Amphenol (APH) FY2023 results: revenue $12.6 billion, down 0.5% on the year
Amphenol Corp. (APH) reported revenue of $12.6 billion for fiscal 2023, the year ended 31 December 2023, down 0.5% on the year before. Net income was $1.9 billion, up 1.4%, and diluted earnings per share $0.78. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2024.
Revenue
$12.6 billion
-0.5% on the year
FY2016FY2023
Operating margin
20.4%
20.5% a year earlier
FY2016FY2023
Net income
$1.9 billion
+1.4% on the year
FY2016FY2023
Diluted EPS
$0.78
+1.6% 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
2,529
2,175
1,540
+16.3%
Capital expenditure
373
384
360
-2.9%
Free cash flow
2,156
1,791
1,180
+20.4%
Free cash flow margin
17.2%
14.2%
10.8%
Cash from investing
-1,394
-731
-1,888
Cash from financing
-1,012
-1,197
-145
Depreciation and amortisation
406
393
396
+3.4%
Share-based compensation
99.0
89.5
83.0
+10.6%
Buybacks
585
730
662
-19.9%
Dividends paid
501
477
347
+4.9%
Dividend per share
$0.21
$0.20
$0.16
+4.9%
Diluted shares, weighted
2,482m
2,484m
2,502m
-0.1%
Shares outstanding at period end
2,396m
2,379m
2,396m
+0.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
8,346
7,016
6,302
+19.0%
Non-controlling interest
49.3
57.9
58.1
-14.9%
Redeemable equity
30.7
20.6
19.0
+49.0%
Debt
4,337
4,575
4,796
-5.2%
Operating lease liabilities
212
208
180
+1.7%
Other liabilities
3,550
3,449
3,323
+3.0%
Total liabilities and equity
16,526
15,326
14,678
+7.8%
Fixed assets
1,315
1,204
1,175
+9.2%
Goodwill
7,092
6,446
6,377
+10.0%
Intangible assets
835
734
757
+13.7%
Investments
185
61.1
44.3
+203.1%
Cash and equivalents
1,475
1,373
1,197
+7.4%
Receivables
2,618
2,631
2,455
-0.5%
Inventory
2,167
2,094
1,894
+3.5%
Other assets
839
783
779
+7.2%
Total assets
16,526
15,326
14,678
+7.8%
10-K for the year ended 31 December 2023, filed 7 February 2024: the filing.