RB Global (RBA) FY2022 results: revenue $1.7 billion, up 22.4% on the year
RB Global Inc. (RBA) reported revenue of $1.7 billion for fiscal 2022, the year ended 31 December 2022, up 22.4% on the year before. Net income was $320 million, up 110.5%, and diluted earnings per share $2.86. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2023.
Revenue
$1.7 billion
+22.4% on the year
FY2016FY2022
Operating margin
26.2%
17.0% a year earlier
FY2016FY2022
Net income
$320 million
+110.5% on the year
FY2016FY2022
Diluted EPS
$2.86
+110.3% 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
463
318
258
+45.8%
Capital expenditure
32.0
9.8
14.3
+225.7%
Free cash flow
431
308
244
+40.1%
Free cash flow margin
24.9%
21.7%
17.7%
Cash from investing
77.3
-214
-277
Cash from financing
-1,258
961
-111
Depreciation and amortisation
97.2
87.9
74.9
+10.5%
Share-based compensation
41.7
31.3
16.6
+33.0%
Buybacks
n/a
n/a
53.2
Dividends paid
115
104
91.7
+11.0%
Diluted shares, weighted
112m
111m
110m
+0.4%
Shares outstanding at period end
111m
111m
110m
+0.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,290
1,071
1,007
+20.4%
Non-controlling interest
0.5
0.4
5.2
+28.9%
Redeemable equity
0.0
n/a
n/a
Debt
611
1,744
666
-65.0%
Operating lease liabilities
112
110
113
+1.8%
Finance lease liabilities
15.3
14.0
17.1
+9.4%
Other liabilities
836
654
543
+27.7%
Total liabilities and equity
2,864
3,593
2,352
-20.3%
Fixed assets
459
449
492
+2.2%
Goodwill
949
948
841
+0.1%
Intangible assets
323
351
301
-7.9%
Cash and equivalents
494
326
279
+51.6%
Receivables
183
151
135
+21.4%
Inventory
103
102
86.3
+0.5%
Other assets
353
1,266
218
-72.2%
Total assets
2,864
3,593
2,352
-20.3%
10-K for the year ended 31 December 2022, filed 21 February 2023: the filing.