10-K FY 2022 FINAL MOOG Inc - Flipbook - Page 21
Table of Contents
Item 6.
Selected Financial Data.
For a more detailed discussion of 2020 through 2022, refer to Item 7, Management’s Discussion and Analysis of
Financial Condition and Results of Operations of this report and Item 8, Financial Statements and Supplementary
Data of this report.
(dollars in thousands, except per share data)
RESULTS FROM OPERATIONS
Net sales
Net earnings
Net earnings per share
Basic
Diluted
Weighted-average shares outstanding
Basic
Diluted
OTHER FINANCIAL DATA
Cash and cash equivalents
Acquisitions of businesses, net of cash acquired
Research and development
Share repurchase programs
Total backlog
Twelve-month backlog
Net debt to capitalization
2022
2021
2020
2019
2018
$ 3,035,783
155,177
$ 2,851,993
157,220
$ 2,884,554
9,205
$ 2,904,663
174,548
$ 2,709,468
95,240
$
$
$
$
$
$
$
$
$
$
4.85
4.83
31,977,482
32,117,028
4.90
4.87
32,112,589
32,297,956
0.28
0.28
33,257,684
33,437,801
5.01
4.96
34,854,614
35,178,968
2.67
2.64
35,661,638
36,052,307
$ 103,895
$
99,599
$
84,583
$
89,702
$ 125,584
11,832
77,600
54,265
—
48,382
109,527
125,528
110,865
126,453
129,838
35,626
29,446
215,776
23,358
27
5,200,000
4,800,000
2,600,000
2,200,000
n/a
2,300,000
2,100,000
1,700,000
1,500,000
1,500,000
33 %
36 %
40 %
36 %
38 %
Notes and definitions for the above table:
•
•
•
•
•
•
•
All periods include the effects of our share repurchase programs. See the Consolidated Statements of Shareholders'
Equity, Consolidated Statements of Cash Flow and Note 17 - Shareholders' Equity, of Item 8, Financial Statements and
Supplementary Data, of this report.
All periods include the effects of acquisitions and divestitures. See Note 3 - Acquisitions, Divestitures and Equity Method
Investments, of Item 8, Financial Statements and Supplementary Data, of this report.
2020-2022 includes long-lived asset impairment charges. See the Consolidated Statements of Earnings, Note 1 Summary of Significant Accounting Policies, of Item 8, Financial Statements and Supplementary Data, of this report.
2020 includes the effect of a pension settlement in our qualified U.S. defined benefit pension plan. See the Consolidated
Statements of Earnings, Note 1 - Summary of Significant Accounting Policies and Note 14 - Employee Benefit Plans, of
Item 8, Financial Statements and Supplementary Data, of this report.
Net earnings and net earnings per share represents amounts attributable to common shareholders.
Twelve-month backlog is defined as confirmed orders we believe will be recognized as revenue within the next twelve
months.
Net debt to capitalization is computed as net debt (total debt less cash and cash equivalents) divided by capitalization
(the sum of net debt and shareholders’ equity).
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