Noble (NE) Q4 FY2023 earnings: revenue $643 million, up 3.3% on the year

Noble Corp. plc (NE) reported revenue of $643 million for Q4 FY2023, the quarter ended 31 December 2023, up 3.3% on the same quarter a year earlier. Net income was $150 million, up 10.9% on the year, and diluted earnings per share $1.03. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.

Revenue$643 millionup 3.3%

Net income$150 millionup 10.9%

Diluted EPS$1.03

QuarterQ4 FY2023ended 31 December 2023

The quarter, against the one before and a year earlier

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Revenue	643	697	n/a	n/a
Operating income	158	201	n/a	n/a
Operating margin	24.5%	28.8%	n/a
Interest expense	14.6	13.0	n/a	n/a
Pre-tax income	145	210	n/a	n/a
Income tax	-4.8	51.7	n/a	n/a
Effective tax rate	-3.3%	24.6%	n/a
Net income	150	158	n/a	n/a
Net margin	23.3%	22.7%	n/a
Diluted EPS	$1.03	$1.09	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free 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 and capital returned

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Operating cash flow	287	139	n/a	n/a
Capital expenditure	141	98.6	n/a	n/a
Free cash flow	146	40.2	n/a	n/a
Free cash flow margin	22.7%	5.8%	n/a
Cash from investing	-98.4	-98.6	n/a	n/a
Cash from financing	-70.9	-52.6	n/a	n/a
Share-based compensation	9.6	9.2	n/a	n/a
Buybacks	14.8	10.0	n/a	n/a
Dividends paid	56.4	42.4	n/a	n/a
Diluted shares, weighted	145m	146m	n/a	n/a
Shares outstanding at period end	141m	141m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Shareholders' equity	3,921	3,833	n/a	n/a
Debt	586	586	n/a	n/a
Operating lease liabilities	15.1	n/a	n/a	n/a
Finance lease liabilities	0.0	n/a	n/a	n/a
Other liabilities	985	850	n/a	n/a
Total liabilities and equity	5,507	5,269	n/a	n/a
Fixed assets	4,124	4,014	n/a	n/a
Goodwill	0.0	0.0	n/a	n/a
Intangible assets	10.1	11.3	n/a	n/a
Cash and equivalents	361	245	n/a	n/a
Receivables	549	639	n/a	n/a
Other assets	463	360	n/a	n/a
Total assets	5,507	5,269	n/a	n/a

Questions

What was Noble's revenue in Q4 FY2023?

Noble (NE) reported revenue of $643 million for Q4 FY2023, the quarter ended 31 December 2023, up 3.3% on the same quarter a year earlier.

How much did Noble earn in Q4 FY2023?

Net income for Q4 FY2023 was $150 million, up 10.9% on the year, and diluted earnings per share $1.03.

When did Noble report Q4 FY2023 results?

Noble filed its 10-K for the year that ended with the quarter on 23 February 2024; the fourth quarter is the year less the first three.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	697	643	637	693	801	927	874	849	798	764	786	720
Operating income	201	158	108	210	115	171	187	135	50.4	42.6	225	30.5
Operating margin	29%	25%	17%	30%	14%	18%	21%	16%	6%	6%	29%	4%
Interest expense	13.0	14.6	17.5	12.0	25.0	39.7	40.5	40.0	40.5	41.4	40.6	36.2
Pre-tax income	210	145	85.3	190	92.8	124	149	100.0	10.6	13.8	194	-20.4
Tax rate	25%	-3%	-12%	-3%	34%	22%	27%	57%	298%	-528%	38%	n/a
Net income	158	150	95.5	195	61.2	96.6	108	42.9	-21.1	86.6	121	-36.7
Net margin	23%	23%	15%	28%	8%	10%	12%	5%	-3%	11%	15%	-5%
Diluted EPS	$1.09	$1.03	$0.66	$1.34	$0.40	$0.59	$0.67	$0.27	-$0.13	$0.54	$0.75	-$0.23
Operating cash flow	139	287	129	107	284	136	271	216	277	187	273	144
Capital expenditure	98.6	141	167	141	127	141	114	117	138	152	104	205
Free cash flow	40.2	146	-37.9	-34.2	157	-4.4	158	99.8	139	35.4	169	-60.4
Buybacks	10.0	14.8	0.0	0.0	250	50.0	20.0	0.0	0.0	0.0	0.0	0.0
Dividends paid	42.4	56.4	59.4	57.2	81.6	79.7	81.4	79.5	79.5	79.9	83.7	79.5
Shares outstanding	141m	141m	143m	143m	160m	159m	159m	159m	159m	159m	159m	160m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 31 December 2023, filed 23 February 2024, accession 0001628280-24-006622: the filing on EDGAR. All of Noble Corp. plc's filings: EDGAR company page.

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