KNF FY 2022 Earnings Report — Knife River Corporation Revenue & Financial Results | Market Cap Arena

Knife River CorporationKNF

FY 2022 Earnings

Reported December 31, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$2.5B	—	$2.2B	—	13.7%
Op. Income	$194M	—	$191M	—	1.7%
Gross Margin	14.2%	—	15.6%	—	-1.3pp
Net Margin	4.6%	—	5.8%	—	-1.2pp
EPS (Diluted)	$2.05	—	$2.29	—	-10.5%
Free Cash Flow	$29M	—	$7M	—	317.7%

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$2.2B
GROSS PROFIT	$361M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$167M
Other Expenses	$0
Operating Expenses	$167M
Cost & Expenses	$2.3B
OPERATING INCOME	$194M
Interest Income	$0
Interest Expense	$30M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$159M
Income Tax Expense	$43M
Net Income from Continuing Ops	$116M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$116M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$116M
D&A	$118M
EBIT	$189M
EBITDA	$307M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$2.2B
GROSS PROFIT	$361M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$167M
Other Expenses	$0
Operating Expenses	$167M
Cost & Expenses	$2.3B
OPERATING INCOME	$194M
Interest Income	$0
Interest Expense	$30M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$159M
Income Tax Expense	$43M
Net Income from Continuing Ops	$116M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$116M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$116M
D&A	$118M
EBIT	$189M
EBITDA	$307M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$116M
Depreciation & Amortization	$118M
Stock-Based Compensation	$1M
Deferred Income Tax	$2M
Other Non-Cash Items	-$909.0K
Change in Working Capital	-$29M
OPERATING CASH FLOW	$207M
Capital Expenditure	-$178M
Acquisitions (Net)	$2M
Purchases of Investments	-$2M
Sales/Maturities of Investments	$0
Other Investing Activities	$23M
NET CASH FROM INVESTING	-$156M
Net Debt Issuance	$695.0K
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$56M
NET CASH FROM FINANCING	-$55M
FREE CASH FLOW	$29M
Net Change in Cash	-$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$10M
Short-Term Investments	$0
Net Receivables	$226M
Inventory	$323M
Other Current Assets	$49M
TOTAL CURRENT ASSETS	$609M
PP&E (Net)	$1.4B
Goodwill	$275M
Intangible Assets	$13M
Long-Term Investments	$37M
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.3B
Account Payables	$87M
Short-Term Debt	$238M
Deferred Revenue	$40M
Other Current Liabilities	$29M
TOTAL CURRENT LIABILITIES	$517M
Long-Term Debt	$447M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$176M
Other Non-Current Liabilities	$93M
TOTAL NON-CURRENT LIABILITIES	$749M
TOTAL LIABILITIES	$1.3B
Common Stock	$800.0K
Additional Paid-In Capital	$549M
Retained Earnings	$495M
Treasury Stock	-$4M
Accum. Other Comp. Income	-$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$731M
Net Debt	$721M