Take-Two Interactive Software (TTWO) FY2023 results: revenue $5.3 billion, up 52.6% on the year
Take-Two Interactive Software, Inc. (TTWO) reported revenue of $5.3 billion for fiscal 2023, the year ended 31 March 2023, up 52.6% on the year before. Net income was -$1.1 billion, and diluted earnings per share $-7.03. The figures are the company's own, from the 10-K it filed with the SEC on 26 May 2023.
Revenue
$5.3 billion
+52.6% on the year
FY2016FY2023
Operating margin
-21.8%
13.5% a year earlier
FY2016FY2023
Net income
-$1.1 billion
FY2016FY2023
Diluted EPS
-$7.03
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
1.1
258
912
-99.6%
Capital expenditure
204
159
68.9
+28.7%
Free cash flow
-203
99.3
843
Free cash flow margin
-3.8%
2.8%
25.0%
Cash from investing
-2,876
139
-807
Cash from financing
1,930
-257
-57.3
Depreciation and amortisation
122
61.1
55.6
+100.1%
Share-based compensation
318
183
110
+73.7%
Buybacks
0.0
200
0.0
Diluted shares, weighted
160m
117m
116m
+36.9%
Shares outstanding at period end
169m
115m
115m
+46.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
9,042
3,810
3,332
+137.4%
Non-controlling interest
n/a
n/a
0.0
Short-term borrowings
n/a
0.0
n/a
Debt
3,094
0.0
0.0
Operating lease liabilities
347
211
160
+64.2%
Other liabilities
3,378
2,525
2,537
+33.8%
Total liabilities and equity
15,862
6,546
6,028
+142.3%
Fixed assets
403
242
149
+66.4%
Goodwill
6,767
675
535
+903.2%
Intangible assets
4,453
266
122
+1,571.2%
Investments
187
820
1,309
-77.2%
Cash and equivalents
827
1,732
1,423
-52.2%
Receivables
763
579
553
+31.7%
Inventory
n/a
13.2
17.7
Other assets
2,461
2,218
1,920
+11.0%
Total assets
15,862
6,546
6,028
+142.3%
10-K for the year ended 31 March 2023, filed 26 May 2023: the filing.