Eli Lilly (LLY) FY2023 results: revenue $34.1 billion, up 19.6% on the year
Eli Lilly & Co. (LLY) reported revenue of $34.1 billion for fiscal 2023, the year ended 31 December 2023, up 19.6% on the year before. Net income was $5.2 billion, down 16.1%, and diluted earnings per share $5.80. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2024.
Revenue
$34.1 billion
+19.6% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$5.2 billion
-16.1% on the year
FY2016FY2023
Diluted EPS
$5.80
-15.9% 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
4,240
7,586
7,366
-44.1%
Capital expenditure
3,448
1,854
1,310
+85.9%
Free cash flow
792
5,731
6,056
-86.2%
Free cash flow margin
2.3%
20.1%
21.4%
Cash from investing
-7,153
-3,763
-2,868
Cash from financing
3,496
-5,407
-4,131
Depreciation and amortisation
1,527
1,522
1,548
+0.3%
Share-based compensation
628
371
343
+69.4%
Buybacks
750
1,500
1,250
-50.0%
Dividends paid
4,069
3,536
3,087
+15.1%
Dividend per share
$4.69
$4.07
$3.53
+15.2%
Diluted shares, weighted
903m
905m
912m
-0.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
10,772
10,650
8,979
+1.1%
Non-controlling interest
91.8
126
176
-26.9%
Debt
25,225
16,239
16,885
+55.3%
Operating lease liabilities
948
n/a
n/a
Other liabilities
26,969
22,476
22,766
+20.0%
Total liabilities and equity
64,006
49,490
48,806
+29.3%
Fixed assets
12,914
10,144
8,985
+27.3%
Goodwill
4,940
4,073
3,892
+21.3%
Intangible assets
6,907
7,207
7,692
-4.2%
Investments
3,161
3,047
3,303
+3.8%
Cash and equivalents
2,819
2,067
3,818
+36.4%
Receivables
9,090
6,896
6,673
+31.8%
Inventory
5,773
4,310
3,886
+33.9%
Other assets
18,403
11,747
10,557
+56.7%
Total assets
64,006
49,490
48,806
+29.3%
10-K for the year ended 31 December 2023, filed 21 February 2024: the filing.