Idex (IEX) FY2022 results: revenue $3.2 billion, up 15.1% on the year
Idex Corp. (IEX) reported revenue of $3.2 billion for fiscal 2022, the year ended 31 December 2022, up 15.1% on the year before. Net income was $587 million, up 30.6%, and diluted earnings per share $7.71. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$3.2 billion
+15.1% on the year
FY2015FY2022
Operating margin
23.6%
23.0% a year earlier
FY2015FY2022
Net income
$587 million
+30.6% on the year
FY2015FY2022
Diluted EPS
$7.71
+31.1% 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
557
565
569
-1.4%
Capital expenditure
68.0
72.7
51.5
-6.5%
Free cash flow
489
493
518
-0.6%
Free cash flow margin
15.4%
17.8%
22.0%
Cash from investing
-917
-698
-173
Cash from financing
-37.8
-9.5
-42.6
Depreciation and amortisation
120
103
83.5
+16.2%
Share-based compensation
21.6
20.4
14.8
+5.9%
Buybacks
148
0.0
110
Dividends paid
177
161
152
+10.1%
Dividend per share
$2.40
$2.16
$2.00
+11.1%
Diluted shares, weighted
76m
76m
76m
-0.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,039
2,803
2,540
+8.4%
Non-controlling interest
0.3
0.0
0.1
Short-term borrowings
n/a
0.0
0.1
Debt
1,478
1,200
1,050
+23.1%
Operating lease liabilities
96.6
93.4
94.2
+3.4%
Other liabilities
898
821
730
+9.4%
Total liabilities and equity
5,512
4,917
4,414
+12.1%
Fixed assets
382
327
298
+16.7%
Goodwill
2,638
2,168
1,896
+21.7%
Intangible assets
948
597
416
+58.7%
Securities held for sale or to maturity
n/a
n/a
13.6
Cash and equivalents
430
855
1,026
-49.7%
Receivables
431
355
288
+21.5%
Inventory
471
370
290
+27.1%
Other assets
212
244
187
-13.4%
Total assets
5,512
4,917
4,414
+12.1%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.