Textron (TXT) FY2022 results: revenue $12.9 billion, up 3.9% on the year
Textron Inc. (TXT) reported revenue of $12.9 billion for fiscal 2022, the year ended 31 December 2022, up 3.9% on the year before. Net income was $861 million, up 15.4%, and diluted earnings per share $4.01. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2023.
Revenue
$12.9 billion
+3.9% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$861 million
+15.4% on the year
FY2015FY2022
Diluted EPS
$4.01
+21.5% 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
1,488
1,598
768
-6.9%
Capital expenditure
354
375
317
-5.6%
Free cash flow
1,134
1,223
451
-7.3%
Free cash flow margin
8.8%
9.9%
3.9%
Cash from investing
-447
-281
-248
Cash from financing
-1,091
-1,446
360
Depreciation and amortisation
397
390
391
+1.8%
Share-based compensation
66.0
138
57.0
-52.2%
Buybacks
867
921
183
-5.9%
Dividends paid
17.0
18.0
18.0
-5.6%
Dividend per share
$0.08
$0.08
$0.08
0.0%
Diluted shares, weighted
215m
227m
229m
-5.1%
Shares outstanding at period end
206m
217m
226m
-5.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
7,113
6,815
5,845
+4.4%
Debt
3,557
3,767
4,369
-5.6%
Operating lease liabilities
326
325
306
+0.3%
Finance lease liabilities
n/a
n/a
38.0
Other liabilities
5,297
4,920
4,885
+7.7%
Total liabilities and equity
16,293
15,827
15,443
+2.9%
Fixed assets
2,523
2,538
2,516
-0.6%
Intangible assets
461
438
489
+5.3%
Cash and equivalents
2,035
2,117
2,254
-3.9%
Inventory
3,550
3,468
3,513
+2.4%
Other assets
7,724
7,266
6,671
+6.3%
Total assets
16,293
15,827
15,443
+2.9%
10-K for the year ended 31 December 2022, filed 16 February 2023: the filing.