Ellington Financial (EFC) FY2023 results: revenue $277 million, up 361.6% on the year
Ellington Financial Inc. (EFC) reported revenue of $277 million for fiscal 2023, the year ended 31 December 2023, up 361.6% on the year before. Net income was $61 million, and diluted earnings per share $0.89. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$277 million
+361.6% on the year
FY2019FY2023
Operating margin
32.2%
-41.6% a year earlier
FY2019FY2023
Net income
$61 million
FY2019FY2023
Diluted EPS
$0.89
FY2019FY2023
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
-242
42.7
51.3
Capital expenditure
0.0
0.2
2.2
-83.3%
Free cash flow
-242
42.5
49.1
Free cash flow margin
-87.4%
70.8%
32.5%
Cash from investing
175
-1,753
-2,025
Cash from financing
75.6
1,839
1,955
-95.9%
Depreciation and amortisation
1.7
0.6
n/a
+205.8%
Share-based compensation
1.3
1.4
1.0
-10.5%
Buybacks
12.4
1.7
0.0
+644.5%
Dividends paid
149
123
85.7
+21.3%
Dividend per share
$1.80
$1.80
$1.64
0.0%
Diluted shares, weighted
69m
61m
49m
+13.9%
Shares outstanding at period end
83m
64m
57m
+30.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,517
1,196
1,291
+26.8%
Non-controlling interest
18.5
24.9
32.2
-25.6%
Debt
1,697
9,519
85.8
-82.2%
Other liabilities
12,083
3,346
3,768
+261.1%
Total liabilities and equity
15,316
14,086
5,177
+8.7%
Fixed assets
1.1
1.4
0.0
-21.1%
Intangible assets
2.7
3.3
0.0
-18.4%
Securities held for sale or to maturity
1,518
1,459
2,087
+4.0%
Cash and equivalents
229
217
92.7
+5.5%
Other assets
13,565
12,405
2,997
+9.4%
Total assets
15,316
14,086
5,177
+8.7%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.