Sempra (SRE) FY2023 results: revenue $16.7 billion, up 15.8% on the year
Sempra (SRE) reported revenue of $16.7 billion for fiscal 2023, the year ended 31 December 2023, up 15.8% on the year before. Net income was $3.1 billion, up 43.8%, and diluted earnings per share $4.79. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2024.
Revenue
$16.7 billion
+15.8% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$3.1 billion
+43.8% on the year
FY2016FY2023
Diluted EPS
$4.79
+44.7% 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
6,218
1,142
3,842
+444.5%
Capital expenditure
8,397
5,357
5,015
+56.7%
Free cash flow
-2,179
-4,215
-1,173
Free cash flow margin
-13.0%
-29.2%
-9.1%
Cash from investing
-8,716
-5,039
-5,508
Cash from financing
2,419
3,779
1,260
-36.0%
Depreciation and amortisation
2,227
2,019
1,855
+10.3%
Share-based compensation
80.0
71.0
63.0
+12.7%
Buybacks
32.0
478
339
-93.3%
Dividends paid
1,483
1,430
1,331
+3.7%
Dividend per share
$2.38
$2.29
$2.20
+3.9%
Diluted shares, weighted
633m
633m
626m
-0.0%
Shares outstanding at period end
631m
629m
634m
+0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
28,675
27,115
25,981
+5.8%
Non-controlling interest
4,979
2,141
1,438
+132.6%
Debt
31,076
28,919
24,645
+7.5%
Operating lease liabilities
599
528
470
+13.4%
Finance lease liabilities
1,276
1,286
1,292
-0.8%
Other liabilities
20,576
18,585
18,219
+10.7%
Total liabilities and equity
87,181
78,574
72,045
+11.0%
Fixed assets
n/a
47,782
43,894
Goodwill
1,602
1,602
1,602
0.0%
Intangible assets
318
344
370
-7.6%
Cash and equivalents
236
370
559
-36.2%
Receivables
2,151
2,635
2,071
-18.4%
Inventory
482
403
389
+19.6%
Other assets
82,392
25,438
23,160
+223.9%
Total assets
87,181
78,574
72,045
+11.0%
10-K for the year ended 31 December 2023, filed 27 February 2024: the filing.