Viatris (VTRS) FY2023 results: revenue $15.4 billion, down 5.1% on the year
Viatris Inc. (VTRS) reported revenue of $15.4 billion for fiscal 2023, the year ended 31 December 2023, down 5.1% on the year before. Net income was $55 million, down 97.4%, and diluted earnings per share $0.05. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2024.
Revenue
$15.4 billion
-5.1% on the year
FY2018FY2023
Operating margin
5.0%
9.9% a year earlier
FY2018FY2023
Net income
$55 million
-97.4% on the year
FY2018FY2023
Diluted EPS
$0.05
-97.1% on the year
FY2018FY2023
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
2,900
2,999
3,017
-3.3%
Capital expenditure
377
406
457
-7.1%
Free cash flow
2,523
2,593
2,560
-2.7%
Free cash flow margin
16.4%
15.9%
14.3%
Cash from investing
-864
1,474
-118
Cash from financing
-2,302
-3,878
-3,012
Depreciation and amortisation
2,740
3,028
4,506
-9.5%
Share-based compensation
181
116
111
+55.2%
Buybacks
250
0.0
0.0
Dividend per share
$0.48
$0.48
$0.33
0.0%
Diluted shares, weighted
1,207m
1,217m
1,209m
-0.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
20,467
21,072
20,493
-2.9%
Short-term borrowings
n/a
0.0
n/a
Debt
18,132
19,274
23,088
-5.9%
Operating lease liabilities
165
181
201
-8.8%
Other liabilities
8,921
9,494
11,062
-6.0%
Total liabilities and equity
47,686
50,022
54,843
-4.7%
Fixed assets
2,760
3,024
3,189
-8.8%
Goodwill
9,867
10,426
12,114
-5.4%
Intangible assets
19,181
22,607
26,134
-15.2%
Investments
37.0
35.3
38.2
+4.8%
Trading assets
49.3
42.6
51.0
+15.7%
Cash and equivalents
992
1,260
701
-21.3%
Receivables
3,700
3,814
4,266
-3.0%
Inventory
3,470
3,520
3,978
-1.4%
Other assets
7,629
5,293
4,372
+44.1%
Total assets
47,686
50,022
54,843
-4.7%
10-K for the year ended 31 December 2023, filed 28 February 2024: the filing.