J.B. Hunt Transport Services (JBHT) FY2022 results: revenue $14.8 billion, up 21.7% on the year
J.B. Hunt Transport Services, Inc. (JBHT) reported revenue of $14.8 billion for fiscal 2022, the year ended 31 December 2022, up 21.7% on the year before. Net income was $969 million, up 27.4%, and diluted earnings per share $9.21. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$14.8 billion
+21.7% on the year
FY2015FY2022
Operating margin
9.0%
8.6% a year earlier
FY2015FY2022
Net income
$969 million
+27.4% on the year
FY2015FY2022
Diluted EPS
$9.21
+29.0% 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
1,777
1,224
1,123
+45.2%
Capital expenditure
1,541
948
739
+62.6%
Free cash flow
236
276
384
-14.6%
Free cash flow margin
1.6%
2.3%
4.0%
Cash from investing
-1,550
-877
-613
Cash from financing
-530
-305
-232
Depreciation and amortisation
645
557
527
+15.7%
Share-based compensation
77.5
61.5
60.7
+26.1%
Buybacks
300
152
92.5
+97.8%
Dividends paid
167
124
114
+34.0%
Dividend per share
$1.60
$1.18
$1.08
+35.6%
Diluted shares, weighted
105m
107m
107m
-1.2%
Shares outstanding at period end
104m
105m
106m
-1.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,667
3,118
2,600
+17.6%
Debt
1,262
1,301
1,305
-3.0%
Other liabilities
2,858
2,375
2,023
+20.3%
Total liabilities and equity
7,787
6,794
5,928
+14.6%
Fixed assets
4,980
4,068
3,689
+22.4%
Goodwill
n/a
101
105
Intangible assets
116
90.6
107
+28.0%
Cash and equivalents
51.9
356
313
-85.4%
Receivables
1,528
1,507
1,124
+1.4%
Inventory
40.6
25.0
23.8
+62.2%
Other assets
1,070
648
566
+65.1%
Total assets
7,787
6,794
5,928
+14.6%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.