United Airlines Holdings (UAL) FY2022 results: revenue $45.0 billion, up 82.5% on the year
United Airlines Holdings, Inc. (UAL) reported revenue of $45.0 billion for fiscal 2022, the year ended 31 December 2022, up 82.5% on the year before. Net income was $737 million, and diluted earnings per share $2.23. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2023.
Revenue
$45.0 billion
+82.5% on the year
FY2015FY2022
Operating margin
5.2%
-4.1% a year earlier
FY2015FY2022
Net income
$737 million
FY2015FY2022
Diluted EPS
$2.23
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
6,066
2,067
-4,133
+193.5%
Capital expenditure
4,819
2,107
1,727
+128.7%
Free cash flow
1,247
-40.0
-5,860
Free cash flow margin
2.8%
-0.2%
-38.2%
Cash from investing
-13,829
-1,672
50.0
Cash from financing
-3,349
6,396
12,957
Depreciation and amortisation
2,456
2,485
2,488
-1.2%
Share-based compensation
89.0
238
108
-62.6%
Buybacks
0.0
0.0
353
Diluted shares, weighted
330m
322m
279m
+2.5%
Shares outstanding at period end
327m
324m
312m
+1.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
6,896
5,029
5,960
+37.1%
Debt
31,194
33,363
26,747
-6.5%
Operating lease liabilities
4,459
5,152
4,986
-13.5%
Finance lease liabilities
115
219
224
-47.5%
Other liabilities
24,694
24,412
21,631
+1.2%
Total liabilities and equity
67,358
68,175
59,548
-1.2%
Goodwill
4,527
4,527
4,527
0.0%
Intangible assets
2,762
2,803
2,838
-1.5%
Investments
9,248
123
414
+7,418.7%
Cash and equivalents
7,166
18,283
11,269
-60.8%
Receivables
1,801
1,663
1,295
+8.3%
Other assets
41,854
40,776
39,205
+2.6%
Total assets
67,358
68,175
59,548
-1.2%
10-K for the year ended 31 December 2022, filed 16 February 2023: the filing.