D.R. Horton (DHI) FY2023 results: revenue $35.5 billion, up 5.9% on the year
D.R. Horton, Inc. (DHI) reported revenue of $35.5 billion for fiscal 2023, the year ended 30 September 2023, up 5.9% on the year before. Net income was $4.7 billion, down 19.0%, and diluted earnings per share $13.82. The figures are the company's own, from the 10-K it filed with the SEC on 17 November 2023.
Revenue
$35.5 billion
+5.9% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$4.7 billion
-19.0% on the year
FY2016FY2023
Diluted EPS
$13.82
-16.3% 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
4,304
562
534
+666.1%
Capital expenditure
149
148
93.5
+0.3%
Free cash flow
4,156
414
441
+904.7%
Free cash flow margin
11.7%
1.2%
1.6%
Cash from investing
-310
-415
-252
Cash from financing
-2,667
-811
-85.1
Depreciation and amortisation
91.6
81.4
82.1
+12.5%
Share-based compensation
111
105
91.4
+5.8%
Buybacks
1,200
1,100
874
+9.1%
Dividends paid
341
316
289
+7.8%
Dividend per share
$1.00
$0.90
$0.80
+11.1%
Diluted shares, weighted
343m
355m
366m
-3.2%
Shares outstanding at period end
335m
344m
356m
-2.6%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
22,696
19,396
14,886
+17.0%
Non-controlling interest
442
389
330
+13.5%
Debt
5,094
6,067
5,412
-16.0%
Other liabilities
4,350
4,499
3,387
-3.3%
Total liabilities and equity
32,582
30,351
24,016
+7.4%
Fixed assets
445
472
393
-5.6%
Goodwill
164
164
164
0.0%
Cash and equivalents
3,874
2,540
3,210
+52.5%
Other assets
28,100
27,176
20,249
+3.4%
Total assets
32,582
30,351
24,016
+7.4%
10-K for the year ended 30 September 2023, filed 17 November 2023: the filing.