Constellation Brands (STZ) FY2022 results: revenue $8.8 billion, up 2.4% on the year
Constellation Brands, Inc. (STZ) reported revenue of $8.8 billion for fiscal 2022, the year ended 28 February 2022, up 2.4% on the year before. Net income was -$40 million, and diluted earnings per share $-0.22. The figures are the company's own, from the 10-K it filed with the SEC on 21 April 2022.
Revenue
$8.8 billion
+2.4% on the year
FY2015FY2022
Operating margin
26.4%
32.4% a year earlier
FY2015FY2022
Net income
-$40 million
FY2015FY2022
Diluted EPS
-$0.22
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
2,705
2,806
2,551
-3.6%
Capital expenditure
1,027
865
726
+18.8%
Free cash flow
1,679
1,942
1,825
-13.6%
Free cash flow margin
19.0%
22.5%
21.9%
Cash from investing
-1,036
-87.9
-531
Cash from financing
-1,930
-2,347
-2,031
Depreciation and amortisation
342
299
332
+14.5%
Share-based compensation
44.9
63.0
60.4
-28.7%
Buybacks
1,390
0.0
50.0
Dividends paid
573
575
569
-0.3%
Diluted shares, weighted
n/a
195m
168m
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
11,732
13,599
12,132
-13.7%
Non-controlling interest
316
330
342
-4.3%
Short-term borrowings
n/a
0.0
n/a
Debt
10,416
10,442
12,185
-0.2%
Operating lease liabilities
457
471
484
-2.9%
Finance lease liabilities
13.6
n/a
n/a
Other liabilities
2,921
2,262
2,181
+29.1%
Total liabilities and equity
25,856
27,105
27,323
-4.6%
Fixed assets
6,060
5,822
5,333
+4.1%
Goodwill
7,862
7,794
7,757
+0.9%
Intangible assets
2,755
2,732
2,719
+0.8%
Investments
191
1,818
1,117
-89.5%
Cash and equivalents
199
461
81.4
-56.7%
Receivables
899
785
865
+14.5%
Inventory
1,573
1,291
1,374
+21.8%
Other assets
6,316
6,402
8,077
-1.4%
Total assets
25,856
27,105
27,323
-4.6%
10-K for the year ended 28 February 2022, filed 21 April 2022: the filing.