Phillips 66 (PSX) FY2023 results: revenue $147.4 billion, down 13.3% on the year
Phillips 66 (PSX) reported revenue of $147.4 billion for fiscal 2023, the year ended 31 December 2023, down 13.3% on the year before. Net income was $7.0 billion, down 36.4%, and diluted earnings per share $15.48. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2024.
Revenue
$147.4 billion
-13.3% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$7.0 billion
-36.4% on the year
FY2016FY2023
Diluted EPS
$15.48
-33.5% 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
7,029
10,813
6,017
-35.0%
Cash from investing
-1,790
-1,488
-1,872
Cash from financing
-8,092
-6,388
-3,470
Depreciation and amortisation
1,977
1,629
1,605
+21.4%
Share-based compensation
297
210
144
+41.4%
Buybacks
4,014
1,513
0.0
+165.3%
Dividends paid
1,882
1,793
1,585
+5.0%
Dividend per share
$4.20
$3.83
$3.62
+9.7%
Diluted shares, weighted
453m
474m
440m
-4.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
30,583
29,494
19,166
+3.7%
Non-controlling interest
1,067
4,612
2,471
-76.9%
Debt
19,208
17,158
14,251
+11.9%
Operating lease liabilities
790
745
725
+6.0%
Finance lease liabilities
280
234
257
+19.7%
Other liabilities
23,573
24,199
18,724
-2.6%
Total liabilities and equity
75,501
76,442
55,594
-1.2%
Goodwill
1,550
1,486
1,484
+4.3%
Intangible assets
920
831
813
+10.7%
Cash and equivalents
3,323
6,133
3,147
-45.8%
Receivables
11,730
10,985
7,470
+6.8%
Inventory
3,750
3,276
3,394
+14.5%
Other assets
54,228
53,731
39,286
+0.9%
Total assets
75,501
76,442
55,594
-1.2%
10-K for the year ended 31 December 2023, filed 21 February 2024: the filing.