Textron (TXT) FY2023 results: revenue $13.7 billion, up 6.3% on the year
Textron Inc. (TXT) reported revenue of $13.7 billion for fiscal 2023, the year ended 30 December 2023, up 6.3% on the year before. Net income was $921 million, up 7.0%, and diluted earnings per share $4.56. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2024.
Revenue
$13.7 billion
+6.3% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$921 million
+7.0% on the year
FY2016FY2023
Diluted EPS
$4.56
+13.7% 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
1,266
1,488
1,598
-14.9%
Capital expenditure
402
354
375
+13.6%
Free cash flow
864
1,134
1,223
-23.8%
Free cash flow margin
6.3%
8.8%
9.9%
Cash from investing
-317
-447
-281
Cash from financing
-813
-1,091
-1,446
Depreciation and amortisation
395
397
390
-0.5%
Share-based compensation
94.0
66.0
138
+42.4%
Buybacks
1,168
867
921
+34.7%
Dividends paid
16.0
17.0
18.0
-5.9%
Dividend per share
$0.08
$0.08
$0.08
0.0%
Diluted shares, weighted
202m
215m
227m
-6.1%
Shares outstanding at period end
193m
206m
217m
-6.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
6,987
7,113
6,815
-1.8%
Debt
3,874
3,557
3,767
+8.9%
Operating lease liabilities
326
326
325
0.0%
Finance lease liabilities
22.0
n/a
n/a
Other liabilities
5,647
5,297
4,920
+6.6%
Total liabilities and equity
16,856
16,293
15,827
+3.5%
Fixed assets
2,477
2,523
2,538
-1.8%
Intangible assets
399
461
438
-13.4%
Cash and equivalents
2,181
2,035
2,117
+7.2%
Inventory
3,914
3,550
3,468
+10.3%
Other assets
7,885
7,724
7,266
+2.1%
Total assets
16,856
16,293
15,827
+3.5%
10-K for the year ended 30 December 2023, filed 12 February 2024: the filing.