Vornado Realty Trust (VNO) FY2022 results: revenue $1.8 billion, up 13.3% on the year
Vornado Realty Trust (VNO) reported revenue of $1.8 billion for fiscal 2022, the year ended 31 December 2022, up 13.3% on the year before. Net income was -$346 million, and diluted earnings per share $-2.13. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2023.
Revenue
$1.8 billion
+13.3% on the year
FY2015FY2022
Operating margin
n/a
13.9% a year earlier
FY2015FY2022
Net income
-$346 million
FY2015FY2022
Diluted EPS
-$2.13
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
799
762
424
+4.9%
Capital expenditure
3.0
3.0
1.2
0.0%
Free cash flow
796
759
423
+4.9%
Free cash flow margin
44.2%
47.7%
27.7%
Cash from investing
-907
-532
-87.8
Cash from financing
-801
-29.5
-213
Depreciation and amortisation
526
433
418
+21.7%
Share-based compensation
29.2
38.3
48.7
-23.7%
Buybacks
0.0
0.0
n/a
Dividends paid
407
406
827
+0.1%
Dividend per share
$2.12
$2.12
$2.38
0.0%
Diluted shares, weighted
192m
192m
191m
-0.2%
Shares outstanding at period end
192m
192m
191m
+0.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
5,840
6,236
6,533
-6.4%
Non-controlling interest
237
279
415
-15.1%
Redeemable equity
437
689
606
-36.6%
Debt
8,389
8,616
7,399
-2.6%
Other liabilities
1,591
1,447
1,268
+10.0%
Total liabilities and equity
16,493
17,267
16,222
-4.5%
Intangible assets
140
155
23.9
-9.8%
Investments
472
0.0
n/a
Cash and equivalents
890
1,760
1,624
-49.5%
Other assets
14,992
15,351
14,573
-2.3%
Total assets
16,493
17,267
16,222
-4.5%
10-K for the year ended 31 December 2022, filed 13 February 2023: the filing.