Tyson Foods (TSN) FY2023 results: revenue $52.9 billion, down 0.8% on the year
Tyson Foods, Inc. (TSN) reported revenue of $52.9 billion for fiscal 2023, the year ended 30 September 2023, down 0.8% on the year before. Net income was -$648 million, and diluted earnings per share $-1.87. The figures are the company's own, from the 10-K it filed with the SEC on 13 November 2023.
Revenue
$52.9 billion
-0.8% on the year
FY2016FY2023
Operating margin
-0.7%
8.3% a year earlier
FY2016FY2023
Net income
-$648 million
FY2016FY2023
Diluted EPS
-$1.87
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
1,752
2,687
3,840
-34.8%
Capital expenditure
1,939
1,887
1,209
+2.8%
Free cash flow
-187
800
2,631
Free cash flow margin
-0.4%
1.5%
5.6%
Cash from investing
-2,299
-1,935
58.0
Cash from financing
88.0
-2,323
-2,731
Depreciation and amortisation
1,329
1,191
1,195
+11.6%
Share-based compensation
61.0
93.0
91.0
-34.4%
Dividends paid
670
653
636
+2.6%
Diluted shares, weighted
284m
363m
365m
-21.8%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
18,133
19,702
17,723
-8.0%
Non-controlling interest
122
109
131
+11.9%
Debt
9,506
8,321
9,348
+14.2%
Operating lease liabilities
376
350
368
+7.4%
Finance lease liabilities
53.0
n/a
n/a
Other liabilities
8,061
8,339
8,739
-3.3%
Total liabilities and equity
36,251
36,821
36,309
-1.5%
Fixed assets
9,634
8,685
7,837
+10.9%
Goodwill
9,878
10,513
10,549
-6.0%
Intangible assets
6,098
6,252
6,519
-2.5%
Cash and equivalents
573
1,031
2,507
-44.4%
Receivables
2,476
2,577
2,400
-3.9%
Inventory
5,328
5,514
4,382
-3.4%
Other assets
2,264
2,249
2,115
+0.7%
Total assets
36,251
36,821
36,309
-1.5%
10-K for the year ended 30 September 2023, filed 13 November 2023: the filing.