Tapestry (TPR) FY2022 results: revenue $6.7 billion, up 16.3% on the year
Tapestry, Inc. (TPR) reported revenue of $6.7 billion for fiscal 2022, the year ended 2 July 2022, up 16.3% on the year before. Net income was $856 million, up 2.6%, and diluted earnings per share $3.17. The figures are the company's own, from the 10-K it filed with the SEC on 18 August 2022.
Revenue
$6.7 billion
+16.3% on the year
FY2015FY2022
Operating margin
17.6%
16.8% a year earlier
FY2015FY2022
Net income
$856 million
+2.6% on the year
FY2015FY2022
Diluted EPS
$3.17
+7.5% 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
853
1,324
407
-35.5%
Capital expenditure
93.9
116
205
-19.1%
Free cash flow
759
1,208
202
-37.1%
Free cash flow margin
11.4%
21.0%
4.1%
Cash from investing
-254
-91.0
44.3
Cash from financing
-1,778
-666
5.9
Depreciation and amortisation
195
220
829
-11.4%
Share-based compensation
72.2
64.1
53.1
+12.6%
Buybacks
1,600
0.0
300
Dividends paid
264
0.0
380
Dividend per share
$1.00
$0.00
$1.01
Diluted shares, weighted
270m
283m
279m
-4.6%
Shares outstanding at period end
241m
280m
276m
-13.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,286
3,259
2,276
-29.9%
Debt
1,690
1,591
2,299
+6.3%
Operating lease liabilities
1,282
1,526
1,800
-16.0%
Finance lease liabilities
2.4
3.4
4.4
-29.4%
Other liabilities
2,005
2,003
1,544
+0.1%
Total liabilities and equity
7,265
8,382
7,924
-13.3%
Fixed assets
n/a
n/a
775
Goodwill
1,242
1,297
1,301
-4.3%
Intangible assets
1,367
1,373
1,379
-0.5%
Investments
164
8.2
8.2
+1,893.9%
Cash and equivalents
790
2,008
1,426
-60.7%
Receivables
252
200
193
+26.0%
Inventory
994
735
737
+35.3%
Other assets
2,457
2,761
2,104
-11.0%
Total assets
7,265
8,382
7,924
-13.3%
10-K for the year ended 2 July 2022, filed 18 August 2022: the filing.