HCI Group (HCI) FY2023 results: revenue $551 million, up 10.2% on the year
HCI Group, Inc. (HCI) reported revenue of $551 million for fiscal 2023, the year ended 31 December 2023, up 10.2% on the year before. Net income was $79 million, and diluted earnings per share $7.62. The figures are the company's own, from the 10-K it filed with the SEC on 8 March 2024.
Revenue
$551 million
+10.2% on the year
FY2016FY2023
Operating margin
21.4%
-13.7% a year earlier
FY2016FY2023
Net income
$79 million
FY2016FY2023
Diluted EPS
$7.62
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
231
-0.0
96.5
Capital expenditure
6.5
6.3
3.3
+2.5%
Free cash flow
224
-6.4
93.2
Free cash flow margin
40.7%
-1.3%
22.8%
Cash from investing
4.3
-435
36.9
Cash from financing
67.1
41.1
64.3
+63.4%
Depreciation and amortisation
5.7
4.8
2.2
+19.7%
Share-based compensation
9.3
15.1
13.8
-38.1%
Buybacks
0.8
71.2
1.3
-98.9%
Dividends paid
13.7
15.2
14.1
-9.9%
Dividend per share
$1.60
$1.60
$1.60
0.0%
Diluted shares, weighted
11m
9m
9m
+25.3%
Shares outstanding at period end
10m
9m
10m
+13.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
325
163
323
+99.8%
Non-controlling interest
2.3
-1.3
1.1
Redeemable equity
96.2
93.6
90.0
+2.8%
Debt
213
217
45.8
-2.0%
Other liabilities
1,175
1,331
717
-11.7%
Total liabilities and equity
1,811
1,803
1,177
+0.4%
Fixed assets
29.3
17.9
14.2
+63.3%
Intangible assets
7.7
10.6
10.6
-27.6%
Securities held for sale or to maturity
383
484
42.6
-20.8%
Cash and equivalents
536
235
629
+128.4%
Other assets
855
1,056
480
-19.1%
Total assets
1,811
1,803
1,177
+0.4%
10-K for the year ended 31 December 2023, filed 8 March 2024: the filing.