Cigna Group (CI) FY2023 results: revenue $195.3 billion, up 8.2% on the year
Cigna Group (CI) reported revenue of $195.3 billion for fiscal 2023, the year ended 31 December 2023, up 8.2% on the year before. Net income was $5.2 billion, down 23.0%, and diluted earnings per share $17.39. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$195.3 billion
+8.2% on the year
FY2016FY2023
Operating margin
4.4%
4.7% a year earlier
FY2016FY2023
Net income
$5.2 billion
-23.0% on the year
FY2016FY2023
Diluted EPS
$17.39
-18.8% 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
11,813
8,656
7,191
+36.5%
Cash from investing
-5,174
3,098
-3,611
Cash from financing
-4,294
-11,240
-8,212
Depreciation and amortisation
3,035
2,937
2,923
+3.3%
Share-based compensation
286
264
268
+8.3%
Buybacks
2,284
7,607
7,742
-70.0%
Dividends paid
1,450
1,384
1,341
+4.8%
Dividend per share
$4.92
$4.48
$4.00
+9.8%
Diluted shares, weighted
297m
313m
341m
-5.2%
Shares outstanding at period end
293m
299m
323m
-2.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
46,223
44,675
47,112
+3.5%
Non-controlling interest
21.0
13.0
18.0
+61.5%
Redeemable equity
107
66.0
54.0
+62.1%
Debt
30,930
31,093
33,670
-0.5%
Operating lease liabilities
340
346
n/a
-1.7%
Finance lease liabilities
66.0
66.0
28.0
0.0%
Other liabilities
75,074
67,673
74,007
+10.9%
Total liabilities and equity
152,761
143,932
154,889
+6.1%
Fixed assets
n/a
3,774
3,692
Goodwill
44,259
45,811
45,811
-3.4%
Intangible assets
30,863
32,492
34,102
-5.0%
Investments
18,910
17,193
19,358
+10.0%
Cash and equivalents
7,822
5,924
5,081
+32.0%
Receivables
17,722
17,218
15,071
+2.9%
Inventory
5,645
4,777
3,722
+18.2%
Other assets
27,540
16,743
28,052
+64.5%
Total assets
152,761
143,932
154,889
+6.1%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.