Coty (COTY) FY2023 results: revenue $5.6 billion, up 4.7% on the year
Coty Inc. (COTY) reported revenue of $5.6 billion for fiscal 2023, the year ended 30 June 2023, up 4.7% on the year before. Net income was $508 million, up 95.8%, and diluted earnings per share $0.57. The figures are the company's own, from the 10-K it filed with the SEC on 22 August 2023.
Revenue
$5.6 billion
+4.7% on the year
FY2016FY2023
Operating margin
9.8%
4.5% a year earlier
FY2016FY2023
Net income
$508 million
+95.8% on the year
FY2016FY2023
Diluted EPS
$0.57
+612.5% 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
626
727
319
-13.9%
Capital expenditure
223
174
174
+28.0%
Free cash flow
403
552
145
-27.1%
Free cash flow margin
7.3%
10.4%
3.1%
Cash from investing
-118
270
2,442
Cash from financing
-469
-1,034
-2,795
Depreciation and amortisation
427
516
585
-17.4%
Share-based compensation
136
196
29.9
-30.5%
Buybacks
n/a
n/a
0.0
Dividends paid
13.7
57.2
25.7
-76.0%
Diluted shares, weighted
886m
834m
765m
+6.3%
Shares outstanding at period end
853m
839m
766m
+1.6%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
3,811
3,154
2,861
+20.8%
Non-controlling interest
186
191
202
-2.6%
Redeemable equity
142
142
1,036
0.0%
Short-term borrowings
n/a
n/a
0.0
Debt
4,236
4,432
5,401
-4.4%
Operating lease liabilities
248
282
269
-12.3%
Other liabilities
4,038
3,914
3,923
+3.2%
Total liabilities and equity
12,662
12,116
13,691
+4.5%
Fixed assets
713
716
918
-0.4%
Goodwill
3,988
3,915
4,118
+1.9%
Intangible assets
3,798
3,903
4,463
-2.7%
Cash and equivalents
247
233
254
+5.8%
Receivables
361
365
348
-1.0%
Inventory
853
662
651
+29.0%
Other assets
2,702
2,324
2,940
+16.3%
Total assets
12,662
12,116
13,691
+4.5%
10-K for the year ended 30 June 2023, filed 22 August 2023: the filing.