LCI Industries (LCII) FY2022 results: revenue $5.2 billion, up 16.4% on the year
LCI Industries (LCII) reported revenue of $5.2 billion for fiscal 2022, the year ended 31 December 2022, up 16.4% on the year before. Net income was $395 million, up 37.3%, and diluted earnings per share $15.48. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$5.2 billion
+16.4% on the year
FY2015FY2022
Operating margin
10.6%
8.9% a year earlier
FY2015FY2022
Net income
$395 million
+37.3% on the year
FY2015FY2022
Diluted EPS
$15.48
+36.7% 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
603
-112
231
Capital expenditure
131
98.5
57.3
+32.6%
Free cash flow
472
-210
174
Free cash flow margin
9.1%
-4.7%
6.2%
Cash from investing
-242
-281
-232
Cash from financing
-375
405
14.0
Depreciation and amortisation
129
112
98.0
+15.0%
Share-based compensation
23.7
27.2
18.5
-12.8%
Buybacks
24.1
0.0
0.0
Dividends paid
103
87.2
70.4
+17.8%
Dividend per share
$4.05
$3.45
$2.80
+17.4%
Diluted shares, weighted
26m
25m
25m
+0.3%
Shares outstanding at period end
25m
25m
25m
-0.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,381
1,093
908
+26.4%
Debt
1,119
1,303
738
-14.1%
Operating lease liabilities
222
143
82.7
+55.1%
Other liabilities
524
749
569
-30.0%
Total liabilities and equity
3,247
3,288
2,298
-1.3%
Fixed assets
482
426
387
+13.1%
Goodwill
567
543
455
+4.4%
Intangible assets
503
520
421
-3.2%
Cash and equivalents
47.5
62.9
51.8
-24.5%
Receivables
214
320
269
-33.0%
Inventory
1,030
1,096
494
-6.0%
Other assets
403
320
221
+25.9%
Total assets
3,247
3,288
2,298
-1.3%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.