NNN REIT (NNN) FY2022 results: revenue $773 million, up 6.4% on the year
NNN REIT, Inc. (NNN) reported revenue of $773 million for fiscal 2022, the year ended 31 December 2022, up 6.4% on the year before. Net income was $335 million, up 15.3%, and diluted earnings per share $1.89. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2023.
Revenue
$773 million
+6.4% on the year
FY2015FY2022
Operating margin
62.4%
61.8% a year earlier
FY2015FY2022
Net income
$335 million
+15.3% on the year
FY2015FY2022
Diluted EPS
$1.89
+25.2% 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
578
568
450
+1.7%
Cash from investing
-778
-432
-143
Cash from financing
34.7
-232
-41.3
Depreciation and amortisation
224
205
197
+9.1%
Share-based compensation
15.4
14.3
14,213
+8.1%
Dividends paid
381
367
356
+3.6%
Dividend per share
$2.16
$2.10
$2.07
+2.9%
Diluted shares, weighted
177m
175m
172m
+1.3%
Shares outstanding at period end
181m
176m
175m
+3.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
4,124
3,902
4,319
+5.7%
Non-controlling interest
0.0
0.0
0.0
Debt
3,916
3,736
3,210
+4.8%
Other liabilities
106
114
109
-6.3%
Total liabilities and equity
8,146
7,751
7,638
+5.1%
Cash and equivalents
2.5
171
267
-98.5%
Other assets
8,144
7,580
7,371
+7.4%
Total assets
8,146
7,751
7,638
+5.1%
10-K for the year ended 31 December 2022, filed 9 February 2023: the filing.