Kinder Morgan (KMI) FY2022 results: revenue $19.2 billion, up 15.6% on the year
Kinder Morgan, Inc. (KMI) reported revenue of $19.2 billion for fiscal 2022, the year ended 31 December 2022, up 15.6% on the year before. Net income was $2.5 billion, up 42.8%, and diluted earnings per share $1.12. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2023.
Revenue
$19.2 billion
+15.6% on the year
FY2015FY2022
Operating margin
21.2%
17.6% a year earlier
FY2015FY2022
Net income
$2.5 billion
+42.8% on the year
FY2015FY2022
Diluted EPS
$1.12
+43.6% 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
4,967
5,708
4,550
-13.0%
Capital expenditure
1,621
1,281
1,707
+26.5%
Free cash flow
3,346
4,427
2,843
-24.4%
Free cash flow margin
17.4%
26.7%
24.3%
Cash from investing
-2,175
-2,305
-911
Cash from financing
-3,145
-3,465
-2,638
Depreciation and amortisation
2,186
2,135
2,164
+2.4%
Buybacks
368
0.0
50.0
Dividends paid
2,504
2,443
2,362
+2.5%
Dividend per share
$1.11
$1.08
$1.05
+2.8%
Diluted shares, weighted
2,258m
2,266m
2,263m
-0.4%
Shares outstanding at period end
2,248m
2,267m
2,264m
-0.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
30,742
30,823
31,436
-0.3%
Non-controlling interest
1,372
1,098
402
+25.0%
Redeemable equity
n/a
0.0
728
Debt
31,788
33,320
34,689
-4.6%
Operating lease liabilities
240
270
263
-11.1%
Finance lease liabilities
n/a
1.0
1.0
Other liabilities
5,936
4,904
4,454
+21.0%
Total liabilities and equity
70,078
70,416
71,973
-0.5%
Fixed assets
35,599
35,653
35,836
-0.2%
Goodwill
19,965
19,914
19,851
+0.3%
Intangible assets
1,809
1,678
2,453
+7.8%
Investments
7,653
7,578
7,917
+1.0%
Cash and equivalents
745
1,140
1,184
-34.6%
Inventory
634
562
348
+12.8%
Other assets
3,673
3,891
4,384
-5.6%
Total assets
70,078
70,416
71,973
-0.5%
10-K for the year ended 31 December 2022, filed 8 February 2023: the filing.