Allison Transmission Holdings (ALSN) FY2023 results: revenue $3.0 billion, up 9.6% on the year
Allison Transmission Holdings Inc. (ALSN) reported revenue of $3.0 billion for fiscal 2023, the year ended 31 December 2023, up 9.6% on the year before. Net income was $673 million, up 26.7%, and diluted earnings per share $7.40. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2024.
Revenue
$3.0 billion
+9.6% on the year
FY2016FY2023
Operating margin
30.3%
28.3% a year earlier
FY2016FY2023
Net income
$673 million
+26.7% on the year
FY2016FY2023
Diluted EPS
$7.40
+33.8% 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
784
657
635
+19.3%
Capital expenditure
125
167
175
-25.1%
Free cash flow
659
490
460
+34.5%
Free cash flow margin
21.7%
17.7%
19.2%
Cash from investing
-129
-183
-212
Cash from financing
-332
-367
-604
Depreciation and amortisation
154
155
150
-0.6%
Share-based compensation
22.0
18.0
14.0
+22.2%
Buybacks
263
278
513
-5.4%
Dividends paid
83.0
80.0
81.0
+3.8%
Dividend per share
$0.92
$0.84
n/a
+9.5%
Diluted shares, weighted
91m
96m
107m
-5.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,233
874
634
+41.1%
Debt
2,518
2,525
2,531
-0.3%
Operating lease liabilities
14.0
13.0
13.0
+7.7%
Other liabilities
1,260
1,259
1,279
+0.1%
Total liabilities and equity
5,025
4,671
4,457
+7.6%
Fixed assets
774
763
706
+1.4%
Goodwill
2,076
2,075
2,064
+0.0%
Intangible assets
833
878
917
-5.1%
Investments
20.0
22.0
46.0
-9.1%
Cash and equivalents
555
232
127
+139.2%
Receivables
356
363
301
-1.9%
Inventory
276
224
204
+23.2%
Other assets
135
114
92.0
+18.4%
Total assets
5,025
4,671
4,457
+7.6%
10-K for the year ended 31 December 2023, filed 14 February 2024: the filing.