Emerson Electric (EMR) FY2023 results: revenue $15.2 billion, up 9.9% on the year
Emerson Electric Co. (EMR) reported revenue of $15.2 billion for fiscal 2023, the year ended 30 September 2023, up 9.9% on the year before. Net income was $13.2 billion, up 309.1%, and diluted earnings per share $22.88. The figures are the company's own, from the 10-K it filed with the SEC on 13 November 2023.
Revenue
$15.2 billion
+9.9% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$13.2 billion
+309.1% on the year
FY2016FY2023
Diluted EPS
$22.88
+322.9% 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
637
2,922
3,575
-78.2%
Capital expenditure
363
299
404
+21.4%
Free cash flow
274
2,623
3,171
-89.6%
Free cash flow margin
1.8%
19.0%
24.5%
Cash from investing
12,415
-5,334
-2,120
Cash from financing
-6,823
2,048
-2,422
Depreciation and amortisation
1,051
842
762
+24.8%
Share-based compensation
250
125
197
+100.0%
Buybacks
2,000
500
500
+300.0%
Dividends paid
1,198
1,223
1,210
-2.0%
Dividend per share
$2.08
$2.06
$2.02
+1.0%
Diluted shares, weighted
577m
596m
602m
-3.2%
Shares outstanding at period end
572m
591m
596m
-3.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
20,689
10,364
9,883
+99.6%
Non-controlling interest
5,909
5,952
40.0
-0.7%
Debt
8,156
10,374
6,665
-21.4%
Operating lease liabilities
404
312
413
+29.5%
Other liabilities
7,588
8,670
7,714
-12.5%
Total liabilities and equity
42,746
35,672
24,715
+19.8%
Fixed assets
2,363
2,239
3,738
+5.5%
Goodwill
14,480
13,946
6,967
+3.8%
Intangible assets
6,263
6,572
2,877
-4.7%
Cash and equivalents
8,051
1,804
2,354
+346.3%
Receivables
2,518
2,261
2,971
+11.4%
Inventory
2,006
1,742
2,050
+15.2%
Other assets
7,065
7,108
3,758
-0.6%
Total assets
42,746
35,672
24,715
+19.8%
10-K for the year ended 30 September 2023, filed 13 November 2023: the filing.