Vontier (VNT) FY2022 results: revenue $3.2 billion, up 6.5% on the year
Vontier Corp. (VNT) reported revenue of $3.2 billion for fiscal 2022, the year ended 31 December 2022, up 6.5% on the year before. Net income was $401 million, down 2.8%, and diluted earnings per share $2.49. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2023.
Revenue
$3.2 billion
+6.5% on the year
FY2018FY2022
Operating margin
18.1%
19.5% a year earlier
FY2018FY2022
Net income
$401 million
-2.8% on the year
FY2018FY2022
Diluted EPS
$2.49
+2.5% on the year
FY2018FY2022
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
321
481
691
-33.2%
Capital expenditure
60.0
47.8
35.7
+25.5%
Free cash flow
261
433
656
-39.7%
Free cash flow margin
8.2%
14.5%
24.2%
Cash from investing
-330
-1,008
-41.7
Cash from financing
-348
726
-284
Depreciation and amortisation
40.9
45.9
78.3
-10.9%
Share-based compensation
24.3
25.5
22.5
-4.7%
Buybacks
328
0.0
0.0
Dividends paid
15.9
12.7
0.0
+25.2%
Dividend per share
$0.03
$0.03
n/a
0.0%
Diluted shares, weighted
161m
170m
169m
-5.3%
Shares outstanding at period end
156m
169m
168m
-7.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
576
570
188
+1.2%
Non-controlling interest
3.0
3.8
3.9
-21.1%
Short-term borrowings
4.6
3.7
n/a
+24.3%
Debt
2,586
2,584
1,806
+0.1%
Operating lease liabilities
34.0
35.6
30.5
-4.5%
Other liabilities
1,140
1,153
1,045
-1.2%
Total liabilities and equity
4,343
4,350
3,073
-0.1%
Fixed assets
92.1
101
96.8
-8.4%
Goodwill
1,739
1,667
1,092
+4.3%
Intangible assets
650
616
250
+5.5%
Cash and equivalents
204
573
380
-64.3%
Receivables
515
481
447
+7.0%
Inventory
346
287
234
+20.6%
Other assets
798
625
572
+27.6%
Total assets
4,343
4,350
3,073
-0.1%
10-K for the year ended 31 December 2022, filed 17 February 2023: the filing.