J.M. Smucker (SJM) FY2022 results: revenue $8.0 billion, unchanged on the year
J.M. Smucker Co. (SJM) reported revenue of $8.0 billion for fiscal 2022, the year ended 30 April 2022, unchanged on the year before. Net income was $632 million, down 27.9%, and diluted earnings per share $5.83. The figures are the company's own, from the 10-K it filed with the SEC on 16 June 2022.
Revenue
$8.0 billion
-0.0% on the year
FY2015FY2022
Operating margin
12.8%
17.3% a year earlier
FY2015FY2022
Net income
$632 million
-27.9% on the year
FY2015FY2022
Diluted EPS
$5.83
-25.2% 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
1,136
1,565
1,255
-27.4%
Capital expenditure
418
307
269
+36.1%
Free cash flow
719
1,258
986
-42.9%
Free cash flow margin
9.0%
15.7%
12.6%
Cash from investing
-356
311
-272
Cash from financing
-944
-1,944
-689
Depreciation and amortisation
459
452
446
+1.5%
Share-based compensation
22.3
28.7
26.8
-22.3%
Buybacks
270
678
4.2
-60.1%
Dividends paid
418
403
397
+3.7%
Dividend per share
$3.96
$3.60
$3.52
+10.0%
Diluted shares, weighted
108m
112m
113m
-3.2%
Shares outstanding at period end
106m
108m
114m
-1.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
8,140
8,125
8,191
+0.2%
Debt
4,491
4,752
5,621
-5.5%
Operating lease liabilities
76.2
113
120
-32.4%
Finance lease liabilities
2.5
2.5
n/a
0.0%
Other liabilities
3,346
3,292
3,038
+1.6%
Total liabilities and equity
16,055
16,284
16,970
-1.4%
Fixed assets
2,132
2,002
1,969
+6.5%
Goodwill
6,016
6,024
6,304
-0.1%
Intangible assets
5,652
6,041
6,429
-6.4%
Cash and equivalents
170
334
391
-49.2%
Receivables
525
534
551
-1.7%
Inventory
1,089
960
895
+13.5%
Other assets
471
390
430
+20.9%
Total assets
16,055
16,284
16,970
-1.4%
10-K for the year ended 30 April 2022, filed 16 June 2022: the filing.