DoorDash (DASH) FY2023 results: revenue $8.6 billion, up 31.2% on the year
DoorDash, Inc. (DASH) reported revenue of $8.6 billion for fiscal 2023, the year ended 31 December 2023, up 31.2% on the year before. Net income was -$558 million, and diluted earnings per share $-1.42. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2024.
Revenue
$8.6 billion
+31.2% on the year
FY2018FY2023
Operating margin
-6.7%
-17.1% a year earlier
FY2018FY2023
Net income
-$558 million
FY2018FY2023
Diluted EPS
-$1.42
FY2018FY2023
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
1,673
367
692
+355.9%
Capital expenditure
123
176
129
-30.1%
Free cash flow
1,550
191
563
+711.5%
Free cash flow margin
18.0%
2.9%
11.5%
Cash from investing
-342
-300
-2,047
Cash from financing
-752
-375
-483
Depreciation and amortisation
509
369
156
+37.9%
Share-based compensation
1,088
889
486
+22.4%
Buybacks
750
400
0.0
+87.5%
Diluted shares, weighted
393m
371m
337m
+5.8%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
6,806
6,754
4,667
+0.8%
Redeemable equity
7.0
14.0
0.0
-50.0%
Debt
0.0
0.0
0.0
Operating lease liabilities
454
456
373
-0.4%
Other liabilities
3,572
2,565
1,769
+39.3%
Total liabilities and equity
10,839
9,789
6,809
+10.7%
Goodwill
2,432
2,370
316
+2.6%
Intangible assets
659
765
61.0
-13.9%
Investments
2,005
1,941
1,903
+3.3%
Cash and equivalents
2,656
1,977
2,504
+34.3%
Receivables
533
400
349
+33.2%
Other assets
2,554
2,336
1,676
+9.3%
Total assets
10,839
9,789
6,809
+10.7%
10-K for the year ended 31 December 2023, filed 20 February 2024: the filing.