Invitation Homes (INVH) FY2022 results: revenue $2.2 billion, up 12.1% on the year
Invitation Homes Inc. (INVH) reported revenue of $2.2 billion for fiscal 2022, the year ended 31 December 2022, up 12.1% on the year before. Net income was $383 million, up 46.6%, and diluted earnings per share $0.63. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2023.
Revenue
$2.2 billion
+12.1% on the year
FY2015FY2022
Operating margin
14.2%
11.0% a year earlier
FY2015FY2022
Net income
$383 million
+46.6% on the year
FY2015FY2022
Diluted EPS
$0.63
+40.0% 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
1,024
908
697
+12.8%
Capital expenditure
122
77.4
98.8
+58.1%
Free cash flow
901
830
598
+8.5%
Free cash flow margin
40.3%
41.6%
32.8%
Cash from investing
-814
-1,160
-425
Cash from financing
-574
659
-146
Share-based compensation
29.0
27.2
17.1
+6.6%
Dividends paid
539
394
332
+36.9%
Dividend per share
$0.88
$0.68
$0.60
+29.4%
Diluted shares, weighted
611m
579m
555m
+5.5%
Shares outstanding at period end
611m
601m
567m
+1.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
10,291
9,798
8,505
+5.0%
Non-controlling interest
32.3
41.1
51.2
-21.4%
Debt
7,769
7,999
8,032
-2.9%
Other liabilities
444
700
919
-36.6%
Total liabilities and equity
18,537
18,538
17,506
-0.0%
Fixed assets
24.5
16.6
10.0
+47.5%
Goodwill
258
258
258
0.0%
Securities held for sale or to maturity
87.0
157
245
-44.7%
Cash and equivalents
263
610
213
-56.9%
Other assets
17,904
17,496
16,779
+2.3%
Total assets
18,537
18,538
17,506
-0.0%
10-K for the year ended 31 December 2022, filed 22 February 2023: the filing.