Ovintiv (OVV) FY2022 results: revenue $12.5 billion, up 44.0% on the year
Ovintiv Inc. (OVV) reported revenue of $12.5 billion for fiscal 2022, the year ended 31 December 2022, up 44.0% on the year before. Net income was $3.6 billion, up 156.9%, and diluted earnings per share $14.08. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2023.
Revenue
$12.5 billion
+44.0% on the year
FY2017FY2022
Operating margin
30.9%
17.5% a year earlier
FY2017FY2022
Net income
$3.6 billion
+156.9% on the year
FY2017FY2022
Diluted EPS
$14.08
+164.7% on the year
FY2017FY2022
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
3,866
3,129
1,895
+23.6%
Capital expenditure
1,831
1,519
1,736
+20.5%
Free cash flow
2,035
1,610
159
+26.4%
Free cash flow margin
16.3%
18.6%
2.6%
Cash from investing
-1,786
-525
-1,864
Cash from financing
-2,268
-2,419
-206
Depreciation and amortisation
1,113
1,190
1,834
-6.5%
Share-based compensation
202
138
33.0
+46.4%
Buybacks
719
111
0.0
+547.7%
Dividends paid
239
122
97.0
+95.9%
Dividend per share
$0.95
$0.47
$0.38
+103.2%
Diluted shares, weighted
258m
266m
260m
-3.0%
Shares outstanding at period end
246m
258m
260m
-4.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
7,689
5,074
3,837
+51.5%
Debt
3,570
4,786
6,885
-25.4%
Operating lease liabilities
814
889
938
-8.4%
Finance lease liabilities
27.0
33.0
39.0
-18.2%
Other liabilities
2,956
3,273
2,770
-9.7%
Total liabilities and equity
15,056
14,055
14,469
+7.1%
Fixed assets
9,468
8,761
9,450
+8.1%
Goodwill
2,584
2,628
2,625
-1.7%
Investments
21.0
27.0
30.0
-22.2%
Cash and equivalents
5.0
195
10.0
-97.4%
Other assets
2,978
2,444
2,354
+21.8%
Total assets
15,056
14,055
14,469
+7.1%
10-K for the year ended 31 December 2022, filed 27 February 2023: the filing.