Dentsply Sirona (XRAY) FY2022 results: revenue $3.9 billion, down 7.3% on the year
Dentsply Sirona Inc. (XRAY) reported revenue of $3.9 billion for fiscal 2022, the year ended 31 December 2022, down 7.3% on the year before. Net income was -$950 million, and diluted earnings per share $-4.41. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2023.
Revenue
$3.9 billion
-7.3% on the year
FY2015FY2022
Operating margin
-23.9%
14.4% a year earlier
FY2015FY2022
Net income
-$950 million
FY2015FY2022
Diluted EPS
-$4.41
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
517
657
649
-21.3%
Capital expenditure
149
142
87.0
+4.9%
Free cash flow
368
515
562
-28.5%
Free cash flow margin
9.4%
12.2%
16.8%
Cash from investing
-138
-358
-1,106
Cash from financing
-329
-379
476
Depreciation and amortisation
328
347
334
-5.5%
Share-based compensation
59.0
48.0
47.0
+22.9%
Buybacks
150
200
140
-25.0%
Dividends paid
104
92.0
88.0
+13.0%
Dividend per share
$0.50
$0.43
$0.40
+16.3%
Diluted shares, weighted
216m
220m
219m
-2.1%
Shares outstanding at period end
215m
217m
219m
-1.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,811
4,996
4,932
-23.7%
Non-controlling interest
1.0
1.0
3.0
0.0%
Debt
1,944
2,095
2,284
-7.2%
Operating lease liabilities
149
149
130
0.0%
Finance lease liabilities
1.0
1.0
1.0
0.0%
Other liabilities
1,737
1,997
1,992
-13.0%
Total liabilities and equity
7,643
9,239
9,342
-17.3%
Fixed assets
761
773
791
-1.6%
Goodwill
2,688
3,976
3,986
-32.4%
Intangible assets
1,903
2,319
2,504
-17.9%
Cash and equivalents
365
339
438
+7.7%
Inventory
627
515
476
+21.7%
Other assets
1,299
1,317
1,147
-1.4%
Total assets
7,643
9,239
9,342
-17.3%
10-K for the year ended 31 December 2022, filed 1 March 2023: the filing.