DuPont de Nemours (DD) FY2023 results: revenue $6.6 billion, down 49.2% on the year
DuPont de Nemours, Inc. (DD) reported revenue of $6.6 billion for fiscal 2023, the year ended 31 December 2023, down 49.2% on the year before. Net income was $423 million, down 92.8%, and diluted earnings per share $2.82. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2024.
Revenue
$6.6 billion
-49.2% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$423 million
-92.8% on the year
FY2016FY2023
Diluted EPS
$2.82
-92.0% 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
1,918
588
2,281
+226.2%
Capital expenditure
302
662
788
-54.4%
Free cash flow
1,616
-74.0
1,493
Free cash flow margin
24.4%
-0.6%
11.9%
Cash from investing
n/a
8,923
-2,401
Cash from financing
n/a
-7,667
-6,507
Depreciation and amortisation
580
1,135
1,112
-48.9%
Share-based compensation
57.0
75.0
67.0
-24.0%
Buybacks
n/a
n/a
2,143
Dividends paid
651
652
630
-0.2%
Dividend per share
$4.32
$3.96
$3.60
+9.1%
Diluted shares, weighted
150m
166m
181m
-9.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
24,279
26,569
26,433
-8.6%
Non-controlling interest
446
448
617
-0.4%
Short-term borrowings
0.0
0.0
n/a
Debt
7,859
8,145
10,782
-3.5%
Operating lease liabilities
390
333
337
+17.1%
Finance lease liabilities
10.0
1.0
2.0
+900.0%
Other liabilities
5,568
5,859
7,536
-5.0%
Total liabilities and equity
38,552
41,355
45,707
-6.8%
Fixed assets
n/a
n/a
5,753
Goodwill
7,657
16,663
16,981
-54.0%
Intangible assets
5,814
5,495
6,222
+5.8%
Investments
0.0
1,302
0.0
Cash and equivalents
2,392
3,662
1,972
-34.7%
Receivables
1,513
1,567
1,612
-3.4%
Inventory
2,147
2,329
2,086
-7.8%
Other assets
19,029
10,337
11,081
+84.1%
Total assets
38,552
41,355
45,707
-6.8%
10-K for the year ended 31 December 2023, filed 15 February 2024: the filing.