J.M. Smucker (SJM) FY2023 results: revenue $8.5 billion, up 6.6% on the year
J.M. Smucker Co. (SJM) reported revenue of $8.5 billion for fiscal 2023, the year ended 30 April 2023, up 6.6% on the year before. Net income was -$91 million, and diluted earnings per share $-0.86. The figures are the company's own, from the 10-K it filed with the SEC on 20 June 2023.
Revenue
$8.5 billion
+6.6% on the year
FY2016FY2023
Operating margin
1.8%
12.8% a year earlier
FY2016FY2023
Net income
-$91 million
FY2016FY2023
Diluted EPS
-$0.86
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
1,194
1,136
1,565
+5.1%
Capital expenditure
477
418
307
+14.3%
Free cash flow
717
719
1,258
-0.3%
Free cash flow margin
8.4%
9.0%
15.7%
Cash from investing
256
-356
311
Cash from financing
-965
-944
-1,944
Depreciation and amortisation
431
459
452
-6.1%
Share-based compensation
25.6
22.3
28.7
+14.8%
Buybacks
368
270
678
+35.9%
Dividends paid
430
418
403
+2.9%
Dividend per share
$4.08
$3.96
$3.60
+3.0%
Diluted shares, weighted
n/a
108m
112m
Shares outstanding at period end
104m
106m
108m
-1.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
7,291
8,140
8,125
-10.4%
Short-term borrowings
0.0
n/a
n/a
Debt
4,314
4,491
4,752
-3.9%
Operating lease liabilities
77.2
76.2
113
+1.3%
Finance lease liabilities
2.2
2.5
2.5
-12.0%
Other liabilities
3,307
3,346
3,292
-1.2%
Total liabilities and equity
14,991
16,055
16,284
-6.6%
Fixed assets
2,240
2,132
2,002
+5.1%
Goodwill
5,217
6,016
6,024
-13.3%
Intangible assets
4,429
5,652
6,041
-21.6%
Cash and equivalents
656
170
334
+286.0%
Receivables
598
525
534
+13.9%
Inventory
1,010
1,089
960
-7.3%
Other assets
842
471
390
+78.7%
Total assets
14,991
16,055
16,284
-6.6%
10-K for the year ended 30 April 2023, filed 20 June 2023: the filing.