People (PPLI) FY2023 results: revenue $2.9 billion, down 12.7% on the year
People Inc. (PPLI) reported revenue of $2.9 billion for fiscal 2023, the year ended 31 December 2023, down 12.7% on the year before. Net income was $266 million, and diluted earnings per share $2.97. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$2.9 billion
-12.7% on the year
FY2017FY2023
Operating margin
-8.1%
-10.6% a year earlier
FY2017FY2023
Net income
$266 million
FY2017FY2023
Diluted EPS
$2.97
FY2017FY2023
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
190
-82.8
137
Capital expenditure
93.6
23.4
90.2
+299.9%
Free cash flow
95.9
-106
46.7
Free cash flow margin
3.3%
-3.2%
1.3%
Cash from investing
-87.5
-495
n/a
Cash from financing
-223
-113
n/a
Depreciation and amortisation
369
346
150
+6.6%
Share-based compensation
73.6
70.8
79.5
+3.9%
Buybacks
166
85.3
35.4
+94.1%
Diluted shares, weighted
86m
86m
92m
+0.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
6,078
5,932
7,175
+2.5%
Non-controlling interest
677
641
574
+5.7%
Redeemable equity
33.4
27.2
18.7
+22.6%
Debt
2,040
2,070
2,100
-1.4%
Operating lease liabilities
350
519
578
-32.6%
Other liabilities
1,325
1,205
1,854
+9.9%
Total liabilities and equity
10,503
10,394
12,300
+1.0%
Fixed assets
346
511
571
-32.3%
Goodwill
2,138
2,147
3,227
-0.4%
Intangible assets
704
1,170
1,415
-39.8%
Investments
149
565
348
-73.6%
Cash and equivalents
933
1,096
1,691
-14.9%
Receivables
486
608
696
-20.1%
Inventory
n/a
n/a
30.7
Other assets
5,747
4,297
4,324
+33.7%
Total assets
10,503
10,394
12,300
+1.0%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.