Solaris Energy Infrastructure (SEI) FY2022 results: revenue $320 million, up 101.0% on the year
Solaris Energy Infrastructure, Inc. (SEI) reported revenue of $320 million for fiscal 2022, the year ended 31 December 2022, up 101.0% on the year before. Net income was $21 million, and diluted earnings per share $0.64. The figures are the company's own, from the 10-K it filed with the SEC on 9 March 2023.
Revenue
$320 million
+101.0% on the year
FY2015FY2022
Operating margin
13.1%
-0.2% a year earlier
FY2015FY2022
Net income
$21 million
FY2015FY2022
Diluted EPS
$0.64
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
68.0
16.5
43.9
+312.8%
Capital expenditure
81.4
19.6
4.7
+314.6%
Free cash flow
-13.4
-3.2
39.2
Free cash flow margin
-4.2%
-2.0%
38.1%
Cash from investing
-79.5
-19.5
-3.8
Cash from financing
-16.1
-20.8
-46.6
Depreciation and amortisation
30.4
27.2
27.0
+11.8%
Share-based compensation
6.1
5.2
4.7
+16.9%
Buybacks
n/a
n/a
26.7
Dividends paid
13.8
13.4
12.4
+3.0%
Dividend per share
$0.42
$0.42
$0.42
0.0%
Diluted shares, weighted
31m
31m
29m
+2.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
216
203
201
+6.2%
Non-controlling interest
101
94.7
114
+7.1%
Debt
80.6
73.1
68.7
+10.3%
Operating lease liabilities
6.2
6.7
7.4
-7.3%
Finance lease liabilities
3.4
0.1
0.1
+4,798.6%
Other liabilities
55.2
28.5
20.2
+93.8%
Total liabilities and equity
463
406
412
+13.9%
Goodwill
13.0
13.0
13.0
0.0%
Intangible assets
1.4
2.2
3.0
-35.1%
Cash and equivalents
8.8
36.5
60.4
-75.8%
Receivables
64.5
29.5
18.2
+118.7%
Inventory
5.3
1.7
1.0
+219.8%
Other assets
369
323
316
+14.3%
Total assets
463
406
412
+13.9%
10-K for the year ended 31 December 2022, filed 9 March 2023: the filing.