Walker & Dunlop (WD) FY2022 results: revenue $1.3 billion, unchanged on the year
Walker & Dunlop, Inc. (WD) reported revenue of $1.3 billion for fiscal 2022, the year ended 31 December 2022, unchanged on the year before. Net income was $214 million, down 19.5%, and diluted earnings per share $6.36. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$1.3 billion
-0.0% on the year
FY2015FY2022
Operating margin
21.0%
28.0% a year earlier
FY2015FY2022
Net income
$214 million
-19.5% on the year
FY2015FY2022
Diluted EPS
$6.36
-22.0% 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
1,583
870
-1,411
+81.8%
Capital expenditure
22.0
9.2
3.0
+138.9%
Free cash flow
1,561
861
-1,414
+81.2%
Free cash flow margin
124.0%
68.4%
-130.5%
Cash from investing
-134
-378
115
Cash from financing
-1,584
-458
1,518
Depreciation and amortisation
235
210
169
+11.8%
Share-based compensation
34.0
36.6
28.3
-7.1%
Buybacks
42.4
18.9
45.8
+124.5%
Dividends paid
80.1
64.5
45.4
+24.3%
Dividend per share
$2.40
$2.00
$1.44
+20.0%
Diluted shares, weighted
33m
32m
31m
+3.7%
Shares outstanding at period end
32m
32m
31m
+1.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,689
1,550
1,196
+9.0%
Non-controlling interest
27.4
28.1
n/a
-2.3%
Debt
704
740
292
-4.9%
Other liabilities
1,624
2,888
3,163
-43.7%
Total liabilities and equity
4,045
5,206
4,651
-22.3%
Fixed assets
33.9
72.7
n/a
-53.4%
Goodwill
960
699
249
+37.4%
Intangible assets
199
184
1.9
+8.0%
Loans
200
269
360
-25.6%
Cash and equivalents
226
306
321
-26.1%
Other assets
2,427
3,676
3,719
-34.0%
Total assets
4,045
5,206
4,651
-22.3%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.