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KKR (KKR) FY2023 results: revenue $14.5 billion, up 154.2% on the year

KKR & Co. Inc. (KKR) reported revenue of $14.5 billion for fiscal 2023, the year ended 31 December 2023, up 154.2% on the year before. Net income was $3.7 billion, and diluted earnings per share $4.09. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.

Revenue
$14.5 billion
+154.2% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$3.7 billion
FY2016FY2023
Diluted EPS
$4.09
FY2016FY2023

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2023 · Q2 FY2023 · Q3 FY2023 · Q4 FY2023

Income statement (profit and loss)

$ millionFY2023FY2022FY2021On the yearLast 8 years
Revenue14,4995,70416,236+154.2%
Interest expense2,7721,5511,070+78.8%
Pre-tax income6,555-29213,847
Income tax1,1981251,395+855.0%
Effective tax rate18.3%n/a10.1%
Net income3,732-5224,732
Net margin25.7%-9.1%29.1%
Diluted EPS$4.09-$1.21$7.31
$ 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

$ millionFY2023FY2022FY2021On the yearLast 8 years
Operating cash flow-1,494-5,279-7,177
Cash from investing-3,883-13,647-9,606
Cash from financing12,77422,05520,364-42.1%
Depreciation and amortisation68.3364387-81.2%
Share-based compensation618730530-15.3%
Buybacks290347270-16.4%
Dividends paid563444331+26.8%
Dividend per share$0.66$0.62$0.58+6.5%
Diluted shares, weighted912m750m633m+21.7%
Shares outstanding at period end885m861m596m+2.8%

Balance sheet

$ millionFY2023FY2022FY2021On the yearLast 8 years
Shareholders' equity22,85918,80817,582+21.5%
Non-controlling interest34,90536,41140,475-4.1%
Redeemable equity61515282.5+304.7%
Debt47,47542,72736,914+11.1%
Other liabilities211,441177,249169,232+19.3%
Total liabilities and equity317,294275,347264,285+15.2%
Securities held for sale or to maturity69,41461,94068,871+12.1%
Loans39,17835,09128,877+11.6%
Cash and equivalents20,80813,38510,526+55.5%
Other assets187,894164,931n/a+13.9%
Total assets317,294275,347n/a+15.2%

10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.