Humana (HUM) FY2023 results: revenue $106.4 billion, up 14.5% on the year
Humana Inc. (HUM) reported revenue of $106.4 billion for fiscal 2023, the year ended 31 December 2023, up 14.5% on the year before. Net income was $2.5 billion, down 11.3%, and diluted earnings per share $20.00. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2024.
Revenue
$106.4 billion
+14.5% on the year
FY2016FY2023
Operating margin
3.8%
4.1% a year earlier
FY2016FY2023
Net income
$2.5 billion
-11.3% on the year
FY2016FY2023
Diluted EPS
$20.00
-9.4% 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
3,981
4,587
2,262
-13.2%
Capital expenditure
1,004
1,137
1,342
-11.7%
Free cash flow
2,977
3,450
920
-13.7%
Free cash flow margin
2.8%
3.7%
1.1%
Cash from investing
-3,492
-1,006
-6,556
Cash from financing
-856
-1,914
3,015
Depreciation and amortisation
779
709
596
+9.9%
Share-based compensation
175
216
180
-19.0%
Buybacks
1,573
2,096
79.0
-25.0%
Dividends paid
431
98.0
90.0
+339.8%
Dividend per share
$3.44
$3.06
$2.73
+12.4%
Diluted shares, weighted
124m
127m
129m
-2.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
16,262
15,311
16,080
+6.2%
Non-controlling interest
56.0
59.0
23.0
-5.1%
Debt
11,656
11,126
12,494
+4.8%
Operating lease liabilities
444
456
546
-2.6%
Other liabilities
18,647
16,103
15,215
+15.8%
Total liabilities and equity
47,065
43,055
44,358
+9.3%
Fixed assets
3,030
3,221
3,073
-5.9%
Goodwill
9,550
9,142
11,092
+4.5%
Intangible assets
1,693
1,765
2,639
-4.1%
Investments
17,008
14,261
13,972
+19.3%
Cash and equivalents
4,694
5,061
3,394
-7.3%
Receivables
2,035
1,674
1,814
+21.6%
Other assets
9,055
7,931
8,374
+14.2%
Total assets
47,065
43,055
44,358
+9.3%
10-K for the year ended 31 December 2023, filed 15 February 2024: the filing.