Boise Cascade (BCC) FY2023 results: revenue $6.8 billion, down 18.5% on the year
Boise Cascade Co. (BCC) reported revenue of $6.8 billion for fiscal 2023, the year ended 31 December 2023, down 18.5% on the year before. Net income was $484 million, down 43.6%, and diluted earnings per share $12.12. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2024.
Revenue
$6.8 billion
-18.5% on the year
FY2016FY2023
Operating margin
9.1%
13.8% a year earlier
FY2016FY2023
Net income
$484 million
-43.6% on the year
FY2016FY2023
Diluted EPS
$12.12
-43.8% 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
687
1,041
667
-34.0%
Capital expenditure
215
114
107
+88.8%
Free cash flow
472
927
560
-49.1%
Free cash flow margin
6.9%
11.1%
7.1%
Cash from investing
-376
-625
-106
Cash from financing
-361
-166
-218
Depreciation and amortisation
132
102
80.8
+30.4%
Share-based compensation
15.4
11.9
7.9
+29.8%
Buybacks
6.4
0.0
0.0
Dividends paid
346
160
214
+117.1%
Dividend per share
$8.70
$4.01
$5.42
+117.0%
Diluted shares, weighted
40m
40m
40m
+0.3%
Shares outstanding at period end
40m
39m
39m
+0.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,196
2,058
1,353
+6.7%
Debt
445
444
445
+0.2%
Operating lease liabilities
56.4
48.7
55.3
+15.9%
Finance lease liabilities
28.1
30.0
31.9
-6.5%
Other liabilities
733
659
688
+11.2%
Total liabilities and equity
3,459
3,241
2,573
+6.7%
Fixed assets
933
770
495
+21.1%
Goodwill
170
138
60.4
+23.4%
Intangible assets
191
161
15.4
+18.2%
Cash and equivalents
950
998
749
-4.9%
Receivables
n/a
297
444
Inventory
712
698
661
+2.1%
Other assets
503
178
148
+182.7%
Total assets
3,459
3,241
2,573
+6.7%
10-K for the year ended 31 December 2023, filed 20 February 2024: the filing.