Chemours (CC) FY2023 results: revenue $6.1 billion, down 11.0% on the year
Chemours Co. (CC) reported revenue of $6.1 billion for fiscal 2023, the year ended 31 December 2023, down 11.0% on the year before. Net income was -$253 million, and diluted earnings per share $-1.70. The figures are the company's own, from the 10-K it filed with the SEC on 27 March 2024.
Revenue
$6.1 billion
-11.0% on the year
FY2016FY2023
Operating margin
-4.0%
11.3% a year earlier
FY2016FY2023
Net income
-$253 million
FY2016FY2023
Diluted EPS
-$1.70
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
556
754
814
-26.3%
Capital expenditure
370
307
277
+20.5%
Free cash flow
186
447
537
-58.4%
Free cash flow margin
3.1%
6.5%
8.5%
Cash from investing
-229
-284
220
Cash from financing
172
-685
-554
Depreciation and amortisation
309
291
317
+6.2%
Share-based compensation
18.0
27.0
34.0
-33.3%
Buybacks
69.0
495
173
-86.1%
Dividends paid
149
154
164
-3.2%
Dividend per share
$1.00
$1.00
$1.00
0.0%
Diluted shares, weighted
149m
158m
169m
-5.9%
Shares outstanding at period end
149m
149m
161m
+0.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
721
1,107
1,081
-34.9%
Non-controlling interest
2.0
n/a
1.0
Debt
4,038
3,633
3,749
+11.1%
Operating lease liabilities
208
198
179
+5.1%
Finance lease liabilities
46.0
49.0
60.0
-6.1%
Other liabilities
3,236
2,653
2,480
+22.0%
Total liabilities and equity
8,251
7,640
7,550
+8.0%
Fixed assets
3,207
3,171
3,154
+1.1%
Goodwill
102
102
102
0.0%
Intangible assets
3.0
13.0
6.0
-76.9%
Cash and equivalents
1,203
1,102
1,451
+9.2%
Receivables
509
509
644
0.0%
Inventory
1,349
1,404
1,099
-3.9%
Other assets
1,878
1,339
1,094
+40.3%
Total assets
8,251
7,640
7,550
+8.0%
10-K for the year ended 31 December 2023, filed 27 March 2024: the filing.