LyondellBasell Industries (LYB) FY2022 results: revenue $50.5 billion, up 9.3% on the year
LyondellBasell Industries N.V. (LYB) reported revenue of $50.5 billion for fiscal 2022, the year ended 31 December 2022, up 9.3% on the year before. Net income was $3.9 billion, down 30.8%, and diluted earnings per share $11.81. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$50.5 billion
+9.3% on the year
FY2015FY2022
Operating margin
10.1%
14.7% a year earlier
FY2015FY2022
Net income
$3.9 billion
-30.8% on the year
FY2015FY2022
Diluted EPS
$11.81
-29.5% 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
6,119
7,695
3,404
-20.5%
Capital expenditure
1,890
1,959
1,947
-3.5%
Free cash flow
4,229
5,736
1,457
-26.3%
Free cash flow margin
8.4%
12.4%
5.2%
Cash from investing
-1,977
-1,502
-4,906
Cash from financing
-3,407
-6,385
2,271
Depreciation and amortisation
1,267
1,393
1,385
-9.0%
Share-based compensation
70.0
66.0
55.0
+6.1%
Buybacks
420
463
4.0
-9.3%
Dividends paid
3,246
1,486
1,405
+118.4%
Dividend per share
$4.70
$4.44
$4.20
+5.9%
Shares outstanding at period end
326m
330m
334m
-1.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
12,615
11,858
7,971
+6.4%
Non-controlling interest
14.0
14.0
17.0
0.0%
Redeemable equity
114
116
116
-1.7%
Debt
11,321
11,614
15,957
-2.5%
Operating lease liabilities
1,510
1,649
1,222
-8.4%
Other liabilities
10,791
11,491
10,120
-6.1%
Total liabilities and equity
36,365
36,742
35,403
-1.0%
Fixed assets
15,387
14,556
14,386
+5.7%
Goodwill
1,827
1,875
1,953
-2.6%
Intangible assets
662
695
751
-4.7%
Investments
1,191
438
682
+171.9%
Cash and equivalents
2,151
1,472
1,763
+46.1%
Receivables
3,392
4,565
3,291
-25.7%
Inventory
4,804
4,901
4,344
-2.0%
Other assets
6,951
8,240
8,233
-15.6%
Total assets
36,365
36,742
35,403
-1.0%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.