Equifax (EFX) FY2023 results: revenue $5.3 billion, up 2.8% on the year
Equifax Inc. (EFX) reported revenue of $5.3 billion for fiscal 2023, the year ended 31 December 2023, up 2.8% on the year before. Net income was $545 million, down 21.7%, and diluted earnings per share $4.40. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$5.3 billion
+2.8% on the year
FY2016FY2023
Operating margin
17.7%
20.6% a year earlier
FY2016FY2023
Net income
$545 million
-21.7% on the year
FY2016FY2023
Diluted EPS
$4.40
-22.1% 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
1,117
757
1,335
+47.5%
Capital expenditure
601
624
469
-3.7%
Free cash flow
516
133
866
+288.8%
Free cash flow margin
9.8%
2.6%
17.6%
Cash from investing
-878
-960
-3,398
Cash from financing
-306
274
618
Depreciation and amortisation
620
569
490
+9.0%
Share-based compensation
71.8
62.6
54.9
+14.7%
Buybacks
0.0
0.0
69.9
Dividends paid
192
191
190
+0.4%
Dividend per share
$1.56
$1.56
$1.56
0.0%
Diluted shares, weighted
124m
123m
124m
+0.5%
Shares outstanding at period end
123m
122m
122m
+0.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
4,534
3,956
3,584
+14.6%
Non-controlling interest
18.3
16.8
16.8
+8.9%
Redeemable equity
135
0.0
n/a
Debt
5,742
5,817
5,325
-1.3%
Other liabilities
1,851
1,757
2,115
+5.3%
Total liabilities and equity
12,280
11,548
11,041
+6.3%
Fixed assets
1,834
1,587
1,316
+15.6%
Goodwill
6,830
6,384
6,258
+7.0%
Intangible assets
1,859
1,818
1,898
+2.2%
Cash and equivalents
217
285
225
-24.0%
Receivables
908
858
728
+5.9%
Other assets
632
616
617
+2.7%
Total assets
12,280
11,548
11,041
+6.3%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.