Andersons (ANDE) FY2023 results: revenue $14.8 billion, down 14.9% on the year
Andersons, Inc. (ANDE) reported revenue of $14.8 billion for fiscal 2023, the year ended 31 December 2023, down 14.9% on the year before. Net income was $101 million, down 22.8%, and diluted earnings per share $2.94. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2024.
Revenue
$14.8 billion
-14.9% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$101 million
-22.8% on the year
FY2016FY2023
Diluted EPS
$2.94
-22.8% 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
947
287
-51.0
+229.7%
Capital expenditure
150
108
75.8
+38.9%
Free cash flow
796
179
-127
+345.3%
Free cash flow margin
5.4%
1.0%
-1.0%
Cash from investing
-154
-52.9
487
Cash from financing
-264
-335
-249
Depreciation and amortisation
125
135
179
-7.2%
Share-based compensation
12.9
11.2
11.0
+14.9%
Buybacks
1.7
12.7
0.0
-86.3%
Dividends paid
25.4
24.6
23.7
+3.1%
Dividend per share
$0.74
$0.72
$0.70
+2.8%
Diluted shares, weighted
34m
34m
34m
-0.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,283
1,199
1,072
+7.0%
Non-controlling interest
233
231
235
+1.0%
Debt
634
875
1,135
-27.6%
Operating lease liabilities
31.7
37.1
31.3
-14.8%
Finance lease liabilities
7.9
8.4
10.8
-6.2%
Other liabilities
1,665
2,257
2,085
-26.2%
Total liabilities and equity
3,855
4,608
4,569
-16.3%
Fixed assets
693
763
786
-9.1%
Goodwill
128
129
129
-1.1%
Intangible assets
85.6
101
117
-15.2%
Cash and equivalents
644
115
216
+458.6%
Inventory
1,167
1,732
1,815
-32.6%
Other assets
1,138
1,768
1,506
-35.7%
Total assets
3,855
4,608
4,569
-16.3%
10-K for the year ended 31 December 2023, filed 21 February 2024: the filing.