Vornado Realty Trust (VNO) FY2023 results: revenue $1.8 billion, up 0.6% on the year
Vornado Realty Trust (VNO) reported revenue of $1.8 billion for fiscal 2023, the year ended 31 December 2023, up 0.6% on the year before. Net income was $105 million, and diluted earnings per share $0.23. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2024.
Revenue
$1.8 billion
+0.6% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$105 million
FY2016FY2023
Diluted EPS
$0.23
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
648
799
762
-18.9%
Capital expenditure
33.1
3.0
3.0
+1,004.8%
Free cash flow
615
796
759
-22.7%
Free cash flow margin
34.0%
44.2%
47.7%
Cash from investing
-129
-907
-532
Cash from financing
-279
-801
-29.5
Depreciation and amortisation
458
526
433
-13.1%
Share-based compensation
43.2
29.2
38.3
+47.7%
Buybacks
29.2
0.0
0.0
Dividends paid
129
407
406
-68.3%
Dividend per share
$0.68
$2.12
$2.12
-68.2%
Diluted shares, weighted
192m
192m
192m
+0.0%
Shares outstanding at period end
190m
192m
192m
-0.8%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
5,509
5,840
6,236
-5.7%
Non-controlling interest
196
237
279
-17.1%
Redeemable equity
638
437
689
+46.2%
Debt
8,251
8,389
8,616
-1.6%
Other liabilities
1,592
1,591
1,447
+0.1%
Total liabilities and equity
16,188
16,493
17,267
-1.9%
Intangible assets
127
140
155
-9.0%
Investments
0.0
472
0.0
Cash and equivalents
997
890
1,760
+12.1%
Other assets
15,064
14,992
15,351
+0.5%
Total assets
16,188
16,493
17,267
-1.9%
10-K for the year ended 31 December 2023, filed 12 February 2024: the filing.