Metlife (MET) FY2022 results: revenue $68.8 billion, up 0.1% on the year
Metlife Inc. (MET) reported revenue of $68.8 billion for fiscal 2022, the year ended 31 December 2022, up 0.1% on the year before. Net income was $5.3 billion, down 22.9%, and diluted earnings per share $6.30. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$68.8 billion
+0.1% on the year
FY2015FY2022
Operating margin
8.7%
12.4% a year earlier
FY2015FY2022
Net income
$5.3 billion
-22.9% on the year
FY2015FY2022
Diluted EPS
$6.30
-17.6% 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
13,044
12,347
11,639
+5.6%
Cash from investing
-2,620
-11,187
-18,569
Cash from financing
-9,948
-1,126
10,729
Depreciation and amortisation
210
223
235
-5.8%
Share-based compensation
184
173
127
+6.4%
Buybacks
3,326
4,303
1,151
-22.7%
Dividends paid
1,598
1,647
1,657
-3.0%
Dividend per share
$1.98
$1.90
$1.82
+4.2%
Diluted shares, weighted
809m
869m
913m
-7.0%
Shares outstanding at period end
779m
826m
893m
-5.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
29,881
67,482
74,558
-55.7%
Non-controlling interest
244
267
259
-8.6%
Short-term borrowings
175
341
393
-48.7%
Debt
14,647
13,933
14,603
+5.1%
Other liabilities
618,125
677,685
705,333
-8.8%
Total liabilities and equity
663,072
759,708
795,146
-12.7%
Goodwill
9,297
9,535
10,112
-2.5%
Intangible assets
876
972
1,099
-9.9%
Investments
4,935
7,176
3,904
-31.2%
Loans
83,763
79,226
83,754
+5.7%
Trading assets
9,668
12,142
13,319
-20.4%
Cash and equivalents
20,195
20,047
19,795
+0.7%
Other assets
534,338
630,610
663,163
-15.3%
Total assets
663,072
759,708
795,146
-12.7%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.