Johnson Controls International (JCI) FY2023 results: revenue $22.3 billion, up 8.2% on the year
Johnson Controls International plc (JCI) reported revenue of $22.3 billion for fiscal 2023, the year ended 30 September 2023, up 8.2% on the year before. Net income was $1.8 billion, up 20.7%, and diluted earnings per share $2.69. The figures are the company's own, from the 10-K it filed with the SEC on 14 December 2023.
Revenue
$22.3 billion
+8.2% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$1.8 billion
+20.7% on the year
FY2016FY2023
Diluted EPS
$2.69
+22.8% 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
2,221
1,990
2,551
+11.6%
Capital expenditure
446
487
552
-8.4%
Free cash flow
1,775
1,503
1,999
+18.1%
Free cash flow margin
7.9%
7.3%
8.4%
Cash from investing
-1,184
-693
-1,090
Cash from financing
-2,174
-516
-2,131
Depreciation and amortisation
745
717
845
+3.9%
Share-based compensation
107
98.0
76.0
+9.2%
Buybacks
625
1,441
1,307
-56.6%
Dividends paid
980
916
762
+7.0%
Dividend per share
$1.45
$1.39
$1.07
+4.3%
Diluted shares, weighted
687m
700m
721m
-1.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
16,545
16,268
17,562
+1.7%
Non-controlling interest
1,149
1,134
1,191
+1.3%
Debt
8,824
8,960
7,740
-1.5%
Operating lease liabilities
1,016
987
1,055
+2.9%
Other liabilities
14,708
14,809
14,342
-0.7%
Total liabilities and equity
42,242
42,158
41,890
+0.2%
Fixed assets
2,374
2,271
3,228
+4.5%
Goodwill
16,772
16,175
18,335
+3.7%
Intangible assets
4,772
5,155
5,549
-7.4%
Cash and equivalents
828
2,031
1,336
-59.2%
Receivables
5,494
5,727
5,613
-4.1%
Inventory
1,872
2,665
2,057
-29.8%
Other assets
10,130
8,134
5,772
+24.5%
Total assets
42,242
42,158
41,890
+0.2%
10-K for the year ended 30 September 2023, filed 14 December 2023: the filing.