Southwest Gas Holdings (SWX) FY2022 results: revenue $5.0 billion, up 34.8% on the year
Southwest Gas Holdings, Inc. (SWX) reported revenue of $5.0 billion for fiscal 2022, the year ended 31 December 2022, up 34.8% on the year before. Net income was -$203 million, and diluted earnings per share $-3.10. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$5.0 billion
+34.8% on the year
FY2015FY2022
Operating margin
-0.5%
10.0% a year earlier
FY2015FY2022
Net income
-$203 million
FY2015FY2022
Diluted EPS
-$3.10
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
407
111
626
+265.8%
Capital expenditure
859
716
825
+20.1%
Free cash flow
-452
-604
-199
Free cash flow margin
-9.1%
-16.4%
-6.0%
Cash from investing
-839
-3,036
-802
Cash from financing
356
3,063
210
-88.4%
Depreciation and amortisation
470
371
332
+26.8%
Share-based compensation
9.4
9.3
7.1
+1.6%
Dividends paid
161
138
126
+16.2%
Dividend per share
$2.48
$2.38
n/a
+4.2%
Diluted shares, weighted
66m
59m
56m
+10.6%
Shares outstanding at period end
67m
60m
57m
+11.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,059
2,954
2,675
+3.6%
Redeemable equity
159
197
166
-19.0%
Debt
5,991
6,322
2,880
-5.2%
Other liabilities
3,988
3,293
3,016
+21.1%
Total liabilities and equity
13,197
12,765
8,736
+3.4%
Goodwill
787
1,781
345
-55.8%
Cash and equivalents
123
223
83.4
-44.7%
Receivables
866
707
522
+22.5%
Other assets
11,420
10,054
7,785
+13.6%
Total assets
13,197
12,765
8,736
+3.4%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.