Tractor Supply (TSCO) FY2022 results: revenue $14.2 billion, up 11.6% on the year
Tractor Supply Co. (TSCO) reported revenue of $14.2 billion for fiscal 2022, the year ended 31 December 2022, up 11.6% on the year before. Net income was $1.1 billion, up 9.2%, and diluted earnings per share $1.94. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$14.2 billion
+11.6% on the year
FY2015FY2022
Operating margin
10.1%
10.3% a year earlier
FY2015FY2022
Net income
$1.1 billion
+9.2% on the year
FY2015FY2022
Diluted EPS
$1.94
+12.8% 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
1,357
1,139
1,395
+19.2%
Capital expenditure
773
628
294
+23.1%
Free cash flow
584
510
1,101
+14.4%
Free cash flow margin
4.1%
4.0%
10.4%
Cash from investing
-1,094
-627
-292
Cash from financing
-939
-975
155
Depreciation and amortisation
343
270
217
+27.0%
Share-based compensation
53.8
47.6
37.3
+13.0%
Buybacks
700
799
343
-12.4%
Dividends paid
410
239
175
+71.4%
Dividend per share
$0.74
$0.42
$0.30
+76.9%
Diluted shares, weighted
561m
579m
587m
-3.2%
Shares outstanding at period end
551m
566m
581m
-2.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,042
2,003
1,924
+2.0%
Debt
1,164
986
984
+18.0%
Operating lease liabilities
2,722
2,575
2,221
+5.7%
Finance lease liabilities
34.7
32.8
33.1
+5.5%
Other liabilities
2,527
2,171
1,887
+16.4%
Total liabilities and equity
8,490
7,767
7,049
+9.3%
Fixed assets
2,084
1,618
1,249
+28.8%
Goodwill
230
32.4
10.3
+610.0%
Intangible assets
23.1
23.1
n/a
0.0%
Cash and equivalents
203
878
1,342
-76.9%
Inventory
2,710
2,191
1,783
+23.7%
Other assets
3,241
3,025
2,665
+7.1%
Total assets
8,490
7,767
7,049
+9.3%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.