Realty Income (O) FY2022 results: revenue $3.3 billion, up 60.7% on the year
Realty Income Corp. (O) reported revenue of $3.3 billion for fiscal 2022, the year ended 31 December 2022, up 60.7% on the year before. Net income was $869 million, up 141.9%, and diluted earnings per share $1.42. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2023.
Revenue
$3.3 billion
+60.7% on the year
FY2015FY2022
Operating margin
24.0%
20.3% a year earlier
FY2015FY2022
Net income
$869 million
+141.9% on the year
FY2015FY2022
Diluted EPS
$1.42
+63.2% 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
2,564
1,322
1,116
+93.9%
Capital expenditure
95.5
19.1
8.7
+400.6%
Free cash flow
2,468
1,303
1,107
+89.4%
Free cash flow margin
73.8%
62.6%
67.2%
Cash from investing
-8,387
-6,438
-2,032
Cash from financing
5,738
4,577
1,692
+25.4%
Depreciation and amortisation
1,670
898
677
+86.0%
Share-based compensation
21.6
41.8
16.5
-48.3%
Dividends paid
1,813
1,169
964
+55.1%
Dividend per share
$2.97
$2.83
$2.79
+4.7%
Diluted shares, weighted
612m
415m
345m
+47.6%
Shares outstanding at period end
660m
591m
361m
+11.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
28,713
25,053
10,985
+14.6%
Non-controlling interest
130
76.8
32.2
+69.4%
Redeemable equity
0.0
0.0
n/a
Debt
18,111
15,443
8,817
+17.3%
Other liabilities
2,719
2,565
905
+6.0%
Total liabilities and equity
49,673
43,138
20,740
+15.2%
Goodwill
3,731
3,677
14.2
+1.5%
Intangible assets
5,168
5,275
1,711
-2.0%
Cash and equivalents
171
259
824
-33.8%
Other assets
40,602
33,927
18,191
+19.7%
Total assets
49,673
43,138
20,740
+15.2%
10-K for the year ended 31 December 2022, filed 22 February 2023: the filing.