HNI (HNI) FY2022 results: revenue $2.4 billion, up 8.1% on the year
HNI Corp. (HNI) reported revenue of $2.4 billion for fiscal 2022, the year ended 31 December 2022, up 8.1% on the year before. Net income was $124 million, up 107.1%, and diluted earnings per share $2.94. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$2.4 billion
+8.1% on the year
FY2015FY2022
Operating margin
6.6%
3.9% a year earlier
FY2015FY2022
Net income
$124 million
+107.1% on the year
FY2015FY2022
Diluted EPS
$2.94
+116.2% 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
81.2
132
214
-38.3%
Capital expenditure
68.4
66.5
41.8
+2.8%
Free cash flow
12.8
65.1
173
-80.3%
Free cash flow margin
0.5%
3.0%
8.8%
Cash from investing
-10.7
-111
-100
Cash from financing
-105
-84.5
-50.0
Depreciation and amortisation
84.2
83.1
77.7
+1.3%
Share-based compensation
9.0
12.9
7.8
-30.1%
Buybacks
65.2
59.2
6.8
+10.2%
Dividends paid
53.2
53.8
52.1
-1.0%
Dividend per share
$1.27
$1.24
$1.22
+2.4%
Diluted shares, weighted
42m
44m
43m
-4.0%
Shares outstanding at period end
41m
43m
43m
-2.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
616
590
590
+4.6%
Non-controlling interest
0.3
0.3
0.3
0.0%
Debt
190
178
175
+6.9%
Operating lease liabilities
78.9
63.8
53.2
+23.8%
Finance lease liabilities
7.7
7.4
4.5
+4.1%
Other liabilities
521
659
594
-20.9%
Total liabilities and equity
1,414
1,498
1,418
-5.6%
Fixed assets
352
367
366
-3.9%
Goodwill
306
297
292
+2.9%
Intangible assets
118
148
140
-19.8%
Investments
14.3
15.8
15.1
-9.6%
Cash and equivalents
17.4
52.3
116
-66.7%
Receivables
218
240
208
-9.0%
Inventory
180
182
138
-0.8%
Other assets
208
197
143
+5.6%
Total assets
1,414
1,498
1,418
-5.6%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.