Weyerhaeuser (WY) FY2022 results: revenue $10.2 billion, down 0.2% on the year
Weyerhaeuser Co. (WY) reported revenue of $10.2 billion for fiscal 2022, the year ended 31 December 2022, down 0.2% on the year before. Net income was $1.9 billion, down 27.9%, and diluted earnings per share $2.53. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2023.
Revenue
$10.2 billion
-0.2% on the year
FY2015FY2022
Operating margin
30.2%
35.7% a year earlier
FY2015FY2022
Net income
$1.9 billion
-27.9% on the year
FY2015FY2022
Diluted EPS
$2.53
-27.1% 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
2,832
3,159
1,529
-10.4%
Capital expenditure
53.0
55.0
56.0
-3.6%
Free cash flow
2,779
3,104
1,473
-10.5%
Free cash flow margin
27.3%
30.4%
19.6%
Cash from investing
-759
-325
185
Cash from financing
-2,491
-1,330
-1,358
Depreciation and amortisation
480
477
472
+0.6%
Share-based compensation
33.0
30.0
30.0
+10.0%
Buybacks
543
100
0.0
+443.0%
Dividends paid
1,617
884
381
+82.9%
Dividend per share
$2.17
$1.18
$0.51
+83.9%
Diluted shares, weighted
743m
751m
748m
-1.1%
Shares outstanding at period end
733m
747m
747m
-1.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
10,749
10,767
8,731
-0.2%
Debt
5,053
5,099
5,475
-0.9%
Operating lease liabilities
91.0
90.0
95.0
+1.1%
Finance lease liabilities
5.0
8.0
12.0
-37.5%
Other liabilities
1,442
1,688
1,998
-14.6%
Total liabilities and equity
17,340
17,652
16,311
-1.8%
Fixed assets
2,171
2,057
2,013
+5.5%
Investments
0.0
n/a
n/a
Cash and equivalents
1,581
1,879
495
-15.9%
Receivables
357
507
450
-29.6%
Inventory
550
520
443
+5.8%
Other assets
12,681
12,689
12,910
-0.1%
Total assets
17,340
17,652
16,311
-1.8%
10-K for the year ended 31 December 2022, filed 17 February 2023: the filing.