Jabil (JBL) FY2023 results: revenue $34.7 billion, up 3.7% on the year
Jabil Inc. (JBL) reported revenue of $34.7 billion for fiscal 2023, the year ended 31 August 2023, up 3.7% on the year before. Net income was $818 million, down 17.9%, and diluted earnings per share $6.02. The figures are the company's own, from the 10-K it filed with the SEC on 20 October 2023.
Revenue
$34.7 billion
+3.7% on the year
FY2016FY2023
Operating margin
4.4%
4.2% a year earlier
FY2016FY2023
Net income
$818 million
-17.9% on the year
FY2016FY2023
Diluted EPS
$6.02
-12.8% 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
1,734
1,651
1,433
+5.0%
Capital expenditure
1,030
1,385
1,159
-25.6%
Free cash flow
704
266
274
+164.7%
Free cash flow margin
2.0%
0.8%
0.9%
Cash from investing
-723
-858
-851
Cash from financing
-680
-888
-413
Depreciation and amortisation
924
925
876
-0.1%
Share-based compensation
95.0
81.0
102
+17.3%
Buybacks
487
696
428
-30.0%
Dividends paid
45.0
48.0
50.0
-6.2%
Diluted shares, weighted
136m
144m
152m
-5.9%
Shares outstanding at period end
131m
135m
144m
-3.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,866
2,451
2,136
+16.9%
Non-controlling interest
1.0
1.0
1.0
0.0%
Debt
2,875
2,875
2,878
0.0%
Operating lease liabilities
269
417
333
-35.5%
Finance lease liabilities
212
198
223
+7.1%
Other liabilities
13,201
13,775
11,083
-4.2%
Total liabilities and equity
19,424
19,717
16,654
-1.5%
Goodwill
621
704
715
-11.8%
Intangible assets
142
158
182
-10.1%
Cash and equivalents
1,804
1,478
1,567
+22.1%
Receivables
3,647
3,995
3,141
-8.7%
Inventory
5,206
6,128
4,414
-15.0%
Other assets
8,004
7,254
6,635
+10.3%
Total assets
19,424
19,717
16,654
-1.5%
10-K for the year ended 31 August 2023, filed 20 October 2023: the filing.