Digital Realty Trust (DLR) FY2023 results: revenue $5.5 billion, up 16.7% on the year
Digital Realty Trust, Inc. (DLR) reported revenue of $5.5 billion for fiscal 2023, the year ended 31 December 2023, up 16.7% on the year before. Net income was $949 million, up 151.2%, and diluted earnings per share $3.00. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$5.5 billion
+16.7% on the year
FY2016FY2023
Operating margin
9.6%
12.6% a year earlier
FY2016FY2023
Net income
$949 million
+151.2% on the year
FY2016FY2023
Diluted EPS
$3.00
+170.3% 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
1,635
1,659
1,702
-1.5%
Capital expenditure
3,526
2,643
2,521
+33.4%
Free cash flow
-1,891
-984
-819
Free cash flow margin
-34.5%
-21.0%
-18.5%
Cash from investing
-1,115
-4,699
-1,062
Cash from financing
963
2,969
-591
-67.6%
Depreciation and amortisation
1,695
1,578
1,487
+7.4%
Dividends paid
1,521
1,451
1,379
+4.8%
Diluted shares, weighted
309m
298m
283m
+3.7%
Shares outstanding at period end
312m
291m
284m
+7.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
19,118
17,583
18,005
+8.7%
Non-controlling interest
484
524
472
-7.7%
Redeemable equity
1,395
1,515
47.0
-7.9%
Debt
17,538
16,724
13,562
+4.9%
Other liabilities
5,579
5,139
4,284
+8.6%
Total liabilities and equity
44,113
41,485
36,370
+6.3%
Goodwill
9,240
9,208
7,937
+0.3%
Cash and equivalents
1,625
142
143
+1,046.5%
Other assets
33,248
32,135
28,289
+3.5%
Total assets
44,113
41,485
36,370
+6.3%
10-K for the year ended 31 December 2023, filed 23 February 2024: the filing.