Dollar General (DG) FY2023 results: revenue $38.7 billion, up 2.2% on the year
Dollar General Corp. (DG) reported revenue of $38.7 billion for fiscal 2023, the year ended 2 February 2024, up 2.2% on the year before. Net income was $1.7 billion, down 31.2%, and diluted earnings per share $7.55. The figures are the company's own, from the 10-K it filed with the SEC on 25 March 2024.
Revenue
$38.7 billion
+2.2% on the year
FY2016FY2023
Operating margin
6.3%
8.8% a year earlier
FY2016FY2023
Net income
$1.7 billion
-31.2% on the year
FY2016FY2023
Diluted EPS
$7.55
-29.3% 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
2,392
1,985
2,866
+20.5%
Capital expenditure
1,700
1,561
1,070
+8.9%
Free cash flow
692
424
1,795
+63.1%
Free cash flow margin
1.8%
1.1%
5.2%
Cash from investing
-1,694
-1,555
-1,066
Cash from financing
-542
-392
-2,832
Depreciation and amortisation
849
725
641
+17.1%
Share-based compensation
51.9
72.7
78.2
-28.6%
Buybacks
n/a
2,748
2,550
Dividends paid
518
494
392
+4.9%
Dividend per share
$2.36
$2.20
$1.68
+7.3%
Diluted shares, weighted
220m
226m
236m
-2.8%
Shares outstanding at period end
220m
219m
230m
+0.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
6,749
5,542
6,262
+21.8%
Debt
7,000
7,009
4,172
-0.1%
Operating lease liabilities
9,703
9,363
8,891
+3.6%
Finance lease liabilities
200
n/a
n/a
Other liabilities
7,142
7,169
7,003
-0.4%
Total liabilities and equity
30,796
29,083
26,327
+5.9%
Fixed assets
6,088
5,236
4,346
+16.3%
Goodwill
4,339
4,339
4,339
0.0%
Intangible assets
1,200
1,200
1,200
0.0%
Cash and equivalents
537
382
345
+40.8%
Inventory
6,994
6,761
5,614
+3.5%
Other assets
11,638
11,166
10,484
+4.2%
Total assets
30,796
29,083
26,327
+5.9%
10-K for the year ended 2 February 2024, filed 25 March 2024: the filing.