Lennox International (LII) FY2022 results: revenue $4.7 billion, up 12.5% on the year
Lennox International Inc. (LII) reported revenue of $4.7 billion for fiscal 2022, the year ended 31 December 2022, up 12.5% on the year before. Net income was $497 million, up 7.1%, and diluted earnings per share $13.88. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2023.
Revenue
$4.7 billion
+12.5% on the year
FY2015FY2022
Operating margin
13.9%
14.1% a year earlier
FY2015FY2022
Net income
$497 million
+7.1% on the year
FY2015FY2022
Diluted EPS
$13.88
+12.0% 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
302
516
612
-41.4%
Capital expenditure
101
107
78.5
-5.3%
Free cash flow
201
409
534
-50.8%
Free cash flow margin
4.3%
9.7%
14.7%
Cash from investing
-103
-106
-79.7
Cash from financing
-174
-499
-442
Depreciation and amortisation
77.9
72.4
72.6
+7.6%
Share-based compensation
21.8
24.3
24.3
-10.3%
Buybacks
300
600
100
-50.0%
Dividends paid
142
126
118
+12.3%
Dividend per share
$4.10
$3.53
$3.08
+16.1%
Diluted shares, weighted
36m
38m
39m
-4.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
-203
-269
-17.1
Debt
1,525
1,238
981
+23.2%
Operating lease liabilities
162
145
143
+11.6%
Finance lease liabilities
28.3
29.0
29.3
-2.4%
Other liabilities
1,056
1,029
897
+2.6%
Total liabilities and equity
2,568
2,172
2,032
+18.2%
Fixed assets
549
515
464
+6.6%
Goodwill
186
187
187
-0.2%
Investments
8.5
5.5
5.1
+54.5%
Cash and equivalents
52.6
31.0
124
+69.7%
Receivables
608
508
448
+19.7%
Inventory
753
511
439
+47.4%
Other assets
410
414
365
-1.1%
Total assets
2,568
2,172
2,032
+18.2%
10-K for the year ended 31 December 2022, filed 21 February 2023: the filing.