J.B. Hunt Transport Services (JBHT) FY2023 results: revenue $12.8 billion, down 13.4% on the year
J.B. Hunt Transport Services, Inc. (JBHT) reported revenue of $12.8 billion for fiscal 2023, the year ended 31 December 2023, down 13.4% on the year before. Net income was $728 million, down 24.9%, and diluted earnings per share $6.97. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$12.8 billion
-13.4% on the year
FY2016FY2023
Operating margin
7.7%
9.0% a year earlier
FY2016FY2023
Net income
$728 million
-24.9% on the year
FY2016FY2023
Diluted EPS
$6.97
-24.3% 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
1,745
1,777
1,224
-1.8%
Capital expenditure
1,862
1,541
948
+20.9%
Free cash flow
-118
236
276
Free cash flow margin
-0.9%
1.6%
2.3%
Cash from investing
-1,685
-1,550
-877
Cash from financing
-58.0
-530
-305
Depreciation and amortisation
738
645
557
+14.5%
Share-based compensation
79.2
77.5
61.5
+2.1%
Buybacks
160
300
152
-46.8%
Dividends paid
174
167
124
+4.3%
Dividend per share
$1.68
$1.60
$1.18
+5.0%
Diluted shares, weighted
104m
105m
107m
-0.8%
Shares outstanding at period end
103m
104m
105m
-0.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
4,104
3,667
3,118
+11.9%
Debt
1,576
1,262
1,301
+24.9%
Operating lease liabilities
253
n/a
n/a
Other liabilities
2,655
2,858
2,375
-7.1%
Total liabilities and equity
8,588
7,787
6,794
+10.3%
Fixed assets
5,774
4,980
4,068
+15.9%
Goodwill
n/a
n/a
101
Intangible assets
134
116
90.6
+15.5%
Cash and equivalents
53.3
51.9
356
+2.7%
Receivables
1,335
1,528
1,507
-12.6%
Inventory
42.2
40.6
25.0
+3.9%
Other assets
1,250
1,070
648
+16.8%
Total assets
8,588
7,787
6,794
+10.3%
10-K for the year ended 31 December 2023, filed 23 February 2024: the filing.