Celanese (CE) FY2023 results: revenue $10.9 billion, up 13.1% on the year
Celanese Corp. (CE) reported revenue of $10.9 billion for fiscal 2023, the year ended 31 December 2023, up 13.1% on the year before. Net income was $1.9 billion, up 2.6%, and diluted earnings per share $17.76. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$10.9 billion
+13.1% on the year
FY2016FY2023
Operating margin
15.2%
14.2% a year earlier
FY2016FY2023
Net income
$1.9 billion
+2.6% on the year
FY2016FY2023
Diluted EPS
$17.76
+2.4% 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
1,899
1,819
1,757
+4.4%
Capital expenditure
568
543
467
+4.6%
Free cash flow
1,331
1,276
1,290
+4.3%
Free cash flow margin
12.2%
13.2%
15.1%
Cash from investing
-134
-11,141
-1,119
Cash from financing
-1,456
10,290
-1,042
Depreciation and amortisation
706
462
371
+52.8%
Share-based compensation
40.0
60.0
95.0
-33.3%
Buybacks
0.0
17.0
1,000
Dividends paid
305
297
304
+2.7%
Diluted shares, weighted
109m
109m
112m
+0.1%
Shares outstanding at period end
109m
108m
108m
+0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
7,065
5,637
4,189
+25.3%
Non-controlling interest
461
468
348
-1.5%
Debt
13,758
14,753
3,986
-6.7%
Operating lease liabilities
325
364
200
-10.7%
Finance lease liabilities
124
147
148
-15.6%
Other liabilities
4,864
4,903
3,104
-0.8%
Total liabilities and equity
26,597
26,272
11,975
+1.2%
Fixed assets
5,584
5,584
4,193
0.0%
Goodwill
6,977
7,142
1,412
-2.3%
Intangible assets
3,975
4,105
735
-3.2%
Investments
n/a
n/a
10.0
Cash and equivalents
1,805
1,508
536
+19.7%
Receivables
1,243
1,379
1,161
-9.9%
Inventory
2,357
2,808
1,524
-16.1%
Other assets
4,656
3,746
2,404
+24.3%
Total assets
26,597
26,272
11,975
+1.2%
10-K for the year ended 31 December 2023, filed 23 February 2024: the filing.