Diodes (DIOD) FY2023 results: revenue $1.7 billion, down 16.9% on the year
Diodes Inc. (DIOD) reported revenue of $1.7 billion for fiscal 2023, the year ended 31 December 2023, down 16.9% on the year before. Net income was $227 million, down 31.4%, and diluted earnings per share $4.91. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2024.
Revenue
$1.7 billion
-16.9% on the year
FY2016FY2023
Operating margin
15.1%
20.4% a year earlier
FY2016FY2023
Net income
$227 million
-31.4% on the year
FY2016FY2023
Diluted EPS
$4.91
-31.8% 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
281
393
339
-28.4%
Capital expenditure
151
212
141
-28.8%
Free cash flow
130
181
197
-28.0%
Free cash flow margin
7.8%
9.0%
10.9%
Cash from investing
-158
-265
-144
Cash from financing
-145
-126
-158
Depreciation and amortisation
137
128
122
+7.5%
Share-based compensation
30.9
36.3
33.2
-14.8%
Buybacks
0.0
0.0
0.0
Diluted shares, weighted
46m
46m
46m
+0.6%
Shares outstanding at period end
46m
45m
45m
+1.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,741
1,514
1,237
+15.0%
Non-controlling interest
68.9
69.3
65.5
-0.5%
Debt
62.1
185
301
-66.5%
Operating lease liabilities
27.3
20.8
22.3
+31.4%
Finance lease liabilities
0.1
0.0
0.0
+104.3%
Other liabilities
469
499
568
-6.1%
Total liabilities and equity
2,368
2,288
2,194
+3.5%
Fixed assets
746
737
582
+1.3%
Goodwill
147
145
150
+1.2%
Intangible assets
63.9
79.1
94.5
-19.2%
Investments
35.7
30.0
53.5
+19.1%
Cash and equivalents
315
337
364
-6.3%
Receivables
372
369
358
+0.7%
Inventory
390
360
349
+8.2%
Other assets
298
231
244
+28.8%
Total assets
2,368
2,288
2,194
+3.5%
10-K for the year ended 31 December 2023, filed 9 February 2024: the filing.