Aptiv (APTV) FY2023 results: revenue $20.1 billion, up 14.6% on the year
Aptiv plc (APTV) reported revenue of $20.1 billion for fiscal 2023, the year ended 31 December 2023, up 14.6% on the year before. Net income was $2.9 billion, up 394.6%, and diluted earnings per share $10.39. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2024.
Revenue
$20.1 billion
+14.6% on the year
FY2016FY2023
Operating margin
7.8%
7.2% a year earlier
FY2016FY2023
Net income
$2.9 billion
+394.6% on the year
FY2016FY2023
Diluted EPS
$10.39
+430.1% 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
1,896
1,263
1,222
+50.1%
Capital expenditure
906
844
611
+7.3%
Free cash flow
990
419
611
+136.3%
Free cash flow margin
4.9%
2.4%
3.9%
Cash from investing
-1,002
-5,182
-729
Cash from financing
-807
2,359
-191
Depreciation and amortisation
912
762
773
+19.7%
Share-based compensation
115
86.0
87.0
+33.7%
Buybacks
398
0.0
0.0
Dividends paid
n/a
0.0
0.0
Dividend per share
n/a
n/a
$0.00
Diluted shares, weighted
283m
271m
271m
+4.3%
Shares outstanding at period end
279m
271m
271m
+3.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
11,548
8,809
8,347
+31.1%
Non-controlling interest
197
189
214
+4.2%
Redeemable equity
99.0
96.0
0.0
+3.1%
Debt
6,213
6,491
4,067
-4.3%
Operating lease liabilities
453
361
304
+25.5%
Finance lease liabilities
9.0
12.0
10.0
-25.0%
Other liabilities
5,908
5,926
5,065
-0.3%
Total liabilities and equity
24,427
21,884
18,007
+11.6%
Fixed assets
3,785
3,495
3,294
+8.3%
Goodwill
5,151
5,106
2,511
+0.9%
Intangible assets
2,399
2,585
964
-7.2%
Investments
0.0
n/a
n/a
Cash and equivalents
1,640
1,531
3,139
+7.1%
Receivables
3,546
3,433
2,784
+3.3%
Inventory
2,365
2,340
2,014
+1.1%
Other assets
5,541
3,394
3,301
+63.3%
Total assets
24,427
21,884
18,007
+11.6%
10-K for the year ended 31 December 2023, filed 6 February 2024: the filing.