Zoetis (ZTS) FY2022 results: revenue $8.1 billion, up 3.9% on the year
Zoetis Inc. (ZTS) reported revenue of $8.1 billion for fiscal 2022, the year ended 31 December 2022, up 3.9% on the year before. Net income was $2.1 billion, up 3.8%, and diluted earnings per share $4.49. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2023.
Revenue
$8.1 billion
+3.9% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$2.1 billion
+3.8% on the year
FY2015FY2022
Diluted EPS
$4.49
+5.2% 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
1,912
2,213
2,126
-13.6%
Capital expenditure
586
477
453
+22.9%
Free cash flow
1,326
1,736
1,673
-23.6%
Free cash flow margin
16.4%
22.3%
25.1%
Cash from investing
-883
-458
-572
Cash from financing
-904
-1,862
123
Depreciation and amortisation
465
448
441
+3.8%
Share-based compensation
62.0
58.0
59.0
+6.9%
Buybacks
1,594
743
250
+114.5%
Dividends paid
611
474
380
+28.9%
Dividend per share
$1.35
$1.07
$0.85
+25.6%
Diluted shares, weighted
470m
477m
479m
-1.3%
Shares outstanding at period end
464m
473m
475m
-1.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
4,405
4,543
3,769
-3.0%
Non-controlling interest
-2.0
1.0
4.0
Short-term borrowings
2.0
0.0
4.0
Debt
7,902
6,592
7,195
+19.9%
Operating lease liabilities
186
151
163
+23.2%
Finance lease liabilities
0.0
n/a
n/a
Other liabilities
2,432
2,613
2,474
-6.9%
Total liabilities and equity
14,925
13,900
13,609
+7.4%
Fixed assets
2,753
2,422
2,202
+13.7%
Goodwill
2,746
2,682
2,694
+2.4%
Intangible assets
1,380
1,474
1,710
-6.4%
Cash and equivalents
3,581
3,485
3,604
+2.8%
Receivables
1,215
1,133
1,013
+7.2%
Inventory
2,345
1,923
1,628
+21.9%
Other assets
905
781
758
+15.9%
Total assets
14,925
13,900
13,609
+7.4%
10-K for the year ended 31 December 2022, filed 14 February 2023: the filing.