Colgate-Palmolive (CL) FY2023 results: revenue $19.5 billion, up 8.3% on the year
Colgate-Palmolive Co. (CL) reported revenue of $19.5 billion for fiscal 2023, the year ended 31 December 2023, up 8.3% on the year before. Net income was $2.3 billion, up 28.9%, and diluted earnings per share $2.77. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2024.
Revenue
$19.5 billion
+8.3% on the year
FY2016FY2023
Operating margin
20.5%
16.1% a year earlier
FY2016FY2023
Net income
$2.3 billion
+28.9% on the year
FY2016FY2023
Diluted EPS
$2.77
+30.0% 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
3,745
2,556
3,325
+46.5%
Capital expenditure
705
696
567
+1.3%
Free cash flow
3,040
1,860
2,758
+63.4%
Free cash flow margin
15.6%
10.4%
15.8%
Cash from investing
-742
-1,601
-592
Cash from financing
-2,793
-952
-2,774
Depreciation and amortisation
567
545
556
+4.0%
Share-based compensation
122
125
135
-2.4%
Buybacks
1,128
1,308
1,320
-13.8%
Dividends paid
1,749
1,691
1,679
+3.4%
Dividend per share
$1.91
$1.86
$1.79
+2.7%
Diluted shares, weighted
829m
839m
848m
-1.1%
Shares outstanding at period end
821m
830m
840m
-1.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
609
401
609
+51.9%
Non-controlling interest
348
405
362
-14.1%
Debt
8,549
8,755
7,245
-2.4%
Operating lease liabilities
420
397
451
+5.8%
Other liabilities
6,467
5,773
6,373
+12.0%
Total liabilities and equity
16,393
15,731
15,040
+4.2%
Fixed assets
4,582
4,307
3,730
+6.4%
Goodwill
3,410
3,352
3,284
+1.7%
Intangible assets
1,887
1,920
2,462
-1.7%
Investments
179
n/a
n/a
Cash and equivalents
966
775
832
+24.6%
Receivables
1,586
1,504
1,297
+5.5%
Inventory
1,934
2,074
1,692
-6.8%
Other assets
1,849
1,799
1,743
+2.8%
Total assets
16,393
15,731
15,040
+4.2%
10-K for the year ended 31 December 2023, filed 15 February 2024: the filing.