Seagate Technology Holdings (STX) FY2022 results: revenue $11.7 billion, up 9.2% on the year
Seagate Technology Holdings plc (STX) reported revenue of $11.7 billion for fiscal 2022, the year ended 1 July 2022, up 9.2% on the year before. Net income was $1.6 billion, up 25.5%, and diluted earnings per share $7.36. The figures are the company's own, from the 10-K it filed with the SEC on 5 August 2022.
Revenue
$11.7 billion
+9.2% on the year
FY2015FY2022
Operating margin
16.8%
14.0% a year earlier
FY2015FY2022
Net income
$1.6 billion
+25.5% on the year
FY2015FY2022
Diluted EPS
$7.36
+37.3% 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
1,657
1,626
1,714
+1.9%
Capital expenditure
381
498
585
-23.5%
Free cash flow
1,276
1,128
1,129
+13.1%
Free cash flow margin
10.9%
10.6%
10.7%
Cash from investing
-352
-466
-635
Cash from financing
-1,899
-1,673
-1,605
Depreciation and amortisation
451
397
379
+13.6%
Share-based compensation
145
112
109
+29.5%
Buybacks
1,799
2,047
850
-12.1%
Dividends paid
610
649
673
-6.0%
Dividend per share
$2.77
$2.66
$2.58
+4.1%
Diluted shares, weighted
224m
245m
265m
-8.6%
Shares outstanding at period end
210m
227m
257m
-7.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
109
631
1,787
-82.7%
Debt
5,715
5,216
4,249
+9.6%
Operating lease liabilities
36.0
39.0
49.0
-7.7%
Other liabilities
3,084
2,789
2,845
+10.6%
Total liabilities and equity
8,944
8,675
8,930
+3.1%
Fixed assets
2,239
2,181
2,129
+2.7%
Goodwill
1,237
1,237
1,237
0.0%
Intangible assets
9.0
29.0
58.0
-69.0%
Securities held for sale or to maturity
84.0
571
569
-85.3%
Cash and equivalents
615
1,209
1,722
-49.1%
Receivables
1,532
1,158
1,115
+32.3%
Inventory
1,565
1,204
1,142
+30.0%
Other assets
1,663
1,086
958
+53.1%
Total assets
8,944
8,675
8,930
+3.1%
10-K for the year ended 1 July 2022, filed 5 August 2022: the filing.