Expedia Group (EXPE) FY2023 results: revenue $12.8 billion, up 10.0% on the year
Expedia Group, Inc. (EXPE) reported revenue of $12.8 billion for fiscal 2023, the year ended 31 December 2023, up 10.0% on the year before. Net income was $797 million, up 126.4%, and diluted earnings per share $5.31. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2024.
Revenue
$12.8 billion
+10.0% on the year
FY2016FY2023
Operating margin
8.0%
9.3% a year earlier
FY2016FY2023
Net income
$797 million
+126.4% on the year
FY2016FY2023
Diluted EPS
$5.31
+144.7% 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
2,690
3,440
3,748
-21.8%
Capital expenditure
846
662
673
+27.8%
Free cash flow
1,844
2,778
3,075
-33.6%
Free cash flow margin
14.4%
23.8%
35.8%
Cash from investing
-800
-580
-931
Cash from financing
-2,096
-2,624
-973
Depreciation and amortisation
807
792
814
+1.9%
Share-based compensation
413
374
418
+10.4%
Buybacks
2,137
607
165
+252.1%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
150m
162m
150m
-7.1%
Shares outstanding at period end
132m
148m
150m
-11.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,534
2,283
2,057
-32.8%
Non-controlling interest
1,252
1,445
1,495
-13.4%
Redeemable equity
n/a
n/a
0.0
Debt
6,253
6,240
8,450
+0.2%
Operating lease liabilities
314
312
360
+0.6%
Other liabilities
12,289
11,281
9,186
+8.9%
Total liabilities and equity
21,642
21,561
21,548
+0.4%
Fixed assets
2,359
2,210
2,180
+6.7%
Goodwill
6,849
7,143
7,171
-4.1%
Intangible assets
1,023
1,209
1,393
-15.4%
Investments
28.0
48.0
200
-41.7%
Cash and equivalents
4,225
4,096
4,111
+3.1%
Receivables
2,786
2,078
1,264
+34.1%
Other assets
4,372
4,777
5,229
-8.5%
Total assets
21,642
21,561
21,548
+0.4%
10-K for the year ended 31 December 2023, filed 9 February 2024: the filing.