Expand Energy (EXE) FY2023 results: revenue $8.7 billion, down 25.7% on the year
Expand Energy Corp. (EXE) reported revenue of $8.7 billion for fiscal 2023, the year ended 31 December 2023, down 25.7% on the year before. Net income was $2.4 billion, down 51.0%, and diluted earnings per share $16.92. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2024.
Revenue
$8.7 billion
-25.7% on the year
FY2016FY2023
Operating margin
36.0%
32.2% a year earlier
FY2016FY2023
Net income
$2.4 billion
-51.0% on the year
FY2016FY2023
Diluted EPS
$16.92
-49.3% 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
2,380
4,125
1,788
-42.3%
Capital expenditure
1,829
1,823
735
+0.3%
Free cash flow
551
2,302
1,053
-76.1%
Free cash flow margin
6.3%
19.6%
18.1%
Cash from investing
473
-3,401
-916
Cash from financing
-1,892
-1,446
-237
Depreciation and amortisation
1,527
1,753
991
-12.9%
Share-based compensation
33.0
22.0
12.0
+50.0%
Buybacks
355
1,073
0.0
-66.9%
Dividends paid
487
1,212
119
-59.8%
Diluted shares, weighted
143m
146m
n/a
-2.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
10,729
9,124
5,671
+17.6%
Debt
2,028
3,093
2,278
-34.4%
Operating lease liabilities
15.0
33.0
9.0
-54.5%
Finance lease liabilities
n/a
n/a
0.0
Other liabilities
1,604
3,218
3,051
-50.2%
Total liabilities and equity
14,376
15,468
11,009
-7.1%
Fixed assets
10,097
11,187
8,802
-9.7%
Cash and equivalents
1,079
130
905
+730.0%
Receivables
593
1,438
1,115
-58.8%
Other assets
2,607
2,713
187
-3.9%
Total assets
14,376
15,468
11,009
-7.1%
10-K for the year ended 31 December 2023, filed 21 February 2024: the filing.