IX Q4 2022 Earnings Report — ORIX Corporation Revenue & Financial Results | Market Cap Arena

ORIX CorporationIX

Q4 2022 Earnings

Reported March 30, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2022	Q3 2022	Q4 2021	QoQ Change	YoY Change
Revenue	$4.1B	$3.9B	$3.9B	4.1%	4.0%
Op. Income	$125M	$459M	$408M	-72.7%	-69.3%
Gross Margin	34.9%	38.3%	32.4%	-3.3pp	2.5pp
Net Margin	15.5%	10.3%	8.0%	5.1pp	7.4pp
EPS (Diluted)	$0.53	$0.34	$0.26	56.2%	106.6%
Free Cash Flow	$1.9B	$928M	$2.0B	102.8%	-3.6%

Revenue Flow

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.7B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$904M
Other Expenses	$399M
Operating Expenses	$1.3B
Cost & Expenses	$4.0B
OPERATING INCOME	$125M
Interest Income	$441M
Interest Expense	$111M
Other Income/Expenses	$1.1B
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$541M
Net Income from Continuing Ops	$638M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$631M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$631M
D&A	$524M
EBIT	$590M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.7B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$904M
Other Expenses	$399M
Operating Expenses	$1.3B
Cost & Expenses	$4.0B
OPERATING INCOME	$125M
Interest Income	$441M
Interest Expense	$111M
Other Income/Expenses	$1.1B
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$541M
Net Income from Continuing Ops	$638M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$631M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$631M
D&A	$524M
EBIT	$590M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$631M
Depreciation & Amortization	$524M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$89M
Change in Working Capital	$926M
OPERATING CASH FLOW	$2.0B
Capital Expenditure	-$109M
Acquisitions (Net)	$1.6B
Purchases of Investments	-$2.5B
Sales/Maturities of Investments	$676M
Other Investing Activities	$175M
NET CASH FROM INVESTING	-$150M
Net Debt Issuance	-$1.6B
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$49M
NET CASH FROM FINANCING	-$1.7B
FREE CASH FLOW	$1.9B
Net Change in Cash	$380M

Balance Sheet

Item	Amount
Cash & Equivalents	$6.0B
Short-Term Investments	$26M
Net Receivables	$32.9B
Inventory	$874M
Other Current Assets	$1.2B
TOTAL CURRENT ASSETS	$41.0B
PP&E (Net)	$5.7B
Goodwill	$3.1B
Intangible Assets	$3.0B
Long-Term Investments	$22.8B
Tax Assets	$0
Other Non-Current Assets	$13.8B
TOTAL NON-CURRENT ASSETS	$48.4B
TOTAL ASSETS	$89.4B
Account Payables	$1.8B
Short-Term Debt	$2.8B
Deferred Revenue	$0
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$6.0B
Long-Term Debt	$27.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$32.8B
TOTAL NON-CURRENT LIABILITIES	$62.3B
TOTAL LIABILITIES	$68.3B
Common Stock	$1.4B
Additional Paid-In Capital	$1.6B
Retained Earnings	$18.2B
Treasury Stock	-$711M
Accum. Other Comp. Income	-$100M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$20.4B
Minority Interest	$689M
TOTAL EQUITY	$21.1B
TOTAL LIABILITIES & EQUITY	$89.4B
Total Debt	$32.3B
Net Debt	$26.3B