Sunrun (RUN) FY2022 results: revenue $2.3 billion, up 44.2% on the year
Sunrun Inc. (RUN) reported revenue of $2.3 billion for fiscal 2022, the year ended 31 December 2022, up 44.2% on the year before. Net income was $173 million, and diluted earnings per share $0.80. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2023.
Revenue
$2.3 billion
+44.2% on the year
FY2015FY2022
Operating margin
-28.5%
-41.4% a year earlier
FY2015FY2022
Net income
$173 million
FY2015FY2022
Diluted EPS
$0.80
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
-849
-817
-318
Capital expenditure
18.2
8.6
3.1
+112.3%
Free cash flow
-867
-826
-321
Free cash flow margin
-37.3%
-51.3%
-34.8%
Cash from investing
-2,086
-1,686
-498
Cash from financing
3,037
2,646
1,161
+14.8%
Depreciation and amortisation
27.2
23.0
20.0
+18.3%
Share-based compensation
111
211
171
-47.6%
Buybacks
n/a
0.0
0.0
Diluted shares, weighted
219m
205m
140m
+6.8%
Shares outstanding at period end
214m
208m
201m
+2.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
6,708
6,255
6,078
+7.2%
Non-controlling interest
861
723
651
+19.1%
Redeemable equity
610
595
560
+2.5%
Debt
8,399
6,503
4,796
+29.2%
Operating lease liabilities
n/a
n/a
85.6
Finance lease liabilities
17.3
11.3
12.9
+52.9%
Other liabilities
2,673
2,396
2,199
+11.6%
Total liabilities and equity
19,269
16,483
14,383
+16.9%
Fixed assets
n/a
n/a
62.2
Goodwill
4,280
4,280
4,280
0.0%
Intangible assets
7.5
12.9
18.3
-41.6%
Cash and equivalents
953
850
708
+12.1%
Receivables
214
146
95.1
+46.7%
Inventory
784
507
283
+54.7%
Other assets
13,030
10,687
8,936
+21.9%
Total assets
19,269
16,483
14,383
+16.9%
10-K for the year ended 31 December 2022, filed 22 February 2023: the filing.