Martin Marietta Materials (MLM) FY2022 results: revenue $6.2 billion, up 13.8% on the year
Martin Marietta Materials Inc. (MLM) reported revenue of $6.2 billion for fiscal 2022, the year ended 31 December 2022, up 13.8% on the year before. Net income was $867 million, up 23.4%, and diluted earnings per share $13.87. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$6.2 billion
+13.8% on the year
FY2015FY2022
Operating margin
19.6%
18.0% a year earlier
FY2015FY2022
Net income
$867 million
+23.4% on the year
FY2015FY2022
Diluted EPS
$13.87
+23.6% 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
991
1,138
1,050
-12.9%
Capital expenditure
482
423
360
+13.9%
Free cash flow
509
715
690
-28.7%
Free cash flow margin
8.3%
13.2%
14.6%
Cash from investing
-484
-3,475
-410
Cash from financing
-408
2,291
-357
Depreciation and amortisation
506
452
394
+12.0%
Share-based compensation
43.0
43.0
30.0
0.0%
Buybacks
150
0.0
50.0
Dividends paid
160
148
140
+8.3%
Dividend per share
$2.54
$2.36
$2.24
+7.6%
Diluted shares, weighted
62m
63m
62m
-0.2%
Shares outstanding at period end
62m
62m
62m
-0.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
7,170
6,535
5,891
+9.7%
Non-controlling interest
2.3
2.3
2.6
0.0%
Debt
5,040
5,101
2,626
-1.2%
Operating lease liabilities
336
379
410
-11.5%
Finance lease liabilities
182
191
21.2
-4.7%
Other liabilities
2,263
2,184
1,630
+3.6%
Total liabilities and equity
14,994
14,393
10,581
+4.2%
Fixed assets
6,317
6,338
5,242
-0.3%
Goodwill
3,650
3,494
2,414
+4.4%
Intangible assets
812
1,029
472
-21.1%
Cash and equivalents
358
258
207
+38.5%
Receivables
786
774
575
+1.5%
Inventory
874
753
709
+16.1%
Other assets
2,198
1,747
961
+25.8%
Total assets
14,994
14,393
10,581
+4.2%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.