Somnigroup International (SGI) FY2023 results: revenue $4.9 billion, up 0.1% on the year
Somnigroup International Inc. (SGI) reported revenue of $4.9 billion for fiscal 2023, the year ended 31 December 2023, up 0.1% on the year before. Net income was $368 million, down 19.2%, and diluted earnings per share $2.08. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2024.
Revenue
$4.9 billion
+0.1% on the year
FY2016FY2023
Operating margin
12.3%
13.8% a year earlier
FY2016FY2023
Net income
$368 million
-19.2% on the year
FY2016FY2023
Diluted EPS
$2.08
-17.8% 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
570
379
723
+50.6%
Capital expenditure
185
306
123
-39.5%
Free cash flow
385
72.3
600
+432.4%
Free cash flow margin
7.8%
1.5%
12.2%
Cash from investing
-188
-315
-555
Cash from financing
-384
-279
76.5
Depreciation and amortisation
183
180
175
+1.6%
Share-based compensation
47.7
53.1
61.4
-10.2%
Dividends paid
77.7
70.5
63.1
+10.2%
Dividend per share
$0.44
$0.40
$0.32
+10.0%
Diluted shares, weighted
177m
180m
204m
-1.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
323
-22.1
286
Non-controlling interest
n/a
n/a
0.0
Redeemable equity
10.0
9.8
9.2
+2.0%
Debt
2,502
2,810
2,332
-11.0%
Operating lease liabilities
575
454
427
+26.7%
Finance lease liabilities
77.0
65.6
61.5
+17.4%
Other liabilities
1,067
1,043
1,208
+2.3%
Total liabilities and equity
4,554
4,360
4,323
+4.5%
Goodwill
1,083
1,062
1,107
+2.0%
Intangible assets
715
716
751
-0.1%
Cash and equivalents
74.9
69.4
301
+7.9%
Receivables
431
423
420
+2.1%
Inventory
483
555
464
-13.0%
Other assets
1,766
1,535
1,281
+15.1%
Total assets
4,554
4,360
4,323
+4.5%
10-K for the year ended 31 December 2023, filed 16 February 2024: the filing.