Bloom Energy (BE) FY2023 results: revenue $1.3 billion, up 11.2% on the year
Bloom Energy Corp. (BE) reported revenue of $1.3 billion for fiscal 2023, the year ended 31 December 2023, up 11.2% on the year before. Net income was -$302 million, and diluted earnings per share $-1.42. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2024.
Revenue
$1.3 billion
+11.2% on the year
FY2016FY2023
Operating margin
-15.7%
-21.8% a year earlier
FY2016FY2023
Net income
-$302 million
FY2016FY2023
Diluted EPS
-$1.42
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
-373
-192
-60.7
Capital expenditure
83.7
117
49.8
-28.3%
Free cash flow
-456
-309
-110
Free cash flow margin
-34.2%
-25.7%
-11.4%
Cash from investing
-83.7
-117
-46.7
Cash from financing
683
211
306
+223.3%
Depreciation
62.6
61.6
53.5
+1.6%
Dividends paid
0.0
0.0
n/a
Diluted shares, weighted
213m
186m
173m
+14.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
502
341
-44.3
+47.3%
Non-controlling interest
18.6
38.0
42.5
-51.1%
Redeemable equity
n/a
0.0
209
Debt
847
412
527
+105.7%
Operating lease liabilities
142
132
106
+7.2%
Finance lease liabilities
1.8
2.0
2.2
-6.8%
Other liabilities
903
1,022
884
-11.7%
Total liabilities and equity
2,414
1,947
1,726
+24.0%
Goodwill
n/a
n/a
2.0
Investments
n/a
0.0
1.8
Cash and equivalents
665
348
396
+90.7%
Receivables
341
251
87.8
+35.8%
Inventory
503
268
143
+87.2%
Other assets
906
1,079
1,095
-16.0%
Total assets
2,414
1,947
1,726
+24.0%
10-K for the year ended 31 December 2023, filed 15 February 2024: the filing.