MDU Resources Group (MDU) FY2023 results: revenue $1.8 billion, up 3.2% on the year
MDU Resources Group Inc. (MDU) reported revenue of $1.8 billion for fiscal 2023, the year ended 31 December 2023, up 3.2% on the year before. Net income was $415 million, up 12.8%, and diluted earnings per share $2.03. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$1.8 billion
+3.2% on the year
FY2016FY2023
Operating margin
12.5%
11.5% a year earlier
FY2016FY2023
Net income
$415 million
+12.8% on the year
FY2016FY2023
Diluted EPS
$2.03
+12.2% 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
333
510
496
-34.8%
Capital expenditure
484
443
485
+9.4%
Free cash flow
-152
67.5
10.6
Free cash flow margin
-8.4%
3.9%
0.3%
Cash from investing
-541
-639
-886
Cash from financing
205
155
385
+31.9%
Depreciation and amortisation
190
189
198
+1.0%
Share-based compensation
5.5
7.9
12.9
-30.4%
Buybacks
4.8
7.4
6.7
-35.0%
Dividends paid
161
177
171
-8.8%
Dividend per share
$0.69
$0.88
$0.85
-20.6%
Diluted shares, weighted
204m
203m
202m
+0.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,905
3,587
3,383
-19.0%
Short-term borrowings
n/a
n/a
0.0
Debt
2,393
2,404
2,742
-0.5%
Operating lease liabilities
51.6
52.9
89.3
-2.3%
Other liabilities
2,483
3,617
2,696
-31.3%
Total liabilities and equity
7,833
9,661
8,910
-18.9%
Fixed assets
5,005
4,776
4,506
+4.8%
Goodwill
346
489
765
-29.3%
Intangible assets
2.0
4.1
22.6
-51.1%
Investments
112
129
175
-12.7%
Cash and equivalents
60.5
70.4
54.2
-14.1%
Receivables
250
1,064
947
-76.5%
Inventory
44.7
64.2
336
-30.5%
Other assets
2,013
3,064
2,104
-34.3%
Total assets
7,833
9,661
8,910
-18.9%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.