Merck (MRK) FY2022 results: revenue $59.3 billion, up 21.7% on the year
Merck & Co., Inc. (MRK) reported revenue of $59.3 billion for fiscal 2022, the year ended 31 December 2022, up 21.7% on the year before. Net income was $14.5 billion, up 11.3%, and diluted earnings per share $5.71. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$59.3 billion
+21.7% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$14.5 billion
+11.3% on the year
FY2015FY2022
Diluted EPS
$5.71
+11.1% 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
19,095
14,109
10,253
+35.3%
Capital expenditure
4,388
4,448
4,429
-1.3%
Free cash flow
14,707
9,661
5,824
+52.2%
Free cash flow margin
24.8%
19.8%
14.0%
Cash from investing
-4,960
n/a
-9,443
Cash from financing
-9,119
n/a
-2,832
Depreciation and amortisation
3,924
3,178
3,469
+23.5%
Share-based compensation
541
479
441
+12.9%
Buybacks
0.0
840
1,281
Dividends paid
7,012
6,610
6,215
+6.1%
Dividend per share
$2.80
$2.64
$2.48
+6.1%
Diluted shares, weighted
2,542m
2,538m
2,541m
+0.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
45,991
38,184
25,317
+20.4%
Non-controlling interest
67.0
73.0
87.0
-8.2%
Debt
30,700
33,100
31,800
-7.3%
Operating lease liabilities
1,013
1,225
1,335
-17.3%
Other liabilities
31,389
33,112
33,049
-5.2%
Total liabilities and equity
109,160
105,694
91,588
+3.3%
Fixed assets
21,422
19,279
17,000
+11.1%
Goodwill
21,204
21,264
18,882
-0.3%
Intangible assets
20,269
22,933
14,101
-11.6%
Investments
1,513
370
785
+308.9%
Cash and equivalents
12,694
8,096
8,062
+56.8%
Receivables
9,450
9,230
6,803
+2.4%
Inventory
5,911
5,953
5,554
-0.7%
Other assets
16,697
18,569
20,401
-10.1%
Total assets
109,160
105,694
91,588
+3.3%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.