Peabody Energy (BTU) Q4 FY2023 earnings: revenue $1.2 billion, down 24.1% on the year

Peabody Energy Corp. (BTU) reported revenue of $1.2 billion for Q4 FY2023, the quarter ended 31 December 2023, down 24.1% on the same quarter a year earlier. Net income was $192 million, down 69.6% on the year, and diluted earnings per share $1.33. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.

Revenue$1.2 billiondown 24.1%

Net income$192 milliondown 69.6%

Diluted EPS$1.33

QuarterQ4 FY2023ended 31 December 2023

The quarter, against the one before and a year earlier

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Revenue	1,235	1,079	n/a	n/a
Selling, general and administrative	24.7	21.5	n/a	n/a
Operating income	251	159	n/a	n/a
Operating margin	20.3%	14.7%	n/a
Interest expense	14.3	13.8	n/a	n/a
Pre-tax income	269	175	n/a	n/a
Income tax	70.1	46.5	n/a	n/a
Effective tax rate	26.0%	26.5%	n/a
Net income	192	120	n/a	n/a
Net margin	15.5%	11.1%	n/a
Diluted EPS	$1.33	$0.82	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free 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 and capital returned

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Operating cash flow	282	13.4	n/a	n/a
Cash from investing	-168	-54.6	n/a	n/a
Cash from financing	-95.8	-139	n/a	n/a
Depreciation and amortisation	82.2	82.3	n/a	n/a
Share-based compensation	1.8	1.7	n/a	n/a
Buybacks	83.7	91.0	n/a	n/a
Dividends paid	9.9	9.9	n/a	n/a
Dividend per share	n/a	$0.07	n/a	n/a
Diluted shares, weighted	154m	150m	n/a	n/a
Shares outstanding at period end	129m	131m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Shareholders' equity	3,547	3,459	n/a	n/a
Non-controlling interest	60.5	53.9	n/a	n/a
Debt	321	321	n/a	n/a
Operating lease liabilities	47.7	21.6	n/a	n/a
Finance lease liabilities	8.8	n/a	n/a	n/a
Other liabilities	1,977	1,867	n/a	n/a
Total liabilities and equity	5,962	5,722	n/a	n/a
Fixed assets	2,844	n/a	n/a	n/a
Cash and equivalents	969	988	n/a	n/a
Receivables	390	348	n/a	n/a
Inventory	352	352	n/a	n/a
Other assets	1,407	4,033	n/a	n/a
Total assets	5,962	5,722	n/a	n/a

Questions

What was Peabody Energy's revenue in Q4 FY2023?

Peabody Energy (BTU) reported revenue of $1.2 billion for Q4 FY2023, the quarter ended 31 December 2023, down 24.1% on the same quarter a year earlier.

How much did Peabody Energy earn in Q4 FY2023?

Net income for Q4 FY2023 was $192 million, down 69.6% on the year, and diluted earnings per share $1.33.

When did Peabody Energy report Q4 FY2023 results?

Peabody Energy filed its 10-K for the year that ended with the quarter on 23 February 2024; the fourth quarter is the year less the first three.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	1,079	1,235	984	1,042	1,088	1,123	937	890	1,012	1,022	973	1,003
SG&A	21.5	24.7	22.0	22.1	20.6	26.3	23.6	23.5	27.4	30.5	31.6	23.3
Operating income	159	251	51.2	234	120	40.1	31.9	-38.4	-81.4	7.8	-44.2	-105
Operating margin	15%	20%	5%	22%	11%	4%	3%	-4%	-8%	1%	-5%	-11%
Interest expense	13.8	14.3	14.7	10.7	9.7	11.8	11.5	11.1	10.0	11.3	10.7	12.7
Pre-tax income	175	269	65.8	250	138	61.9	43.2	-28.3	-70.0	21.6	-41.4	-123
Tax rate	27%	26%	31%	16%	19%	38%	11%	n/a	n/a	46%	n/a	n/a
Net income	120	192	39.6	199	101	30.6	34.4	-27.6	-70.1	10.4	-32.4	-90.6
Net margin	11%	16%	4%	19%	9%	3%	4%	-3%	-7%	1%	-3%	-9%
Diluted EPS	$0.82	$1.33	$0.29	$1.42	$0.74	$0.25	$0.27	-$0.23	-$0.58	n/a	-$0.27	-$0.74
Operating cash flow	13.4	282	119	7.8	360	120	120	23.2	122	68.6	30.0	-1.4
Buybacks	91.0	83.7	83.1	0.0	100	0.0	0.0	0.0	0.0	0.0	n/a	n/a
Dividends paid	9.9	9.9	9.7	9.4	9.4	9.1	9.1	9.2	9.2	9.0	9.2	9.1
Shares outstanding	131m	129m	126m	126m	122m	122m	122m	122m	122m	122m	122m	122m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 31 December 2023, filed 23 February 2024, accession 0001064728-24-000021: the filing on EDGAR. All of Peabody Energy Corp.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install