Verisk Analytics (VRSK) FY2023 results: revenue $2.7 billion, up 7.4% on the year
Verisk Analytics, Inc. (VRSK) reported revenue of $2.7 billion for fiscal 2023, the year ended 31 December 2023, up 7.4% on the year before. Net income was $615 million, down 35.6%, and diluted earnings per share $4.17. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2024.
Revenue
$2.7 billion
+7.4% on the year
FY2016FY2023
Operating margin
42.2%
56.3% a year earlier
FY2016FY2023
Net income
$615 million
-35.6% on the year
FY2016FY2023
Diluted EPS
$4.17
-30.5% 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
1,061
1,059
1,156
+0.2%
Capital expenditure
230
275
268
-16.3%
Free cash flow
831
784
887
+5.9%
Free cash flow margin
31.0%
31.4%
36.0%
Cash from investing
2,746
301
-592
+811.2%
Cash from financing
-3,786
-1,330
-499
Depreciation and amortisation
207
197
207
+4.9%
Share-based compensation
54.0
56.5
55.7
-4.4%
Buybacks
2,762
1,662
475
+66.2%
Dividends paid
197
195
188
+0.8%
Diluted shares, weighted
147m
159m
163m
-7.3%
Shares outstanding at period end
143m
155m
162m
-7.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
310
1,749
2,816
-82.3%
Non-controlling interest
12.2
18.4
26.0
-33.7%
Debt
2,884
3,744
3,324
-23.0%
Operating lease liabilities
196
190
231
+3.0%
Finance lease liabilities
20.0
n/a
n/a
Other liabilities
944
1,259
1,411
-25.0%
Total liabilities and equity
4,366
6,961
7,808
-37.3%
Fixed assets
605
542
531
+11.7%
Goodwill
1,761
1,676
2,048
+5.1%
Intangible assets
472
505
482
-6.6%
Cash and equivalents
303
112
112
+169.1%
Receivables
334
290
300
+15.2%
Other assets
892
3,836
4,335
-76.8%
Total assets
4,366
6,961
7,808
-37.3%
10-K for the year ended 31 December 2023, filed 21 February 2024: the filing.