Snap-on (SNA) FY2022 results: revenue $4.8 billion, up 5.2% on the year
Snap-on Inc. (SNA) reported revenue of $4.8 billion for fiscal 2022, the year ended 31 December 2022, up 5.2% on the year before. Net income was $912 million, up 11.1%, and diluted earnings per share $16.82. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2023.
Revenue
$4.8 billion
+5.2% on the year
FY2015FY2022
Operating margin
24.9%
24.4% a year earlier
FY2015FY2022
Net income
$912 million
+11.1% on the year
FY2015FY2022
Diluted EPS
$16.82
+12.7% 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
675
967
1,009
-30.1%
Capital expenditure
84.2
70.1
65.6
+20.1%
Free cash flow
591
896
943
-34.1%
Free cash flow margin
12.2%
19.5%
23.9%
Cash from investing
-206
-290
-188
Cash from financing
-485
-819
-84.3
Depreciation and amortisation
100
105
96.7
-4.4%
Share-based compensation
34.0
41.4
19.5
-17.9%
Buybacks
198
431
174
-54.1%
Dividends paid
313
276
243
+13.5%
Dividend per share
$5.88
$5.11
$4.47
+15.1%
Diluted shares, weighted
54m
55m
55m
-1.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
4,481
4,182
3,825
+7.2%
Non-controlling interest
22.2
21.9
21.7
+1.4%
Debt
1,201
1,200
1,451
+0.1%
Operating lease liabilities
44.7
34.2
34.0
+30.7%
Finance lease liabilities
1.9
4.5
7.4
-57.8%
Other liabilities
1,222
1,317
1,219
-7.2%
Total liabilities and equity
6,973
6,760
6,557
+3.2%
Goodwill
1,045
1,116
982
-6.4%
Intangible assets
276
302
261
-8.7%
Cash and equivalents
757
780
923
-2.9%
Receivables
762
682
641
+11.6%
Inventory
1,033
804
746
+28.5%
Other assets
3,100
3,075
3,004
+0.8%
Total assets
6,973
6,760
6,557
+3.2%
10-K for the year ended 31 December 2022, filed 9 February 2023: the filing.