Westinghouse Air Brake Technologies (WAB) FY2022 results: revenue $8.4 billion, up 6.9% on the year
Westinghouse Air Brake Technologies Corp. (WAB) reported revenue of $8.4 billion for fiscal 2022, the year ended 31 December 2022, up 6.9% on the year before. Net income was $633 million, up 13.4%, and diluted earnings per share $3.46. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2023.
Revenue
$8.4 billion
+6.9% on the year
FY2015FY2022
Operating margin
12.1%
11.2% a year earlier
FY2015FY2022
Net income
$633 million
+13.4% on the year
FY2015FY2022
Diluted EPS
$3.46
+16.9% 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
1,038
1,073
784
-3.3%
Capital expenditure
149
130
136
+14.6%
Free cash flow
889
943
648
-5.7%
Free cash flow margin
10.6%
12.1%
8.6%
Cash from investing
-235
-540
-155
Cash from financing
-708
-653
-619
Depreciation and amortisation
479
491
473
-2.4%
Share-based compensation
41.0
46.0
20.0
-10.9%
Buybacks
473
300
207
+57.7%
Dividends paid
111
92.0
93.0
+20.7%
Dividend per share
$0.60
$0.48
$0.48
+25.0%
Diluted shares, weighted
183m
188m
190m
-2.8%
Shares outstanding at period end
181m
186m
189m
-2.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
10,102
10,201
10,122
-1.0%
Non-controlling interest
45.0
38.0
30.0
+18.4%
Debt
4,002
4,058
4,239
-1.4%
Other liabilities
4,367
4,157
4,063
+5.1%
Total liabilities and equity
18,516
18,454
18,454
+0.3%
Fixed assets
1,429
1,497
1,602
-4.5%
Goodwill
8,508
8,587
8,485
-0.9%
Intangible assets
3,402
3,705
3,869
-8.2%
Cash and equivalents
541
473
599
+14.4%
Receivables
975
1,085
969
-10.1%
Inventory
2,034
1,689
1,642
+20.4%
Other assets
1,627
1,418
1,288
+14.7%
Total assets
18,516
18,454
18,454
+0.3%
10-K for the year ended 31 December 2022, filed 15 February 2023: the filing.