Stanley Black & Decker (SWK) FY2022 results: revenue $16.9 billion, up 10.9% on the year
Stanley Black & Decker, Inc. (SWK) reported revenue of $16.9 billion for fiscal 2022, the year ended 31 December 2022, up 10.9% on the year before. Net income was $1.1 billion, down 37.1%, and diluted earnings per share $6.76. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$16.9 billion
+10.9% on the year
FY2015FY2022
Operating margin
0.2%
10.4% a year earlier
FY2015FY2022
Net income
$1.1 billion
-37.1% on the year
FY2015FY2022
Diluted EPS
$6.76
-33.5% 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
-1,460
663
2,022
Capital expenditure
530
519
348
+2.2%
Free cash flow
-1,990
144
1,674
Free cash flow margin
-11.7%
0.9%
13.1%
Cash from investing
3,573
-2,624
-1,577
Cash from financing
-1,971
919
616
Depreciation and amortisation
370
374
376
-1.1%
Share-based compensation
90.7
118
109
-23.3%
Buybacks
2,323
34.3
26.2
+6,672.6%
Dividends paid
466
475
432
-1.9%
Dividend per share
$3.18
$2.98
$2.78
+6.7%
Diluted shares, weighted
157m
165m
156m
-5.1%
Shares outstanding at period end
153m
163m
161m
-6.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
9,712
11,590
11,060
-16.2%
Non-controlling interest
2.1
1.9
6.8
+10.5%
Short-term borrowings
n/a
n/a
1.5
Debt
7,457
6,596
4,245
+13.1%
Other liabilities
7,792
9,992
8,253
-22.0%
Total liabilities and equity
24,963
28,180
23,566
-11.4%
Fixed assets
2,353
2,337
1,973
+0.7%
Goodwill
8,503
8,591
7,893
-1.0%
Intangible assets
n/a
n/a
4,055
Cash and equivalents
396
142
1,242
+178.0%
Inventory
5,861
5,420
2,639
+8.1%
Other assets
7,851
11,690
5,764
-32.8%
Total assets
24,963
28,180
23,566
-11.4%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.