Archrock (AROC) FY2023 results: revenue $990 million, up 17.1% on the year
Archrock, Inc. (AROC) reported revenue of $990 million for fiscal 2023, the year ended 31 December 2023, up 17.1% on the year before. Net income was $105 million, up 137.0%, and diluted earnings per share $0.67. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2024.
Revenue
$990 million
+17.1% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$105 million
+137.0% on the year
FY2016FY2023
Diluted EPS
$0.67
+139.3% 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
310
203
237
+52.5%
Capital expenditure
299
240
97.9
+24.5%
Free cash flow
11.6
-36.4
140
Free cash flow margin
1.2%
-4.3%
17.9%
Cash from investing
-232
-131
16.1
Cash from financing
-77.9
-72.5
-253
Depreciation and amortisation
166
164
179
+1.2%
Share-based compensation
13.0
11.9
11.3
+9.0%
Buybacks
8.9
2.4
2.5
+262.1%
Dividends paid
95.8
90.3
89.3
+6.1%
Dividend per share
$0.61
$0.58
$0.58
+5.2%
Diluted shares, weighted
154m
153m
152m
+0.6%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
871
861
891
+1.2%
Debt
1,585
1,548
1,531
+2.4%
Operating lease liabilities
12.3
14.9
15.9
-17.4%
Other liabilities
188
175
152
+7.4%
Total liabilities and equity
2,656
2,599
2,590
+2.2%
Fixed assets
2,302
2,199
2,227
+4.7%
Goodwill
0.0
n/a
n/a
Intangible assets
30.2
37.1
47.9
-18.6%
Cash and equivalents
1.3
1.6
1.6
-14.6%
Receivables
120
112
105
+7.0%
Inventory
81.8
84.6
72.9
-3.4%
Other assets
121
164
136
-26.4%
Total assets
2,656
2,599
2,590
+2.2%
10-K for the year ended 31 December 2023, filed 21 February 2024: the filing.