Wolverine World Wide (WWW) FY2022 results: revenue $2.7 billion, up 11.2% on the year
Wolverine World Wide Inc. (WWW) reported revenue of $2.7 billion for fiscal 2022, the year ended 31 December 2022, up 11.2% on the year before. Net income was -$188 million, and diluted earnings per share $-2.37. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$2.7 billion
+11.2% on the year
FY2015FY2022
Operating margin
-7.8%
6.4% a year earlier
FY2015FY2022
Net income
-$188 million
FY2015FY2022
Diluted EPS
-$2.37
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
-179
86.8
309
Capital expenditure
36.5
17.6
10.3
+107.4%
Free cash flow
-215
69.2
299
Free cash flow margin
-8.0%
2.9%
16.7%
Cash from investing
54.6
-437
6.1
Cash from financing
107
169
-154
-36.7%
Depreciation and amortisation
34.6
33.2
32.8
+4.2%
Share-based compensation
33.4
38.1
28.9
-12.3%
Buybacks
81.3
39.6
21.0
+105.3%
Dividends paid
32.8
33.5
33.6
-2.1%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
80m
83m
81m
-4.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
321
630
561
-49.1%
Non-controlling interest
18.4
14.8
11.6
+24.3%
Debt
1,158
967
722
+19.8%
Operating lease liabilities
154
118
130
+29.9%
Other liabilities
842
857
712
-1.7%
Total liabilities and equity
2,493
2,586
2,137
-3.6%
Fixed assets
136
129
125
+5.6%
Goodwill
485
557
442
-12.9%
Intangible assets
67.4
74.6
73.0
-9.7%
Cash and equivalents
132
162
347
-18.7%
Receivables
242
320
268
-24.4%
Inventory
745
366
243
+103.9%
Other assets
686
979
639
-30.0%
Total assets
2,493
2,586
2,137
-3.6%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.