Scotts Miracle-Gro (SMG) FY2022 results: revenue $3.9 billion, down 20.3% on the year
Scotts Miracle-Gro Co. (SMG) reported revenue of $3.9 billion for fiscal 2022, the year ended 30 September 2022, down 20.3% on the year before. Net income was -$438 million, and diluted earnings per share $-7.88. The figures are the company's own, from the 10-K it filed with the SEC on 28 November 2022.
Revenue
$3.9 billion
-20.3% on the year
FY2015FY2022
Operating margin
-11.1%
14.7% a year earlier
FY2015FY2022
Net income
-$438 million
FY2015FY2022
Diluted EPS
-$7.88
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
-129
272
558
Capital expenditure
114
107
62.7
+6.2%
Free cash flow
-242
165
495
Free cash flow margin
-6.2%
3.3%
12.0%
Cash from investing
-283
-539
46.9
Cash from financing
255
494
-607
-48.3%
Depreciation and amortisation
105
93.8
94.7
+12.2%
Share-based compensation
34.3
40.6
57.9
-15.5%
Buybacks
258
129
53.2
+99.5%
Dividends paid
166
143
411
+16.2%
Dividend per share
$2.64
$2.52
$7.36
+4.8%
Diluted shares, weighted
56m
57m
57m
-3.0%
Shares outstanding at period end
56m
56m
56m
-0.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
148
1,013
697
-85.4%
Non-controlling interest
n/a
0.0
5.7
Debt
2,963
2,282
1,495
+29.9%
Operating lease liabilities
223
234
113
-4.8%
Finance lease liabilities
22.5
27.5
30.9
-18.2%
Other liabilities
940
1,243
1,038
-24.4%
Total liabilities and equity
4,297
4,800
3,380
-10.5%
Fixed assets
606
622
560
-2.6%
Goodwill
254
605
544
-58.0%
Intangible assets
580
710
679
-18.2%
Cash and equivalents
86.8
244
16.6
-64.4%
Receivables
299
483
475
-38.1%
Inventory
1,344
1,127
622
+19.3%
Other assets
1,127
1,009
484
+11.7%
Total assets
4,297
4,800
3,380
-10.5%
10-K for the year ended 30 September 2022, filed 28 November 2022: the filing.