Omnicom Group (OMC) FY2023 results: revenue $14.7 billion, up 2.8% on the year
Omnicom Group Inc. (OMC) reported revenue of $14.7 billion for fiscal 2023, the year ended 31 December 2023, up 2.8% on the year before. Net income was $1.4 billion, up 5.7%, and diluted earnings per share $6.91. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2024.
Revenue
$14.7 billion
+2.8% on the year
FY2016FY2023
Operating margin
14.3%
14.6% a year earlier
FY2016FY2023
Net income
$1.4 billion
+5.7% on the year
FY2016FY2023
Diluted EPS
$6.91
+8.6% 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
1,422
926
1,945
+53.5%
Capital expenditure
78.4
78.2
666
+0.3%
Free cash flow
1,344
848
1,280
+58.4%
Free cash flow margin
9.1%
5.9%
9.0%
Cash from investing
79.1
-381
-709
Cash from financing
-1,388
-1,362
-1,391
Depreciation and amortisation
211
219
212
-3.8%
Share-based compensation
84.8
81.7
84.7
+3.8%
Buybacks
571
611
527
-6.6%
Dividends paid
563
581
592
-3.2%
Dividend per share
$2.80
$2.80
$2.80
0.0%
Diluted shares, weighted
201m
207m
216m
-2.7%
Shares outstanding at period end
198m
203m
209m
-2.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
3,616
3,252
3,270
+11.2%
Non-controlling interest
609
524
504
+16.1%
Short-term borrowings
10.9
16.9
9.6
-35.5%
Debt
5,670
5,612
5,727
+1.0%
Operating lease liabilities
853
900
952
-5.2%
Other liabilities
17,286
16,697
17,959
+3.5%
Total liabilities and equity
28,045
27,002
28,422
+3.9%
Goodwill
10,082
9,734
9,739
+3.6%
Intangible assets
367
313
298
+17.1%
Investments
0.0
60.7
0.0
Cash and equivalents
4,432
4,282
5,317
+3.5%
Receivables
8,660
8,097
8,472
+6.9%
Other assets
4,504
4,515
4,596
-0.3%
Total assets
28,045
27,002
28,422
+3.9%
10-K for the year ended 31 December 2023, filed 7 February 2024: the filing.