Perrigo (PRGO) FY2023 results: revenue $4.7 billion, up 4.6% on the year
Perrigo Co. plc (PRGO) reported revenue of $4.7 billion for fiscal 2023, the year ended 31 December 2023, up 4.6% on the year before. Net income was -$13 million, and diluted earnings per share $-0.09. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2024.
Revenue
$4.7 billion
+4.6% on the year
FY2016FY2023
Operating margin
3.3%
1.8% a year earlier
FY2016FY2023
Net income
-$13 million
FY2016FY2023
Diluted EPS
-$0.09
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
406
307
156
+32.0%
Capital expenditure
102
96.4
152
+5.5%
Free cash flow
304
211
4.2
+44.0%
Free cash flow margin
6.5%
4.7%
0.1%
Cash from investing
-77.5
-1,959
1,276
Cash from financing
-187
422
-179
Depreciation and amortisation
360
339
312
+6.2%
Share-based compensation
68.8
54.9
60.1
+25.3%
Buybacks
n/a
0.0
0.0
Dividends paid
150
142
130
+5.1%
Dividend per share
$1.09
$1.04
$0.96
+4.8%
Diluted shares, weighted
135m
134m
134m
+0.6%
Shares outstanding at period end
136m
135m
n/a
+0.6%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
4,768
4,842
5,152
-1.5%
Debt
4,073
4,107
3,520
-0.8%
Operating lease liabilities
160
190
147
-15.8%
Finance lease liabilities
13.2
17.4
20.9
-24.1%
Other liabilities
1,795
1,862
1,585
-3.6%
Total liabilities and equity
10,809
11,017
10,426
-1.9%
Fixed assets
916
926
864
-1.1%
Goodwill
3,529
3,490
2,999
+1.1%
Intangible assets
5,002
5,008
3,684
-0.1%
Cash and equivalents
751
601
1,865
+25.1%
Receivables
740
697
653
+6.1%
Inventory
1,141
1,150
1,020
-0.8%
Total assets
10,809
11,017
10,426
-1.9%
10-K for the year ended 31 December 2023, filed 27 February 2024: the filing.