Par Pacific Holdings (PARR) FY2022 results: revenue $7.3 billion, up 55.4% on the year
Par Pacific Holdings, Inc. (PARR) reported revenue of $7.3 billion for fiscal 2022, the year ended 31 December 2022, up 55.4% on the year before. Net income was $364 million, and diluted earnings per share $6.08. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2023.
Revenue
$7.3 billion
+55.4% on the year
FY2015FY2022
Operating margin
6.0%
-0.2% a year earlier
FY2015FY2022
Net income
$364 million
FY2015FY2022
Diluted EPS
$6.08
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
453
-27.6
-37.2
Capital expenditure
53.0
29.5
63.5
+79.5%
Free cash flow
400
-57.2
-101
Free cash flow margin
5.5%
-1.2%
-3.2%
Cash from investing
-87.3
74.6
-63.5
Cash from financing
13.4
-1.1
42.6
Depreciation and amortisation
99.8
94.2
90.0
+5.9%
Share-based compensation
9.4
8.2
7.3
+14.5%
Buybacks
7.8
2.1
1.2
+265.2%
Diluted shares, weighted
60m
58m
53m
+2.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
645
266
246
+142.6%
Debt
506
565
709
-10.5%
Operating lease liabilities
293
335
304
-12.7%
Finance lease liabilities
6.3
7.7
7.9
-17.9%
Other liabilities
1,832
1,397
867
+31.1%
Total liabilities and equity
3,281
2,570
2,134
+27.6%
Goodwill
129
127
128
+1.6%
Intangible assets
13.6
16.2
18.9
-16.4%
Cash and equivalents
491
112
68.3
+337.5%
Receivables
253
195
112
+29.6%
Inventory
1,042
790
430
+31.8%
Other assets
1,352
1,329
1,377
+1.7%
Total assets
3,281
2,570
2,134
+27.6%
10-K for the year ended 31 December 2022, filed 27 February 2023: the filing.