.8%
Other liabilities
2,216
1,736
1,643
+27.6%
Total liabilities and equity
7,588
6,592
6,295
+15.1%
Fixed assets
1,461
1,424
1,395
+2.6%
Goodwill
371
384
391
-3.4%
Intangible assets
232
238
228
-2.5%
Cash and equivalents
325
241
585
+34.9%
Receivables
2,133
1,754
1,474
+21.6%
Inventory
2,253
1,870
1,733
+20.5%
Other assets
813
681
489
+19.4%
Total assets
7,588
6,592
6,295
+15.1%
10-K for the year ended 31 December 2022, filed 21 February 2023: the filing.