Victory Capital Holdings (VCTR) FY2022 results: revenue $855 million, down 4.0% on the year
Victory Capital Holdings, Inc. (VCTR) reported revenue of $855 million for fiscal 2022, the year ended 31 December 2022, down 4.0% on the year before. Net income was $276 million, down 1.0%, and diluted earnings per share $3.81. The figures are the company's own, from the 10-K it filed with the SEC on 6 March 2023.
Revenue
$855 million
-4.0% on the year
FY2015FY2022
Operating margin
46.7%
42.0% a year earlier
FY2015FY2022
Net income
$276 million
-1.0% on the year
FY2015FY2022
Diluted EPS
$3.81
+1.6% 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
335
376
251
-10.9%
Capital expenditure
5.2
12.7
8.1
-58.6%
Free cash flow
330
364
243
-9.2%
Free cash flow margin
38.6%
40.8%
31.3%
Cash from investing
-6.3
-557
-12.3
Cash from financing
-360
227
-253
Depreciation and amortisation
43.2
18.8
16.4
+129.3%
Buybacks
101
31.5
29.9
+220.9%
Dividends paid
69.2
37.2
16.2
+86.2%
Dividend per share
$1.00
$0.53
$0.23
+88.7%
Diluted shares, weighted
72m
74m
74m
-2.5%
Shares outstanding at period end
67m
69m
16m
-1.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,065
930
708
+14.6%
Debt
986
1,128
769
-12.6%
Operating lease liabilities
10.2
n/a
n/a
Other liabilities
480
522
254
-8.1%
Total liabilities and equity
2,541
2,580
1,731
-1.5%
Fixed assets
21.1
25.3
18.7
-16.4%
Goodwill
982
982
405
0.0%
Intangible assets
1,315
1,350
1,163
-2.6%
Securities held for sale or to maturity
0.5
0.9
0.9
-48.9%
Cash and equivalents
38.2
69.5
22.7
-45.1%
Other assets
185
152
121
+21.2%
Total assets
2,541
2,580
1,731
-1.5%
10-K for the year ended 31 December 2022, filed 6 March 2023: the filing.