LyondellBasell Industries (LYB) FY2023 results: revenue $33.3 billion, down 33.9% on the year
LyondellBasell Industries N.V. (LYB) reported revenue of $33.3 billion for fiscal 2023, the year ended 31 December 2023, down 33.9% on the year before. Net income was $2.1 billion, down 45.5%, and diluted earnings per share $6.46. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$33.3 billion
-33.9% on the year
FY2016FY2023
Operating margin
8.2%
10.1% a year earlier
FY2016FY2023
Net income
$2.1 billion
-45.5% on the year
FY2016FY2023
Diluted EPS
$6.46
-45.3% 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
4,942
6,119
7,695
-19.2%
Capital expenditure
1,531
1,890
1,959
-19.0%
Free cash flow
3,411
4,229
5,736
-19.3%
Free cash flow margin
10.2%
8.4%
12.4%
Cash from investing
-1,777
-1,977
-1,502
Cash from financing
-1,950
-3,407
-6,385
Depreciation and amortisation
1,534
1,267
1,393
+21.1%
Share-based compensation
91.0
70.0
66.0
+30.0%
Buybacks
211
420
463
-49.8%
Dividends paid
1,610
3,246
1,486
-50.4%
Dividend per share
$4.94
$4.70
$4.44
+5.1%
Shares outstanding at period end
324m
326m
330m
-0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
12,930
12,615
11,858
+2.5%
Non-controlling interest
14.0
14.0
14.0
0.0%
Redeemable equity
114
114
116
0.0%
Debt
11,232
11,321
11,614
-0.8%
Operating lease liabilities
1,409
1,510
1,649
-6.7%
Other liabilities
11,301
10,791
11,491
+4.7%
Total liabilities and equity
37,000
36,365
36,742
+1.7%
Fixed assets
15,547
15,387
14,556
+1.0%
Goodwill
1,647
1,827
1,875
-9.9%
Intangible assets
641
662
695
-3.2%
Investments
2,432
1,191
438
+104.2%
Cash and equivalents
3,390
2,151
1,472
+57.6%
Receivables
n/a
3,392
4,565
Inventory
4,765
4,804
4,901
-0.8%
Other assets
8,578
6,951
8,240
+23.4%
Total assets
37,000
36,365
36,742
+1.7%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.