Western Union (WU) FY2022 results: revenue $4.5 billion, down 11.7% on the year
Western Union Co. (WU) reported revenue of $4.5 billion for fiscal 2022, the year ended 31 December 2022, down 11.7% on the year before. Net income was $911 million, up 13.0%, and diluted earnings per share $2.34. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$4.5 billion
-11.7% on the year
FY2015FY2022
Operating margin
19.8%
22.1% a year earlier
FY2015FY2022
Net income
$911 million
+13.0% on the year
FY2015FY2022
Diluted EPS
$2.34
+18.8% 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
582
1,045
878
-44.4%
Capital expenditure
31.9
37.7
36.5
-15.4%
Free cash flow
550
1,008
841
-45.4%
Free cash flow margin
12.3%
19.9%
17.4%
Cash from investing
526
192
-374
+173.7%
Cash from financing
-1,177
-1,270
-186
Depreciation and amortisation
184
208
226
-11.7%
Share-based compensation
45.5
44.3
41.7
+2.7%
Buybacks
370
410
240
-9.8%
Dividends paid
364
382
370
-4.6%
Dividend per share
$0.94
$0.94
$0.90
0.0%
Diluted shares, weighted
388m
409m
415m
-5.0%
Shares outstanding at period end
374m
394m
411m
-5.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
478
356
187
+34.4%
Debt
2,617
3,008
3,067
-13.0%
Other liabilities
5,402
5,460
6,242
-1.1%
Total liabilities and equity
8,496
8,824
9,496
-3.7%
Fixed assets
110
129
150
-15.3%
Goodwill
2,035
2,035
2,567
0.0%
Intangible assets
458
417
505
+9.8%
Securities held for sale or to maturity
1,334
1,399
1,991
-4.7%
Loans
n/a
1,175
1,135
Cash and equivalents
1,286
1,208
1,428
+6.4%
Other assets
3,275
2,460
1,720
+33.1%
Total assets
8,496
8,824
9,496
-3.7%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.