Brighthouse Financial (BHF) FY2023 results: revenue $4.1 billion, down 40.1% on the year
Brighthouse Financial, Inc. (BHF) reported revenue of $4.1 billion for fiscal 2023, the year ended 31 December 2023, down 40.1% on the year before. Net income was -$1.1 billion, and diluted earnings per share $-18.39. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$4.1 billion
-40.1% on the year
FY2016FY2023
Operating margin
-35.8%
68.8% a year earlier
FY2016FY2023
Net income
-$1.1 billion
FY2016FY2023
Diluted EPS
-$18.39
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
-137
-1,228
641
Cash from investing
-3,196
-8,276
-12,238
Cash from financing
3,069
9,145
11,963
-66.4%
Share-based compensation
29.0
22.0
23.0
+31.8%
Buybacks
250
488
499
-48.8%
Diluted shares, weighted
66m
74m
84m
-10.3%
Shares outstanding at period end
64m
68m
78m
-7.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
4,943
5,533
16,142
-10.7%
Non-controlling interest
65.0
65.0
65.0
0.0%
Debt
3,156
3,156
3,157
0.0%
Other liabilities
228,176
216,093
242,893
+5.6%
Total liabilities and equity
236,340
224,847
262,257
+5.1%
Investments
1,169
1,081
1,841
+8.1%
Cash and equivalents
3,851
4,115
4,474
-6.4%
Other assets
231,320
219,651
255,942
+5.3%
Total assets
236,340
224,847
262,257
+5.1%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.