Trimble (TRMB) FY2022 results: revenue $3.7 billion, up 0.5% on the year
Trimble Inc. (TRMB) reported revenue of $3.7 billion for fiscal 2022, the year ended 30 December 2022, up 0.5% on the year before. Net income was $450 million, down 8.7%, and diluted earnings per share $1.80. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2023.
Revenue
$3.7 billion
+0.5% on the year
FY2015FY2022
Operating margin
13.9%
15.3% a year earlier
FY2015FY2022
Net income
$450 million
-8.7% on the year
FY2015FY2022
Diluted EPS
$1.80
-7.2% 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
391
750
672
-47.9%
Capital expenditure
43.2
46.1
56.8
-6.3%
Free cash flow
348
704
615
-50.6%
Free cash flow margin
9.5%
19.2%
19.5%
Cash from investing
-226
-204
-232
Cash from financing
-199
-448
-400
Depreciation and amortisation
172
92.2
105
+86.3%
Share-based compensation
120
123
83.0
-1.8%
Buybacks
395
180
81.6
+119.3%
Diluted shares, weighted
250m
254m
252m
-1.6%
Shares outstanding at period end
247m
251m
251m
-1.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
4,050
3,945
3,597
+2.7%
Non-controlling interest
n/a
0.0
1.7
Debt
1,520
1,293
1,547
+17.5%
Operating lease liabilities
105
121
109
-13.4%
Other liabilities
1,594
1,740
1,622
-8.4%
Total liabilities and equity
7,269
7,100
6,877
+2.4%
Fixed assets
219
233
252
-6.1%
Goodwill
4,138
3,982
3,876
+3.9%
Intangible assets
498
507
580
-1.7%
Cash and equivalents
271
326
238
-16.8%
Receivables
643
625
620
+3.0%
Inventory
402
363
302
+10.8%
Other assets
1,097
1,064
1,009
+3.1%
Total assets
7,269
7,100
6,877
+2.4%
10-K for the year ended 30 December 2022, filed 17 February 2023: the filing.