Becton Dickinson (BDX) FY2023 results: revenue $19.4 billion, up 2.7% on the year
Becton Dickinson & Co. (BDX) reported revenue of $19.4 billion for fiscal 2023, the year ended 30 September 2023, up 2.7% on the year before. Net income was $1.5 billion, down 16.6%, and diluted earnings per share $4.94. The figures are the company's own, from the 10-K it filed with the SEC on 21 November 2023.
Revenue
$19.4 billion
+2.7% on the year
FY2016FY2023
Operating margin
10.9%
12.1% a year earlier
FY2016FY2023
Net income
$1.5 billion
-16.6% on the year
FY2016FY2023
Diluted EPS
$4.94
-16.0% 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
2,989
2,634
4,647
+13.5%
Capital expenditure
874
973
1,194
-10.2%
Free cash flow
2,115
1,661
3,453
+27.3%
Free cash flow margin
10.9%
8.8%
18.0%
Cash from investing
-716
n/a
-1,880
Cash from financing
-1,956
n/a
-3,306
Depreciation and amortisation
2,288
2,229
2,230
+2.6%
Share-based compensation
259
233
229
+11.2%
Buybacks
0.0
500
1,750
Dividends paid
1,114
1,082
1,048
+3.0%
Dividend per share
$3.64
$3.48
$3.32
+4.6%
Diluted shares, weighted
288m
287m
292m
+0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
25,796
25,282
23,677
+2.0%
Debt
15,879
16,065
17,610
-1.2%
Operating lease liabilities
414
384
344
+7.8%
Other liabilities
10,691
11,203
12,235
-4.6%
Total liabilities and equity
52,780
52,934
53,866
-0.3%
Fixed assets
6,557
6,012
6,003
+9.1%
Goodwill
24,522
24,621
23,901
-0.4%
Intangible assets
10,901
12,264
12,737
-11.1%
Cash and equivalents
1,416
1,006
2,283
+40.8%
Receivables
2,534
2,191
2,350
+15.7%
Inventory
3,273
3,224
2,743
+1.5%
Other assets
3,577
3,616
3,849
-1.1%
Total assets
52,780
52,934
53,866
-0.3%
10-K for the year ended 30 September 2023, filed 21 November 2023: the filing.