Adeia (ADEA) FY2023 results: revenue $389 million, down 11.4% on the year
Adeia Inc. (ADEA) reported revenue of $389 million for fiscal 2023, the year ended 31 December 2023, down 11.4% on the year before. Net income was $67 million, and diluted earnings per share $0.60. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$389 million
-11.4% on the year
FY2018FY2023
Operating margin
35.0%
34.9% a year earlier
FY2018FY2023
Net income
$67 million
FY2018FY2023
Diluted EPS
$0.60
FY2018FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
153
183
235
-16.5%
Capital expenditure
3.8
12.6
13.9
-69.7%
Free cash flow
149
170
221
-12.6%
Free cash flow margin
38.3%
38.8%
56.4%
Cash from investing
-34.5
-2.9
-6.2
Cash from financing
-178
-263
-196
Depreciation and amortisation
95.3
114
227
-16.6%
Share-based compensation
18.1
52.6
58.2
-65.7%
Buybacks
0.0
17.3
84.9
Dividends paid
21.3
20.9
21.0
+2.2%
Dividend per share
$0.20
$0.20
$0.20
0.0%
Diluted shares, weighted
113m
108m
105m
+4.9%
Shares outstanding at period end
107m
105m
103m
+2.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
357
301
1,350
+18.3%
Non-controlling interest
n/a
n/a
-9.2
Debt
586
729
765
-19.7%
Operating lease liabilities
9.7
4.8
5.6
+103.0%
Other liabilities
154
175
358
-12.2%
Total liabilities and equity
1,106
1,211
2,470
-8.7%
Fixed assets
7.0
4.5
4.9
+53.2%
Goodwill
314
314
315
0.0%
Intangible assets
347
432
547
-19.7%
Investments
29.0
n/a
60.5
Securities held for sale or to maturity
n/a
29.0
n/a
Cash and equivalents
54.6
115
80.4
-52.4%
Receivables
39.7
58.5
64.2
-32.2%
Inventory
n/a
n/a
5.1
Other assets
315
258
1,393
+22.0%
Total assets
1,106
1,211
2,470
-8.7%
10-K for the year ended 31 December 2023, filed 23 February 2024: the filing.