New York Times (NYT) FY2022 results: revenue $2.3 billion, up 11.3% on the year
New York Times Co. (NYT) reported revenue of $2.3 billion for fiscal 2022, the year ended 31 December 2022, up 11.3% on the year before. Net income was $174 million, down 20.9%, and diluted earnings per share $1.04. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$2.3 billion
+11.3% on the year
FY2015FY2022
Operating margin
8.7%
12.9% a year earlier
FY2015FY2022
Net income
$174 million
-20.9% on the year
FY2015FY2022
Diluted EPS
$1.04
-20.6% 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
151
269
298
-44.0%
Capital expenditure
37.0
34.6
34.5
+6.7%
Free cash flow
114
234
263
-51.5%
Free cash flow margin
4.9%
11.3%
14.8%
Cash from investing
-73.6
-181
-199
Cash from financing
-174
-54.9
-45.0
Depreciation and amortisation
82.7
57.5
62.1
+43.7%
Share-based compensation
35.3
22.2
14.4
+58.9%
Buybacks
105
0.0
0.0
Dividends paid
56.8
45.3
38.4
+25.3%
Dividend per share
$0.36
$0.28
$0.24
+28.6%
Diluted shares, weighted
167m
169m
168m
-0.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,598
1,539
1,326
+3.9%
Non-controlling interest
2.0
2.0
2.6
0.0%
Debt
0.0
0.0
0.0
Operating lease liabilities
59.1
63.6
52.7
-7.1%
Other liabilities
875
960
927
-8.9%
Total liabilities and equity
2,534
2,564
2,308
-1.2%
Fixed assets
554
575
595
-3.7%
Goodwill
414
166
172
+148.9%
Intangible assets
317
14.2
n/a
+2,127.4%
Investments
265
754
596
-64.9%
Cash and equivalents
221
320
286
-30.8%
Receivables
218
233
184
-6.6%
Other assets
545
501
476
+8.7%
Total assets
2,534
2,564
2,308
-1.2%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.