Kraft Heinz (KHC) FY2022 results: revenue $26.5 billion, up 1.7% on the year
Kraft Heinz Co. (KHC) reported revenue of $26.5 billion for fiscal 2022, the year ended 31 December 2022, up 1.7% on the year before. Net income was $2.4 billion, up 133.5%, and diluted earnings per share $1.91. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2023.
Revenue
$26.5 billion
+1.7% on the year
FY2015FY2022
Operating margin
13.7%
13.3% a year earlier
FY2015FY2022
Net income
$2.4 billion
+133.5% on the year
FY2015FY2022
Diluted EPS
$1.91
+132.9% 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
2,469
5,364
4,929
-54.0%
Capital expenditure
916
905
596
+1.2%
Free cash flow
1,553
4,459
4,333
-65.2%
Free cash flow margin
5.9%
17.1%
16.5%
Cash from investing
-1,091
4,038
-522
Cash from financing
-3,714
-9,344
-3,331
Depreciation and amortisation
933
910
969
+2.5%
Share-based compensation
148
197
156
-24.9%
Buybacks
280
271
n/a
+3.3%
Dividends paid
1,960
1,959
1,958
+0.1%
Dividend per share
$1.60
$1.60
$1.60
0.0%
Diluted shares, weighted
1,235m
1,236m
1,228m
-0.1%
Shares outstanding at period end
1,225m
1,224m
1,223m
+0.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
48,678
49,298
50,103
-1.3%
Non-controlling interest
152
150
140
+1.3%
Redeemable equity
40.0
4.0
0.0
+900.0%
Debt
20,070
21,815
28,306
-8.0%
Operating lease liabilities
585
484
475
+20.9%
Finance lease liabilities
93.0
98.0
116
-5.1%
Other liabilities
20,895
21,545
20,690
-3.0%
Total liabilities and equity
90,513
93,394
99,830
-3.1%
Goodwill
30,833
31,296
33,089
-1.5%
Intangible assets
42,649
43,542
46,667
-2.1%
Cash and equivalents
1,040
3,445
3,417
-69.8%
Receivables
2,120
1,957
2,063
+8.3%
Inventory
3,651
2,729
2,773
+33.8%
Other assets
10,220
10,425
11,821
-2.0%
Total assets
90,513
93,394
99,830
-3.1%
10-K for the year ended 31 December 2022, filed 16 February 2023: the filing.