Dentsply Sirona (XRAY) FY2023 results: revenue $4.0 billion, up 1.1% on the year
Dentsply Sirona Inc. (XRAY) reported revenue of $4.0 billion for fiscal 2023, the year ended 31 December 2023, up 1.1% on the year before. Net income was -$132 million, and diluted earnings per share $-0.62. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$4.0 billion
+1.1% on the year
FY2016FY2023
Operating margin
-2.1%
-23.9% a year earlier
FY2016FY2023
Net income
-$132 million
FY2016FY2023
Diluted EPS
-$0.62
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
377
517
657
-27.1%
Capital expenditure
149
149
142
0.0%
Free cash flow
228
368
515
-38.0%
Free cash flow margin
5.8%
9.4%
12.2%
Cash from investing
-89.0
-138
-358
Cash from financing
-307
-329
-379
Depreciation and amortisation
343
328
347
+4.6%
Share-based compensation
46.0
59.0
48.0
-22.0%
Buybacks
300
150
200
+100.0%
Dividends paid
116
104
92.0
+11.5%
Dividend per share
$0.56
$0.50
$0.43
+12.0%
Diluted shares, weighted
212m
216m
220m
-1.6%
Shares outstanding at period end
207m
215m
217m
-3.8%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
3,293
3,811
4,996
-13.6%
Non-controlling interest
1.0
1.0
1.0
0.0%
Debt
2,118
1,944
2,095
+9.0%
Operating lease liabilities
125
149
149
-16.1%
Finance lease liabilities
1.0
1.0
1.0
0.0%
Other liabilities
1,832
1,737
1,997
+5.5%
Total liabilities and equity
7,370
7,643
9,239
-3.6%
Fixed assets
800
761
773
+5.1%
Goodwill
2,438
2,688
3,976
-9.3%
Intangible assets
1,705
1,903
2,319
-10.4%
Cash and equivalents
334
365
339
-8.5%
Inventory
624
627
515
-0.5%
Other assets
1,469
1,299
1,317
+13.1%
Total assets
7,370
7,643
9,239
-3.6%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.