Ball (BALL) FY2023 results: revenue $12.1 billion, down 9.8% on the year
Ball Corp. (BALL) reported revenue of $12.1 billion for fiscal 2023, the year ended 31 December 2023, down 9.8% on the year before. Net income was $707 million, down 1.7%, and diluted earnings per share $2.23. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2024.
Revenue
$12.1 billion
-9.8% on the year
FY2016FY2023
Operating margin
10.6%
9.1% a year earlier
FY2016FY2023
Net income
$707 million
-1.7% on the year
FY2016FY2023
Diluted EPS
$2.23
-0.9% 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
1,863
301
1,760
+518.9%
Capital expenditure
1,045
1,651
1,726
-36.7%
Free cash flow
818
-1,350
34.0
Free cash flow margin
6.8%
-10.1%
0.2%
Cash from investing
-1,053
-786
-1,639
Cash from financing
-662
485
-894
Depreciation and amortisation
605
594
700
+1.9%
Share-based compensation
33.0
39.0
40.0
-15.4%
Buybacks
3.0
618
766
-99.5%
Dividends paid
252
254
229
-0.8%
Dividend per share
$0.80
$0.80
$0.70
0.0%
Diluted shares, weighted
317m
320m
332m
-0.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
3,769
3,461
3,627
+8.9%
Non-controlling interest
68.0
66.0
58.0
+3.0%
Debt
8,569
8,948
7,722
-4.2%
Operating lease liabilities
287
349
340
-17.8%
Finance lease liabilities
7.0
10.0
12.0
-30.0%
Other liabilities
6,603
7,075
7,955
-6.7%
Total liabilities and equity
19,303
19,909
19,714
-3.0%
Goodwill
4,250
4,195
4,378
+1.3%
Intangible assets
1,248
1,417
1,688
-11.9%
Cash and equivalents
695
548
563
+26.8%
Receivables
1,670
2,107
2,022
-20.7%
Inventory
1,531
2,179
1,795
-29.7%
Other assets
9,909
9,463
9,268
+4.7%
Total assets
19,303
19,909
19,714
-3.0%
10-K for the year ended 31 December 2023, filed 20 February 2024: the filing.