Huntington Ingalls Industries (HII) FY2022 results: revenue $10.7 billion, up 12.1% on the year
Huntington Ingalls Industries, Inc. (HII) reported revenue of $10.7 billion for fiscal 2022, the year ended 31 December 2022, up 12.1% on the year before. Net income was $579 million, up 6.4%, and diluted earnings per share $14.44. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2023.
Revenue
$10.7 billion
+12.1% on the year
FY2015FY2022
Operating margin
5.3%
5.4% a year earlier
FY2015FY2022
Net income
$579 million
+6.4% on the year
FY2015FY2022
Diluted EPS
$14.44
+7.0% 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
766
760
1,093
+0.8%
Capital expenditure
284
331
353
-14.2%
Free cash flow
482
429
740
+12.4%
Free cash flow margin
4.5%
4.5%
7.9%
Cash from investing
-268
-1,954
-759
Cash from financing
-658
1,309
103
Depreciation and amortisation
358
293
247
+22.2%
Share-based compensation
36.0
33.0
23.0
+9.1%
Buybacks
52.0
101
84.0
-48.5%
Dividends paid
192
186
172
+3.2%
Dividend per share
$4.78
$4.60
$4.23
+3.9%
Diluted shares, weighted
40m
40m
41m
-0.5%
Shares outstanding at period end
40m
40m
40m
-0.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,489
2,808
1,901
+24.3%
Debt
2,905
3,298
1,754
-11.9%
Operating lease liabilities
246
194
157
+26.8%
Other liabilities
4,217
4,327
4,345
-2.5%
Total liabilities and equity
10,857
10,627
8,157
+2.2%
Fixed assets
3,198
3,107
2,978
+2.9%
Goodwill
2,618
2,628
1,617
-0.4%
Intangible assets
1,019
1,159
512
-12.1%
Cash and equivalents
467
627
512
-25.5%
Receivables
636
433
397
+46.9%
Other assets
2,919
2,673
2,141
+9.2%
Total assets
10,857
10,627
8,157
+2.2%
10-K for the year ended 31 December 2022, filed 9 February 2023: the filing.