Bristow Group (VTOL) FY2023 results: revenue $1.3 billion, up 7.2% on the year
Bristow Group Inc. (VTOL) reported revenue of $1.3 billion for fiscal 2023, the year ended 31 December 2023, up 7.2% on the year before. Net income was -$7 million, and diluted earnings per share $-0.24. The figures are the company's own, from the 10-K it filed with the SEC on 6 March 2024.
Revenue
$1.3 billion
+7.2% on the year
FY2014FY2023
Operating margin
4.7%
2.5% a year earlier
FY2014FY2023
Net income
-$7 million
FY2014FY2023
Diluted EPS
-$0.24
FY2014FY2023
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
FY2019
On the year
Last 8 years
Operating cash flow
32.0
-7.7
27.6
Capital expenditure
81.5
n/a
6.6
Free cash flow
-49.5
n/a
21.0
Free cash flow margin
-3.8%
n/a
9.3%
Cash from investing
-47.3
-52.0
48.6
Cash from financing
22.0
-24.6
-9.4
Depreciation and amortisation
70.6
n/a
37.6
Share-based compensation
16.5
n/a
3.6
Buybacks
2.7
n/a
7.7
Diluted shares, weighted
28m
28m
21m
-0.9%
Shares outstanding at period end
28m
28m
21m
+1.1%
Balance sheet
$ million
FY2023
FY2022
FY2019
On the year
Last 8 years
Shareholders' equity
824
787
457
+4.6%
Non-controlling interest
-0.5
-0.4
n/a
Redeemable equity
0.0
0.0
2.8
Debt
548
511
162
+7.2%
Operating lease liabilities
215
166
7.8
+29.5%
Other liabilities
351
348
135
+1.0%
Total liabilities and equity
1,937
1,812
765
+6.9%
Fixed assets
928
915
557
+1.4%
Intangible assets
48.4
65.8
0.1
-26.4%
Cash and equivalents
180
160
117
+12.6%
Receivables
208
183
n/a
+14.0%
Inventory
99.9
81.9
20.1
+22.0%
Other assets
473
406
70.1
+16.3%
Total assets
1,937
1,812
765
+6.9%
10-K for the year ended 31 December 2023, filed 6 March 2024: the filing.