Openlane (OPLN) FY2023 results: revenue $1.7 billion, up 10.9% on the year
Openlane, Inc. (OPLN) reported revenue of $1.7 billion for fiscal 2023, the year ended 31 December 2023, up 10.9% on the year before. Net income was -$154 million, and diluted earnings per share $-1.82. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2024.
Revenue
$1.7 billion
+10.9% on the year
FY2016FY2023
Operating margin
-8.0%
6.2% a year earlier
FY2016FY2023
Net income
-$154 million
FY2016FY2023
Diluted EPS
-$1.82
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
235
-455
413
Capital expenditure
52.0
60.9
64.2
-14.6%
Free cash flow
183
-516
349
Free cash flow margin
10.8%
-33.7%
24.1%
Depreciation and amortisation
102
100
110
+1.3%
Share-based compensation
16.5
16.6
13.2
-0.6%
Buybacks
22.2
182
181
-87.8%
Dividends paid
n/a
0.0
0.0
Dividend per share
n/a
$0.00
$0.00
Diluted shares, weighted
109m
116m
124m
-6.2%
Shares outstanding at period end
108m
109m
121m
-0.8%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,327
1,518
1,513
-12.6%
Redeemable equity
612
612
591
0.0%
Debt
1,989
2,172
3,558
-8.4%
Operating lease liabilities
70.4
79.7
88.1
-11.7%
Other liabilities
728
738
1,700
-1.4%
Total liabilities and equity
4,726
5,120
7,451
-7.7%
Fixed assets
170
124
144
+37.4%
Goodwill
1,271
1,464
1,598
-13.2%
Intangible assets
136
136
159
+0.1%
Cash and equivalents
93.5
226
178
-58.6%
Receivables
292
271
381
+7.8%
Other assets
2,764
2,899
4,991
-4.7%
Total assets
4,726
5,120
7,451
-7.7%
10-K for the year ended 31 December 2023, filed 21 February 2024: the filing.