Northwest Natural Holding (NWN) FY2022 results: revenue $1.0 billion, up 20.6% on the year
Northwest Natural Holding Co. (NWN) reported revenue of $1.0 billion for fiscal 2022, the year ended 31 December 2022, up 20.6% on the year before. Net income was $86 million, up 9.7%, and diluted earnings per share $2.54. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$1.0 billion
+20.6% on the year
FY2016FY2022
Operating margin
16.1%
19.0% a year earlier
FY2016FY2022
Net income
$86 million
+9.7% on the year
FY2016FY2022
Diluted EPS
$2.54
-0.8% on the year
FY2016FY2022
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
148
160
145
-7.9%
Capital expenditure
339
294
273
+15.2%
Free cash flow
-191
-134
-128
Free cash flow margin
-18.4%
-15.5%
-16.5%
Cash from investing
-435
-300
-294
Cash from financing
302
131
172
+129.5%
Depreciation and amortisation
117
114
104
+2.8%
Dividends paid
62.8
55.9
55.4
+12.3%
Dividend per share
$1.93
$1.92
$1.91
+0.5%
Diluted shares, weighted
34m
31m
31m
+10.5%
Shares outstanding at period end
36m
31m
31m
+14.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,175
935
889
+25.7%
Debt
1,595
1,434
1,260
+11.2%
Operating lease liabilities
79.0
79.5
80.6
-0.6%
Other liabilities
1,899
1,616
1,527
+17.5%
Total liabilities and equity
4,748
4,065
3,756
+16.8%
Fixed assets
3,114
2,871
2,655
+8.5%
Goodwill
149
70.6
69.2
+111.5%
Cash and equivalents
29.3
18.6
30.2
+57.7%
Other assets
1,455
1,104
1,002
+31.8%
Total assets
4,748
4,065
3,756
+16.8%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.