Weyerhaeuser (WY) FY2023 results: revenue $7.7 billion, down 24.6% on the year
Weyerhaeuser Co. (WY) reported revenue of $7.7 billion for fiscal 2023, the year ended 31 December 2023, down 24.6% on the year before. Net income was $839 million, down 55.4%, and diluted earnings per share $1.15. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2024.
Revenue
$7.7 billion
-24.6% on the year
FY2016FY2023
Operating margin
15.5%
30.2% a year earlier
FY2016FY2023
Net income
$839 million
-55.4% on the year
FY2016FY2023
Diluted EPS
$1.15
-54.5% 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
1,433
2,832
3,159
-49.4%
Capital expenditure
57.0
53.0
55.0
+7.5%
Free cash flow
1,376
2,779
3,104
-50.5%
Free cash flow margin
17.9%
27.3%
30.4%
Cash from investing
-508
-759
-325
Cash from financing
-1,342
-2,491
-1,330
Depreciation and amortisation
500
480
477
+4.2%
Share-based compensation
36.0
33.0
30.0
+9.1%
Buybacks
131
543
100
-75.9%
Dividends paid
1,216
1,617
884
-24.8%
Dividend per share
$1.66
$2.17
$1.18
-23.5%
Diluted shares, weighted
732m
743m
751m
-1.4%
Shares outstanding at period end
730m
733m
747m
-0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
10,236
10,749
10,767
-4.8%
Debt
5,069
5,053
5,099
+0.3%
Operating lease liabilities
96.0
91.0
90.0
+5.5%
Finance lease liabilities
7.0
5.0
8.0
+40.0%
Other liabilities
1,575
1,442
1,688
+9.2%
Total liabilities and equity
16,983
17,340
17,652
-2.1%
Fixed assets
2,269
2,171
2,057
+4.5%
Investments
n/a
0.0
n/a
Cash and equivalents
1,164
1,581
1,879
-26.4%
Receivables
354
357
507
-0.8%
Inventory
566
550
520
+2.9%
Other assets
12,630
12,681
12,689
-0.4%
Total assets
16,983
17,340
17,652
-2.1%
10-K for the year ended 31 December 2023, filed 16 February 2024: the filing.