Copart (CPRT) FY2023 results: revenue $3.9 billion, up 10.5% on the year
Copart Inc. (CPRT) reported revenue of $3.9 billion for fiscal 2023, the year ended 31 July 2023, up 10.5% on the year before. Net income was $1.2 billion, up 13.5%, and diluted earnings per share $1.28. The figures are the company's own, from the 10-K it filed with the SEC on 28 September 2023.
Revenue
$3.9 billion
+10.5% on the year
FY2016FY2023
Operating margin
38.4%
39.3% a year earlier
FY2016FY2023
Net income
$1.2 billion
+13.5% on the year
FY2016FY2023
Diluted EPS
$1.28
+13.3% 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
1,364
1,177
991
+15.9%
Capital expenditure
517
337
463
+53.1%
Free cash flow
848
839
528
+1.0%
Free cash flow margin
21.9%
24.0%
19.6%
Cash from investing
-1,892
-442
-465
Cash from financing
66.6
-383
40.9
Depreciation and amortisation
159
138
122
+15.6%
Share-based compensation
39.7
39.0
40.9
+1.8%
Buybacks
n/a
n/a
0.0
Diluted shares, weighted
967m
965m
961m
+0.2%
Shares outstanding at period end
957m
952m
948m
+0.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
5,987
4,626
3,529
+29.4%
Redeemable equity
0.0
0.0
0.0
Debt
11.0
2.0
400
+451.4%
Operating lease liabilities
88.1
95.7
97.9
-7.9%
Finance lease liabilities
0.0
0.0
0.0
Other liabilities
651
586
535
+11.2%
Total liabilities and equity
6,738
5,309
4,562
+26.9%
Fixed assets
2,844
2,486
2,297
+14.4%
Goodwill
394
402
356
-1.9%
Intangible assets
62.7
54.7
45.9
+14.7%
Securities held for sale or to maturity
1,407
0.0
0.0
Cash and equivalents
957
1,384
1,048
-30.8%
Receivables
702
579
481
+21.3%
Inventory
40.0
58.8
45.0
-32.0%
Other assets
331
345
290
-4.2%
Total assets
6,738
5,309
4,562
+26.9%
10-K for the year ended 31 July 2023, filed 28 September 2023: the filing.