TransDigm Group (TDG) FY2023 results: revenue $6.6 billion, up 21.3% on the year
TransDigm Group Inc. (TDG) reported revenue of $6.6 billion for fiscal 2023, the year ended 30 September 2023, up 21.3% on the year before. Net income was $1.3 billion, up 49.9%, and diluted earnings per share $22.03. The figures are the company's own, from the 10-K it filed with the SEC on 9 November 2023.
Revenue
$6.6 billion
+21.3% on the year
FY2016FY2023
Operating margin
44.4%
40.8% a year earlier
FY2016FY2023
Net income
$1.3 billion
+49.9% on the year
FY2016FY2023
Diluted EPS
$22.03
+64.4% 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
1,375
948
913
+45.0%
Capital expenditure
139
119
105
+16.8%
Free cash flow
1,236
829
808
+49.1%
Free cash flow margin
18.8%
15.3%
16.8%
Cash from investing
-900
-553
-785
Cash from financing
-16.0
-2,148
-70.0
Depreciation and amortisation
268
253
253
+5.9%
Share-based compensation
135
153
129
-11.8%
Buybacks
0.0
912
0.0
Dividends paid
38.0
1,091
73.0
-96.5%
Dividend per share
$0.00
$18.50
$0.00
Diluted shares, weighted
57m
58m
58m
-1.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
-1,984
-3,773
-2,916
Non-controlling interest
6.0
7.0
6.0
-14.3%
Debt
19,750
19,795
19,998
-0.2%
Operating lease liabilities
51.0
71.0
79.0
-28.2%
Finance lease liabilities
188
144
98.0
+30.6%
Other liabilities
1,959
1,863
2,050
+5.2%
Total liabilities and equity
19,970
18,107
19,315
+10.3%
Fixed assets
1,255
807
770
+55.5%
Goodwill
8,988
8,641
8,568
+4.0%
Intangible assets
2,747
2,750
2,791
-0.1%
Cash and equivalents
3,472
3,001
4,787
+15.7%
Receivables
1,230
967
791
+27.2%
Inventory
1,616
1,332
1,185
+21.3%
Other assets
662
609
423
+8.7%
Total assets
19,970
18,107
19,315
+10.3%
10-K for the year ended 30 September 2023, filed 9 November 2023: the filing.