Wolverine World Wide (WWW) FY2023 results: revenue $2.2 billion, down 16.5% on the year
Wolverine World Wide Inc. (WWW) reported revenue of $2.2 billion for fiscal 2023, the year ended 30 December 2023, down 16.5% on the year before. Net income was -$38 million, and diluted earnings per share $-0.49. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$2.2 billion
-16.5% on the year
FY2016FY2023
Operating margin
-3.0%
-7.8% a year earlier
FY2016FY2023
Net income
-$38 million
FY2016FY2023
Diluted EPS
-$0.49
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
122
-179
86.8
Capital expenditure
14.6
36.5
17.6
-60.0%
Free cash flow
107
-215
69.2
Free cash flow margin
4.8%
-8.0%
2.9%
Cash from investing
172
54.6
-437
+214.3%
Cash from financing
-246
107
169
Depreciation and amortisation
35.1
34.6
33.2
+1.4%
Share-based compensation
15.2
33.4
38.1
-54.5%
Buybacks
0.0
81.3
39.6
Dividends paid
32.6
32.8
33.5
-0.6%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
79m
80m
83m
-0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
279
321
630
-13.1%
Non-controlling interest
21.4
18.4
14.8
+16.3%
Debt
921
1,158
967
-20.5%
Operating lease liabilities
132
154
118
-13.8%
Other liabilities
710
842
857
-15.7%
Total liabilities and equity
2,063
2,493
2,586
-17.2%
Fixed assets
96.3
136
129
-29.3%
Goodwill
427
485
557
-11.9%
Intangible assets
34.9
67.4
74.6
-48.2%
Cash and equivalents
179
132
162
+36.1%
Receivables
231
242
320
-4.5%
Inventory
374
745
366
-49.9%
Other assets
721
686
979
+5.2%
Total assets
2,063
2,493
2,586
-17.2%
10-K for the year ended 30 December 2023, filed 22 February 2024: the filing.