ADT (ADT) FY2023 results: revenue $4.7 billion, up 6.2% on the year
ADT Inc. (ADT) reported revenue of $4.7 billion for fiscal 2023, the year ended 31 December 2023, up 6.2% on the year before. Net income was $463 million, up 249.0%, and diluted earnings per share $0.51. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2024.
Revenue
$4.7 billion
+6.2% on the year
FY2016FY2023
Operating margin
25.3%
16.5% a year earlier
FY2016FY2023
Net income
$463 million
+249.0% on the year
FY2016FY2023
Diluted EPS
$0.51
+168.4% on the year
FY2016FY2023
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
1,658
1,888
1,650
-12.2%
Capital expenditure
176
177
168
-0.2%
Free cash flow
1,481
1,711
1,481
-13.4%
Free cash flow margin
31.8%
39.1%
35.3%
Cash from investing
242
-1,533
-1,696
Cash from financing
-2,144
-14.8
-128
Depreciation and amortisation
1,335
1,600
1,840
-16.5%
Share-based compensation
51.1
66.6
61.2
-23.2%
Buybacks
0.0
1,200
0.0
Dividends paid
129
127
116
+1.2%
Dividend per share
$0.14
$0.14
n/a
0.0%
Diluted shares, weighted
n/a
915m
n/a
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
3,789
3,393
3,249
+11.7%
Debt
7,937
9,937
9,837
-20.1%
Operating lease liabilities
80.2
85.2
99.7
-5.9%
Finance lease liabilities
43.7
36.4
54.4
+20.0%
Other liabilities
4,114
4,369
3,655
-5.8%
Total liabilities and equity
15,964
17,821
16,894
-10.4%
Fixed assets
254
376
364
-32.5%
Goodwill
4,904
5,430
5,601
-9.7%
Intangible assets
4,877
4,927
5,413
-1.0%
Cash and equivalents
14.6
257
24.5
-94.3%
Receivables
370
335
442
+10.7%
Other assets
5,544
6,496
5,049
-14.7%
Total assets
15,964
17,821
16,894
-10.4%
10-K for the year ended 31 December 2023, filed 28 February 2024: the filing.