Solaris Energy Infrastructure (SEI) FY2023 results: revenue $293 million, down 8.5% on the year
Solaris Energy Infrastructure, Inc. (SEI) reported revenue of $293 million for fiscal 2023, the year ended 31 December 2023, down 8.5% on the year before. Net income was $24 million, up 15.0%, and diluted earnings per share $0.78. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2024.
Revenue
$293 million
-8.5% on the year
FY2016FY2023
Operating margin
17.0%
13.1% a year earlier
FY2016FY2023
Net income
$24 million
+15.0% on the year
FY2016FY2023
Diluted EPS
$0.78
+21.9% 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
89.4
68.0
16.5
+31.4%
Capital expenditure
64.4
81.4
19.6
-20.9%
Free cash flow
25.0
-13.4
-3.2
Free cash flow margin
8.5%
-4.2%
-2.0%
Cash from investing
-62.0
-79.5
-19.5
Cash from financing
-30.4
-16.1
-20.8
Depreciation and amortisation
36.2
30.4
27.2
+18.9%
Share-based compensation
7.7
6.1
5.2
+27.1%
Buybacks
26.4
n/a
n/a
Dividends paid
14.1
13.8
13.4
+1.9%
Dividend per share
$0.45
$0.42
$0.42
+7.1%
Diluted shares, weighted
30m
31m
31m
-5.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
206
216
203
-4.5%
Non-controlling interest
110
101
94.7
+8.1%
Debt
30.0
80.6
73.1
-62.8%
Operating lease liabilities
11.5
6.2
6.7
+85.8%
Finance lease liabilities
2.4
3.4
0.1
-30.0%
Other liabilities
109
55.2
28.5
+97.1%
Total liabilities and equity
468
463
406
+1.2%
Goodwill
13.0
13.0
13.0
0.0%
Intangible assets
0.7
1.4
2.2
-50.9%
Cash and equivalents
5.8
8.8
36.5
-34.0%
Receivables
n/a
64.5
29.5
Inventory
6.7
5.3
1.7
+26.1%
Other assets
442
369
323
+19.7%
Total assets
468
463
406
+1.2%
10-K for the year ended 31 December 2023, filed 27 February 2024: the filing.