Bxp (BXP) FY2023 results: revenue $3.3 billion, up 5.3% on the year
Bxp, Inc. (BXP) reported revenue of $3.3 billion for fiscal 2023, the year ended 31 December 2023, up 5.3% on the year before. Net income was $190 million, down 77.6%, and diluted earnings per share $1.21. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2024.
Revenue
$3.3 billion
+5.3% on the year
FY2016FY2023
Operating margin
31.6%
34.1% a year earlier
FY2016FY2023
Net income
$190 million
-77.6% on the year
FY2016FY2023
Diluted EPS
$1.21
-77.6% 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
1,302
1,282
1,133
+1.5%
Capital expenditure
171
177
151
-3.2%
Free cash flow
1,130
1,105
982
+2.2%
Free cash flow margin
34.5%
35.6%
34.0%
Cash from investing
-1,194
-1,603
-1,040
Cash from financing
768
556
-1,311
+38.1%
Depreciation and amortisation
831
750
717
+10.8%
Share-based compensation
51.5
52.0
50.9
-1.1%
Dividends paid
688
685
684
+0.4%
Diluted shares, weighted
157m
157m
156m
+0.0%
Shares outstanding at period end
157m
157m
157m
+0.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
5,877
6,133
5,834
-4.2%
Non-controlling interest
2,307
2,231
2,199
+3.4%
Redeemable equity
8.4
6.6
9.6
+26.8%
Debt
15,856
14,240
12,897
+11.3%
Other liabilities
1,977
1,597
1,426
+23.8%
Total liabilities and equity
26,026
24,208
22,365
+7.5%
Cash and equivalents
1,531
690
453
+121.8%
Other assets
24,495
23,517
21,913
+4.2%
Total assets
26,026
24,208
22,365
+7.5%
10-K for the year ended 31 December 2023, filed 27 February 2024: the filing.