Northern Trust (NTRS) FY2022 results: revenue $6.8 billion, up 4.6% on the year
Northern Trust Corp. (NTRS) reported revenue of $6.8 billion for fiscal 2022, the year ended 31 December 2022, up 4.6% on the year before. Net income was $1.3 billion, down 13.5%, and diluted earnings per share $6.14. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$6.8 billion
+4.6% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$1.3 billion
-13.5% on the year
FY2015FY2022
Diluted EPS
$6.14
-14.0% 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
2,392
1,356
1,897
+76.4%
Capital expenditure
129
95.5
136
+34.7%
Free cash flow
2,264
1,260
1,761
+79.6%
Cash from investing
25,930
-18,603
-29,923
Cash from financing
-26,437
16,074
27,872
Depreciation and amortisation
554
516
500
+7.4%
Share-based compensation
125
95.5
91.4
+31.1%
Buybacks
35.4
268
300
-86.8%
Dividends paid
750
583
585
+28.6%
Dividend per share
$2.90
$2.80
$2.80
+3.6%
Diluted shares, weighted
209m
209m
209m
-0.0%
Shares outstanding at period end
208m
208m
208m
+0.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
11,260
12,017
11,688
-6.3%
Deposits
123,932
159,928
143,878
-22.5%
Debt
14,847
7,767
8,901
+91.1%
Other liabilities
4,998
4,178
5,537
+19.6%
Total liabilities and equity
155,037
183,890
170,004
-15.7%
Fixed assets
500
489
515
+2.4%
Goodwill
691
706
707
-2.1%
Intangible assets
n/a
n/a
113
Securities held for sale or to maturity
26,700
38,010
59,813
-29.8%
Resale agreements
1,100
686
1,600
+60.3%
Trading assets
95.2
0.3
0.5
+31,633.3%
Cash and equivalents
4,654
3,057
4,390
+52.3%
Other assets
121,296
140,941
102,866
-13.9%
Total assets
155,037
183,890
170,004
-15.7%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.