Nucor (NUE) FY2023 results: revenue $34.7 billion, down 16.4% on the year
Nucor Corp. (NUE) reported revenue of $34.7 billion for fiscal 2023, the year ended 31 December 2023, down 16.4% on the year before. Net income was $4.5 billion, down 40.5%, and diluted earnings per share $18.00. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2024.
Revenue
$34.7 billion
-16.4% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$4.5 billion
-40.5% on the year
FY2016FY2023
Diluted EPS
$18.00
-37.5% 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
7,112
10,072
6,231
-29.4%
Capital expenditure
2,214
1,948
1,622
+13.7%
Free cash flow
4,898
8,124
4,609
-39.7%
Free cash flow margin
14.1%
19.6%
12.6%
Cash from investing
-2,496
-5,703
-2,874
Cash from financing
-2,593
-2,511
-3,603
Depreciation and amortisation
1,168
1,062
865
+10.1%
Share-based compensation
130
137
136
-4.9%
Buybacks
1,554
2,763
3,276
-43.8%
Dividends paid
515
534
483
-3.6%
Dividend per share
$2.07
$2.01
$1.72
+3.0%
Diluted shares, weighted
250m
263m
293m
-4.8%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
20,941
18,415
14,016
+13.7%
Non-controlling interest
1,183
1,155
587
+2.4%
Debt
6,842
6,691
5,685
+2.3%
Operating lease liabilities
82.0
81.5
74.2
+0.7%
Finance lease liabilities
175
170
164
+2.9%
Other liabilities
6,118
5,967
5,296
+2.5%
Total liabilities and equity
35,340
32,479
25,823
+8.8%
Fixed assets
11,050
9,617
8,115
+14.9%
Goodwill
3,969
3,920
2,827
+1.2%
Intangible assets
3,108
3,322
1,104
-6.4%
Investments
747
577
253
+29.6%
Cash and equivalents
6,383
4,281
2,365
+49.1%
Receivables
2,953
3,591
3,854
-17.8%
Inventory
5,578
5,454
6,011
+2.3%
Other assets
1,552
1,718
1,294
-9.6%
Total assets
35,340
32,479
25,823
+8.8%
10-K for the year ended 31 December 2023, filed 27 February 2024: the filing.