RB Global (RBA) FY2023 results: revenue $3.7 billion, up 112.2% on the year
RB Global Inc. (RBA) reported revenue of $3.7 billion for fiscal 2023, the year ended 31 December 2023, up 112.2% on the year before. Net income was $206 million, down 35.4%, and diluted earnings per share $1.04. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2024.
Revenue
$3.7 billion
+112.2% on the year
FY2016FY2023
Operating margin
12.8%
26.2% a year earlier
FY2016FY2023
Net income
$206 million
-35.4% on the year
FY2016FY2023
Diluted EPS
$1.04
-63.6% 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
544
463
318
+17.5%
Capital expenditure
228
32.0
9.8
+612.8%
Free cash flow
316
431
308
-26.7%
Free cash flow margin
8.6%
24.9%
21.7%
Cash from investing
-3,108
77.3
-214
Cash from financing
2,676
-1,258
961
Depreciation and amortisation
352
97.2
87.9
+262.5%
Share-based compensation
55.8
41.7
31.3
+33.9%
Dividends paid
298
115
104
+158.6%
Diluted shares, weighted
168m
112m
111m
+50.3%
Shares outstanding at period end
183m
111m
111m
+64.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
5,017
1,290
1,071
+289.0%
Non-controlling interest
2.3
0.5
0.4
+360.0%
Redeemable equity
482
0.0
n/a
Debt
3,090
611
1,744
+406.0%
Operating lease liabilities
1,354
112
110
+1,110.6%
Finance lease liabilities
16.4
15.3
14.0
+7.2%
Other liabilities
2,076
836
654
+148.4%
Total liabilities and equity
12,037
2,864
3,593
+320.3%
Fixed assets
1,201
459
449
+161.6%
Goodwill
4,537
949
948
+378.2%
Intangible assets
2,914
323
351
+803.2%
Cash and equivalents
576
494
326
+16.6%
Receivables
732
183
151
+299.3%
Inventory
166
103
102
+61.6%
Other assets
1,911
353
1,266
+442.1%
Total assets
12,037
2,864
3,593
+320.3%
10-K for the year ended 31 December 2023, filed 28 February 2024: the filing.