Invesco (IVZ) FY2023 results: revenue $5.7 billion, down 5.5% on the year
Invesco Ltd. (IVZ) reported revenue of $5.7 billion for fiscal 2023, the year ended 31 December 2023, down 5.5% on the year before. Net income was -$334 million, and diluted earnings per share $-0.73. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2024.
Revenue
$5.7 billion
-5.5% on the year
FY2016FY2023
Operating margin
-7.6%
21.8% a year earlier
FY2016FY2023
Net income
-$334 million
FY2016FY2023
Diluted EPS
-$0.73
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
1,301
703
1,078
+85.0%
Capital expenditure
164
193
109
-14.8%
Free cash flow
1,136
510
969
+122.7%
Free cash flow margin
19.9%
8.4%
14.1%
Cash from investing
-244
-376
-848
Cash from financing
-585
-967
117
Depreciation and amortisation
183
195
205
-6.4%
Share-based compensation
115
106
140
+7.9%
Buybacks
188
245
60.9
-23.4%
Dividends paid
358
335
308
+6.9%
Dividend per share
$0.79
$0.73
$0.67
+7.9%
Diluted shares, weighted
456m
460m
465m
-0.7%
Shares outstanding at period end
450m
455m
461m
-1.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
14,598
15,214
15,496
-4.0%
Non-controlling interest
573
630
672
-9.1%
Redeemable equity
746
999
511
-25.3%
Debt
1,490
1,488
2,085
+0.1%
Other liabilities
11,528
11,427
13,922
+0.9%
Total liabilities and equity
28,934
29,757
32,686
-2.8%
Fixed assets
600
561
518
+6.8%
Goodwill
8,692
8,558
8,882
+1.6%
Intangible assets
5,848
7,141
7,228
-18.1%
Cash and equivalents
1,469
1,235
1,896
+19.0%
Other assets
12,326
12,262
14,161
+0.5%
Total assets
28,934
29,757
32,686
-2.8%
10-K for the year ended 31 December 2023, filed 21 February 2024: the filing.