Onto Innovation (ONTO) FY2022 results: revenue $816 million, down 18.8% on the year
Onto Innovation Inc. (ONTO) reported revenue of $816 million for fiscal 2022, the year ended 30 December 2023, down 18.8% on the year before. Net income was $121 million, down 45.7%, and diluted earnings per share $2.46. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2024.
Revenue
$816 million
-18.8% on the year
FY2015FY2022
Operating margin
14.2%
23.5% a year earlier
FY2015FY2022
Net income
$121 million
-45.7% on the year
FY2015FY2022
Diluted EPS
$2.46
-45.2% 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
172
137
175
+25.8%
Capital expenditure
22.6
18.4
12.0
+22.6%
Free cash flow
149
118
163
+26.3%
Free cash flow margin
18.3%
11.8%
20.7%
Cash from investing
-103
-55.7
-142
Cash from financing
-9.5
-68.3
2.7
Depreciation and amortisation
67.2
64.7
65.8
+3.9%
Share-based compensation
25.5
24.4
19.5
+4.5%
Buybacks
3.2
65.3
0.0
-95.1%
Diluted shares, weighted
49m
50m
50m
-0.9%
Shares outstanding at period end
49m
49m
49m
+0.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,737
1,596
1,426
+8.8%
Debt
0.0
0.0
0.0
Operating lease liabilities
14.0
16.3
13.8
-14.2%
Other liabilities
159
182
210
-12.6%
Total liabilities and equity
1,910
1,795
1,650
+6.4%
Fixed assets
104
92.0
82.1
+12.6%
Goodwill
316
316
316
0.0%
Intangible assets
167
222
277
-24.7%
Investments
464
372
342
+24.8%
Cash and equivalents
234
176
170
+32.8%
Receivables
227
241
177
-6.1%
Inventory
328
324
243
+1.1%
Other assets
70.8
51.4
43.0
+37.7%
Total assets
1,910
1,795
1,650
+6.4%
10-K for the year ended 30 December 2023, filed 26 February 2024: the filing.