Broadridge Financial Solutions (BR) FY2023 results: revenue $6.1 billion, up 6.2% on the year
Broadridge Financial Solutions, Inc. (BR) reported revenue of $6.1 billion for fiscal 2023, the year ended 30 June 2023, up 6.2% on the year before. Net income was $631 million, up 17.0%, and diluted earnings per share $5.30. The figures are the company's own, from the 10-K it filed with the SEC on 8 August 2023.
Revenue
$6.1 billion
+6.2% on the year
FY2016FY2023
Operating margin
15.4%
13.3% a year earlier
FY2016FY2023
Net income
$631 million
+17.0% on the year
FY2016FY2023
Diluted EPS
$5.30
+16.5% 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
823
444
640
+85.6%
Capital expenditure
38.4
29.0
51.9
+32.4%
Free cash flow
785
414
588
+89.4%
Free cash flow margin
13.0%
7.3%
11.8%
Cash from investing
-80.4
-110
-2,654
Cash from financing
-715
-371
1,798
Depreciation and amortisation
84.4
82.4
67.4
+2.4%
Share-based compensation
73.1
68.4
58.6
+6.9%
Buybacks
24.3
22.8
21.5
+6.6%
Dividends paid
331
291
262
+13.9%
Dividend per share
$2.90
$2.56
$2.30
+13.3%
Diluted shares, weighted
119m
118m
118m
+0.4%
Shares outstanding at period end
118m
117m
116m
+0.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,241
1,919
1,809
+16.8%
Debt
3,413
3,793
3,888
-10.0%
Operating lease liabilities
198
228
263
-12.9%
Other liabilities
2,381
2,229
2,160
+6.8%
Total liabilities and equity
8,233
8,169
8,120
+0.8%
Fixed assets
146
151
177
-3.4%
Goodwill
3,462
3,485
3,720
-0.7%
Intangible assets
1,467
1,077
1,425
+36.2%
Investments
142
119
121
+19.7%
Cash and equivalents
252
225
274
+12.3%
Inventory
34.1
29.3
23.2
+16.4%
Other assets
2,730
3,083
2,378
-11.4%
Total assets
8,233
8,169
8,120
+0.8%
10-K for the year ended 30 June 2023, filed 8 August 2023: the filing.