Jacobs Solutions (J) FY2023 results: revenue $10.9 billion, up 10.9% on the year
Jacobs Solutions Inc. (J) reported revenue of $10.9 billion for fiscal 2023, the year ended 29 September 2023, up 10.9% on the year before. Net income was $666 million, up 3.4%, and diluted earnings per share $5.30. The figures are the company's own, from the 10-K it filed with the SEC on 21 November 2023.
Revenue
$10.9 billion
+10.9% on the year
FY2016FY2023
Operating margin
6.2%
5.5% a year earlier
FY2016FY2023
Net income
$666 million
+3.4% on the year
FY2016FY2023
Diluted EPS
$5.30
+6.4% 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
975
475
726
+105.3%
Capital expenditure
137
128
92.8
+7.7%
Free cash flow
837
347
633
+141.2%
Free cash flow margin
7.7%
3.5%
4.5%
Cash from investing
-146
-538
-1,381
Cash from financing
-1,086
320
799
Depreciation and amortisation
103
102
101
+0.9%
Share-based compensation
74.3
53.4
56.2
+39.3%
Buybacks
266
282
275
-5.8%
Dividends paid
128
116
107
+10.8%
Dividend per share
$0.26
n/a
n/a
Diluted shares, weighted
127m
129m
131m
-1.7%
Shares outstanding at period end
126m
127m
129m
-1.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
6,546
6,060
5,940
+8.0%
Non-controlling interest
53.9
44.3
34.8
+21.5%
Redeemable equity
633
633
658
+0.1%
Short-term borrowings
n/a
n/a
53.5
Debt
2,865
3,408
2,893
-15.9%
Operating lease liabilities
466
607
758
-23.3%
Other liabilities
4,053
3,908
4,295
+3.7%
Total liabilities and equity
14,617
14,660
14,633
-0.3%
Fixed assets
280
347
353
-19.3%
Goodwill
4,644
7,185
7,197
-35.4%
Intangible assets
951
1,394
1,566
-31.8%
Cash and equivalents
771
1,140
1,014
-32.4%
Receivables
2,431
3,405
3,101
-28.6%
Other assets
5,541
1,189
1,401
+365.9%
Total assets
14,617
14,660
14,633
-0.3%
10-K for the year ended 29 September 2023, filed 21 November 2023: the filing.