Insulet (PODD) FY2023 results: revenue $1.7 billion, up 30.0% on the year
Insulet Corp. (PODD) reported revenue of $1.7 billion for fiscal 2023, the year ended 31 December 2023, up 30.0% on the year before. Net income was $206 million, up 4384.8%, and diluted earnings per share $2.94. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$1.7 billion
+30.0% on the year
FY2016FY2023
Operating margin
13.0%
2.9% a year earlier
FY2016FY2023
Net income
$206 million
+4,384.8% on the year
FY2016FY2023
Diluted EPS
$2.94
+4,100.0% 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
146
119
-68.1
+22.4%
Capital expenditure
75.6
123
112
-38.5%
Free cash flow
70.1
-3.9
-180
Free cash flow margin
4.1%
-0.3%
-16.4%
Cash from investing
-119
-191
-82.7
Cash from financing
-13.6
-40.3
40.7
Depreciation and amortisation
72.8
63.2
57.4
+15.2%
Share-based compensation
48.4
40.9
34.4
+18.3%
Buybacks
0.0
n/a
n/a
Diluted shares, weighted
74m
70m
69m
+5.3%
Shares outstanding at period end
70m
70m
69m
+0.6%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
733
476
556
+53.8%
Debt
1,416
1,402
1,274
+1.0%
Operating lease liabilities
29.5
27.4
7.6
+7.7%
Finance lease liabilities
22.9
0.0
n/a
Other liabilities
387
346
211
+12.1%
Total liabilities and equity
2,588
2,251
2,049
+15.0%
Fixed assets
n/a
600
536
Goodwill
51.7
51.7
39.8
0.0%
Intangible assets
98.7
75.5
36.6
+30.7%
Investments
n/a
n/a
0.0
Securities held for sale or to maturity
4.7
n/a
n/a
Cash and equivalents
704
690
806
+2.1%
Receivables
n/a
141
135
Inventory
403
347
303
+16.1%
Other assets
1,326
347
191
+282.7%
Total assets
2,588
2,251
2,049
+15.0%
10-K for the year ended 31 December 2023, filed 23 February 2024: the filing.