Old Dominion Freight Line (ODFL) FY2022 results: revenue $6.3 billion, up 19.1% on the year
Old Dominion Freight Line, Inc. (ODFL) reported revenue of $6.3 billion for fiscal 2022, the year ended 31 December 2022, up 19.1% on the year before. Net income was $1.4 billion, up 33.1%, and diluted earnings per share $6.09. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2023.
Revenue
$6.3 billion
+19.1% on the year
FY2016FY2022
Operating margin
29.4%
26.5% a year earlier
FY2016FY2022
Net income
$1.4 billion
+33.1% on the year
FY2016FY2022
Diluted EPS
$6.09
+37.0% 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
1,692
1,213
933
+39.5%
Capital expenditure
775
550
225
+40.9%
Free cash flow
916
663
708
+38.3%
Free cash flow margin
14.6%
12.6%
17.6%
Cash from investing
-547
-455
-552
Cash from financing
-1,420
-696
-384
Depreciation and amortisation
276
260
261
+6.2%
Share-based compensation
15.9
15.0
11.3
+5.7%
Buybacks
1,277
536
364
+138.1%
Dividends paid
134
92.4
71.0
+45.6%
Dividend per share
$0.60
$0.40
$0.30
+50.0%
Diluted shares, weighted
226m
233m
237m
-2.9%
Shares outstanding at period end
220m
230m
234m
-4.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,653
3,680
3,326
-0.7%
Debt
100.0
99.9
99.9
+0.0%
Operating lease liabilities
80.8
88.8
93.3
-9.0%
Other liabilities
1,005
953
850
+5.5%
Total liabilities and equity
4,839
4,822
4,369
+0.4%
Fixed assets
3,687
3,216
2,914
+14.7%
Investments
49.4
254
330
-80.6%
Cash and equivalents
186
463
401
-59.7%
Receivables
579
567
445
+2.0%
Other assets
337
321
279
+4.9%
Total assets
4,839
4,822
4,369
+0.4%
10-K for the year ended 31 December 2022, filed 22 February 2023: the filing.