Equitable Holdings (EQH) FY2023 results: revenue $10.5 billion, down 17.3% on the year
Equitable Holdings, Inc. (EQH) reported revenue of $10.5 billion for fiscal 2023, the year ended 31 December 2023, down 17.3% on the year before. Net income was $1.3 billion, down 40.4%, and diluted earnings per share $3.48. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2024.
Revenue
$10.5 billion
-17.3% on the year
FY2016FY2023
Operating margin
6.8%
23.7% a year earlier
FY2016FY2023
Net income
$1.3 billion
-40.4% on the year
FY2016FY2023
Diluted EPS
$3.48
-36.3% 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
-208
-250
-193
Cash from investing
-4,851
-7,487
-12,689
Cash from financing
9,000
7,045
11,948
+27.8%
Share-based compensation
294
328
274
-10.4%
Buybacks
919
849
1,637
+8.2%
Dividends paid
301
294
296
+2.4%
Dividend per share
$0.86
$0.78
$0.71
+10.3%
Diluted shares, weighted
352m
380m
421m
-7.4%
Shares outstanding at period end
334m
365m
391m
-8.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,636
1,401
10,351
+88.2%
Non-controlling interest
1,739
1,740
1,576
-0.1%
Redeemable equity
770
455
468
+69.2%
Debt
4,074
4,081
3,931
-0.2%
Other liabilities
267,595
245,025
279,362
+9.2%
Total liabilities and equity
276,814
252,702
295,688
+9.5%
Securities held for sale or to maturity
67,030
63,361
78,216
+5.8%
Loans
18,171
16,481
14,033
+10.3%
Cash and equivalents
8,239
4,281
5,188
+92.5%
Other assets
183,374
168,579
198,251
+8.8%
Total assets
276,814
252,702
295,688
+9.5%
10-K for the year ended 31 December 2023, filed 26 February 2024: the filing.