ROSS Stores (ROST) FY2022 results: revenue $18.7 billion, down 1.2% on the year
ROSS Stores, Inc. (ROST) reported revenue of $18.7 billion for fiscal 2022, the year ended 28 January 2023, down 1.2% on the year before. Net income was $1.5 billion, down 12.2%, and diluted earnings per share $4.38. The figures are the company's own, from the 10-K it filed with the SEC on 28 March 2023.
Revenue
$18.7 billion
-1.2% on the year
FY2015FY2022
Operating margin
10.6%
11.9% a year earlier
FY2015FY2022
Net income
$1.5 billion
-12.2% on the year
FY2015FY2022
Diluted EPS
$4.38
-10.1% 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
1,689
1,739
2,246
-2.8%
Capital expenditure
654
558
405
+17.3%
Free cash flow
1,035
1,181
1,840
-12.3%
Free cash flow margin
5.5%
6.2%
14.7%
Cash from investing
-654
-558
-405
Cash from financing
-1,405
-1,152
1,702
Depreciation and amortisation
395
361
364
+9.4%
Share-based compensation
122
134
102
-9.2%
Buybacks
950
650
132
+46.2%
Dividends paid
431
405
101
+6.5%
Dividend per share
$1.24
$1.14
$0.28
+8.8%
Diluted shares, weighted
345m
354m
355m
-2.4%
Shares outstanding at period end
343m
352m
357m
-2.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
4,289
4,060
3,291
+5.6%
Short-term borrowings
n/a
n/a
0.0
Debt
2,457
2,452
2,513
+0.2%
Operating lease liabilities
2,594
2,539
2,622
+2.2%
Other liabilities
4,077
4,589
4,293
-11.1%
Total liabilities and equity
13,416
13,640
12,718
-1.6%
Fixed assets
3,182
2,899
2,710
+9.8%
Cash and equivalents
4,552
4,922
4,819
-7.5%
Receivables
146
119
115
+22.2%
Inventory
2,023
2,262
1,509
-10.6%
Other assets
3,514
3,438
3,564
+2.2%
Total assets
13,416
13,640
12,718
-1.6%
10-K for the year ended 28 January 2023, filed 28 March 2023: the filing.