Vulcan Materials (VMC) FY2022 results: revenue $7.3 billion, up 31.8% on the year
Vulcan Materials Co. (VMC) reported revenue of $7.3 billion for fiscal 2022, the year ended 31 December 2022, up 31.8% on the year before. Net income was $576 million, down 14.2%, and diluted earnings per share $4.31. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$7.3 billion
+31.8% on the year
FY2015FY2022
Operating margin
13.0%
18.2% a year earlier
FY2015FY2022
Net income
$576 million
-14.2% on the year
FY2015FY2022
Diluted EPS
$4.31
-14.1% 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
1,148
1,012
1,070
+13.5%
Capital expenditure
613
451
362
+35.7%
Free cash flow
536
561
708
-4.5%
Free cash flow margin
7.3%
10.1%
14.6%
Cash from investing
-1,053
-1,874
-382
Cash from financing
-175
-94.3
235
Depreciation and amortisation
588
463
397
+26.9%
Share-based compensation
41.1
34.7
33.0
+18.4%
Buybacks
0.0
0.0
26.1
Dividends paid
213
196
180
+8.2%
Dividend per share
$1.60
$1.48
$1.36
+8.1%
Diluted shares, weighted
134m
134m
133m
+0.1%
Shares outstanding at period end
133m
133m
133m
+0.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
6,929
6,545
6,027
+5.9%
Non-controlling interest
23.6
22.7
0.0
+4.0%
Short-term borrowings
n/a
0.0
0.0
Debt
3,976
3,880
3,288
+2.5%
Operating lease liabilities
548
642
400
-14.6%
Finance lease liabilities
34.8
60.5
4.1
-42.5%
Other liabilities
2,724
2,532
1,968
+7.6%
Total liabilities and equity
14,235
13,683
11,687
+4.0%
Fixed assets
6,051
5,547
4,426
+9.1%
Goodwill
3,690
3,697
3,172
-0.2%
Intangible assets
1,702
1,749
1,124
-2.7%
Cash and equivalents
161
235
1,197
-31.3%
Receivables
846
783
513
+8.0%
Inventory
579
521
449
+11.1%
Other assets
1,205
1,151
807
+4.8%
Total assets
14,235
13,683
11,687
+4.0%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.