Masco (MAS) FY2022 results: revenue $8.7 billion, up 3.6% on the year
Masco Corp. (MAS) reported revenue of $8.7 billion for fiscal 2022, the year ended 31 December 2022, up 3.6% on the year before. Net income was $844 million, up 105.9%, and diluted earnings per share $3.63. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2023.
Revenue
$8.7 billion
+3.6% on the year
FY2015FY2022
Operating margin
14.9%
16.8% a year earlier
FY2015FY2022
Net income
$844 million
+105.9% on the year
FY2015FY2022
Diluted EPS
$3.63
+124.1% 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
840
930
953
-9.7%
Capital expenditure
224
128
114
+75.0%
Free cash flow
616
802
839
-23.2%
Free cash flow margin
7.1%
9.6%
11.7%
Cash from investing
-230
-12.0
531
Cash from financing
-1,066
-1,298
-886
Depreciation and amortisation
145
151
133
-4.0%
Share-based compensation
49.0
61.0
45.0
-19.7%
Buybacks
914
1,026
727
-10.9%
Dividends paid
258
211
145
+22.3%
Dividend per share
$1.12
$0.70
$0.55
+58.9%
Diluted shares, weighted
232m
251m
264m
-7.6%
Shares outstanding at period end
225m
241m
258m
-6.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
-480
-179
195
Non-controlling interest
218
235
226
-7.2%
Redeemable equity
20.0
22.0
0.0
-9.1%
Debt
3,151
2,959
2,795
+6.5%
Operating lease liabilities
255
172
149
+48.3%
Finance lease liabilities
20.0
23.0
26.0
-13.0%
Other liabilities
2,003
2,343
2,386
-14.5%
Total liabilities and equity
5,187
5,575
5,777
-7.0%
Fixed assets
975
896
908
+8.8%
Goodwill
537
568
563
-5.5%
Intangible assets
350
388
357
-9.8%
Cash and equivalents
452
926
1,326
-51.2%
Receivables
1,149
1,171
1,138
-1.9%
Inventory
1,236
1,216
876
+1.6%
Other assets
488
410
609
+19.0%
Total assets
5,187
5,575
5,777
-7.0%
10-K for the year ended 31 December 2022, filed 9 February 2023: the filing.