Warrior Met Coal (HCC) FY2022 results: revenue $1.7 billion, up 64.2% on the year
Warrior Met Coal, Inc. (HCC) reported revenue of $1.7 billion for fiscal 2022, the year ended 31 December 2022, up 64.2% on the year before. Net income was $641 million, up 325.0%, and diluted earnings per share $12.40. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2023.
Revenue
$1.7 billion
+64.2% on the year
FY2016FY2022
Operating margin
46.1%
23.0% a year earlier
FY2016FY2022
Net income
$641 million
+325.0% on the year
FY2016FY2022
Diluted EPS
$12.40
+323.2% 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
842
352
113
+139.5%
Capital expenditure
205
57.9
87.5
+254.5%
Free cash flow
637
294
25.1
+116.8%
Free cash flow margin
36.6%
27.7%
3.2%
Cash from investing
-255
-71.1
-108
Cash from financing
-153
-96.5
14.1
Depreciation and amortisation
115
141
118
-18.5%
Share-based compensation
17.6
9.4
7.6
+88.1%
Buybacks
n/a
0.0
0.0
Dividends paid
79.7
10.5
10.4
+662.0%
Dividend per share
$1.54
$0.20
$0.20
+670.0%
Diluted shares, weighted
52m
51m
51m
+0.5%
Shares outstanding at period end
52m
51m
51m
+0.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,448
872
725
+66.0%
Debt
303
340
380
-11.0%
Finance lease liabilities
9.0
28.4
24.1
-68.3%
Other liabilities
269
224
265
+20.1%
Total liabilities and equity
2,028
1,464
1,394
+38.5%
Cash and equivalents
829
396
212
+109.5%
Receivables
152
122
83.3
+24.3%
Inventory
154
59.6
119
+158.4%
Other assets
893
887
980
+0.7%
Total assets
2,028
1,464
1,394
+38.5%
10-K for the year ended 31 December 2022, filed 15 February 2023: the filing.