Merck (MRK) FY2023 results: revenue $60.1 billion, up 1.4% on the year
Merck & Co., Inc. (MRK) reported revenue of $60.1 billion for fiscal 2023, the year ended 31 December 2023, up 1.4% on the year before. Net income was $365 million, down 97.5%, and diluted earnings per share $0.14. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2024.
Revenue
$60.1 billion
+1.4% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$365 million
-97.5% on the year
FY2016FY2023
Diluted EPS
$0.14
-97.5% 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
13,006
19,095
14,109
-31.9%
Capital expenditure
3,863
4,388
4,448
-12.0%
Free cash flow
9,143
14,707
9,661
-37.8%
Free cash flow margin
15.2%
24.8%
19.8%
Cash from investing
-14,083
-4,960
n/a
Cash from financing
-4,810
-9,119
n/a
Depreciation and amortisation
3,828
3,924
3,178
-2.4%
Share-based compensation
645
541
479
+19.2%
Buybacks
1,346
0.0
840
Dividends paid
7,445
7,012
6,610
+6.2%
Dividend per share
$2.96
$2.80
$2.64
+5.7%
Diluted shares, weighted
2,547m
2,542m
2,538m
+0.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
37,581
45,991
38,184
-18.3%
Non-controlling interest
54.0
67.0
73.0
-19.4%
Debt
35,100
30,700
33,100
+14.3%
Operating lease liabilities
928
1,013
1,225
-8.4%
Other liabilities
33,012
31,389
33,112
+5.2%
Total liabilities and equity
106,675
109,160
105,694
-2.3%
Fixed assets
23,051
21,422
19,279
+7.6%
Goodwill
21,197
21,204
21,264
-0.0%
Intangible assets
18,011
20,269
22,933
-11.1%
Investments
504
1,513
370
-66.7%
Cash and equivalents
6,841
12,694
8,096
-46.1%
Receivables
10,349
9,450
9,230
+9.5%
Inventory
6,358
5,911
5,953
+7.6%
Other assets
20,364
16,697
18,569
+22.0%
Total assets
106,675
109,160
105,694
-2.3%
10-K for the year ended 31 December 2023, filed 26 February 2024: the filing.