Resmed (RMD) FY2023 results: revenue $4.2 billion, up 18.0% on the year
Resmed Inc. (RMD) reported revenue of $4.2 billion for fiscal 2023, the year ended 30 June 2023, up 18.0% on the year before. Net income was $898 million, up 15.2%, and diluted earnings per share $6.09. The figures are the company's own, from the 10-K it filed with the SEC on 11 August 2023.
Revenue
$4.2 billion
+18.0% on the year
FY2016FY2023
Operating margin
26.8%
28.0% a year earlier
FY2016FY2023
Net income
$898 million
+15.2% on the year
FY2016FY2023
Diluted EPS
$6.09
+14.9% 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
693
351
737
+97.4%
Capital expenditure
120
135
103
-11.2%
Free cash flow
574
216
634
+165.2%
Free cash flow margin
13.6%
6.0%
19.8%
Cash from investing
-1,160
-230
-158
Cash from financing
423
-128
-765
Depreciation and amortisation
165
160
157
+3.5%
Share-based compensation
71.1
65.3
63.9
+9.0%
Buybacks
0.0
0.0
n/a
Dividends paid
258
245
227
+5.3%
Dividend per share
$1.76
$1.68
$1.56
+4.8%
Diluted shares, weighted
147m
147m
146m
+0.3%
Shares outstanding at period end
147m
146m
146m
+0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
4,130
3,361
2,886
+22.9%
Debt
1,441
775
655
+85.9%
Operating lease liabilities
117
120
115
-3.0%
Other liabilities
1,064
839
1,072
+26.7%
Total liabilities and equity
6,752
5,096
4,728
+32.5%
Fixed assets
538
498
463
+8.0%
Goodwill
2,770
1,936
1,928
+43.1%
Intangible assets
552
346
393
+59.7%
Cash and equivalents
228
274
295
-16.7%
Receivables
705
576
614
+22.4%
Inventory
998
744
457
+34.2%
Other assets
960
722
578
+33.1%
Total assets
6,752
5,096
4,728
+32.5%
10-K for the year ended 30 June 2023, filed 11 August 2023: the filing.