SAP FY 2022 Earnings Report — SAP SE Revenue & Financial Results | Market Cap Arena

FY 2022 Earnings

Reported March 2, 2023

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	$34.5B	—	$31.5B	—	9.5%
Op. Income	$6.9B	—	$7.4B	—	-6.2%
Gross Margin	72.8%	—	73.2%	—	-0.4pp
Net Margin	7.7%	—	19.5%	—	-11.8pp
EPS (Diluted)	$2.28	—	$5.33	—	-57.2%
Free Cash Flow	$5.6B	—	$6.5B	—	-13.6%

Revenue Flow

Item	Amount
REVENUE	$34.5B
Cost of Revenue	$9.4B
GROSS PROFIT	$25.1B
R&D Expenses	$7.1B
Selling & Marketing	$9.3B
General & Administrative	$1.5B
SG&A Expenses	$10.8B
Other Expenses	$295M
Operating Expenses	$18.2B
Cost & Expenses	$27.6B
OPERATING INCOME	$6.9B
Interest Income	$948M
Interest Expense	$2.6B
Other Income/Expenses	-$1.6B
INCOME BEFORE TAX	$5.3B
Income Tax Expense	$1.7B
Net Income from Continuing Ops	$3.6B
Net Income from Discontinued Ops	-$1.6B
Other Adjustments	$0
NET INCOME	$2.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.7B
D&A	$1.8B
EBIT	$7.8B
EBITDA	$9.7B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$34.5B
Cost of Revenue	$9.4B
GROSS PROFIT	$25.1B
R&D Expenses	$7.1B
Selling & Marketing	$9.3B
General & Administrative	$1.5B
SG&A Expenses	$10.8B
Other Expenses	$295M
Operating Expenses	$18.2B
Cost & Expenses	$27.6B
OPERATING INCOME	$6.9B
Interest Income	$948M
Interest Expense	$2.6B
Other Income/Expenses	-$1.6B
INCOME BEFORE TAX	$5.3B
Income Tax Expense	$1.7B
Net Income from Continuing Ops	$3.6B
Net Income from Discontinued Ops	-$1.6B
Other Adjustments	$0
NET INCOME	$2.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.7B
D&A	$1.8B
EBIT	$7.8B
EBITDA	$9.7B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.7B
Depreciation & Amortization	$1.8B
Stock-Based Compensation	$1.7B
Deferred Income Tax	$1.6B
Other Non-Cash Items	-$1.0B
Change in Working Capital	-$167M
OPERATING CASH FLOW	$6.6B
Capital Expenditure	-$1.0B
Acquisitions (Net)	-$456M
Purchases of Investments	-$2.7B
Sales/Maturities of Investments	$4.9B
Other Investing Activities	$71M
NET CASH FROM INVESTING	$780M
Net Debt Issuance	-$2.0B
Common Stock Repurchased	-$1.8B
Common Dividends Paid	-$3.3B
Other Financing Activities	-$322M
NET CASH FROM FINANCING	-$7.4B
FREE CASH FLOW	$5.6B
Net Change in Cash	$129M

Balance Sheet

Item	Amount
Cash & Equivalents	$10.5B
Short-Term Investments	$1.0B
Net Receivables	$7.3B
Inventory	$0
Other Current Assets	$1.9B
TOTAL CURRENT ASSETS	$21.7B
PP&E (Net)	$5.8B
Goodwill	$38.7B
Intangible Assets	$4.5B
Long-Term Investments	$6.6B
Tax Assets	$2.4B
Other Non-Current Assets	$4.7B
TOTAL NON-CURRENT ASSETS	$62.7B
TOTAL ASSETS	$84.4B
Account Payables	$2.5B
Short-Term Debt	$4.7B
Deferred Revenue	$6.2B
Other Current Liabilities	$989M
TOTAL CURRENT LIABILITIES	$20.4B
Long-Term Debt	$8.1B
Deferred Revenue NC	$39M
Deferred Tax Liabilities	$283M
Other Non-Current Liabilities	$3.3B
TOTAL NON-CURRENT LIABILITIES	$13.9B
TOTAL LIABILITIES	$34.3B
Common Stock	$1.4B
Additional Paid-In Capital	$3.6B
Retained Earnings	$42.5B
Treasury Stock	-$5.1B
Accum. Other Comp. Income	$4.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$46.9B
Minority Interest	$3.2B
TOTAL EQUITY	$50.1B
TOTAL LIABILITIES & EQUITY	$84.4B
Total Debt	$15.3B
Net Debt	$4.8B