BIRK FY 2023 Earnings Report — Birkenstock Holding plc Revenue & Financial Results | Market Cap Arena

Birkenstock Holding plcBIRK

FY 2023 Earnings

Reported January 18, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.5B	—	20.0%
Op. Income	$305M	—	$424M	—	-28.2%
Gross Margin	62.1%	—	60.3%	—	1.7pp
Net Margin	5.0%	—	15.1%	—	-10.0pp
EPS (Diluted)	$0.48	—	$1.32	—	-63.7%
Free Cash Flow	$299M	—	$189M	—	58.3%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$662M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$365M
General & Administrative	$288M
SG&A Expenses	$653M
Other Expenses	$124M
Operating Expenses	$778M
Cost & Expenses	$1.4B
OPERATING INCOME	$305M
Interest Income	$3M
Interest Expense	$144M
Other Income/Expenses	-$125M
INCOME BEFORE TAX	$180M
Income Tax Expense	$92M
Net Income from Continuing Ops	$88M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$88M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$88M
D&A	$98M
EBIT	$324M
EBITDA	$421M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$662M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$365M
General & Administrative	$288M
SG&A Expenses	$653M
Other Expenses	$124M
Operating Expenses	$778M
Cost & Expenses	$1.4B
OPERATING INCOME	$305M
Interest Income	$3M
Interest Expense	$144M
Other Income/Expenses	-$125M
INCOME BEFORE TAX	$180M
Income Tax Expense	$92M
Net Income from Continuing Ops	$88M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$88M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$88M
D&A	$98M
EBIT	$324M
EBITDA	$421M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$88M
Depreciation & Amortization	$98M
Stock-Based Compensation	$0
Deferred Income Tax	$92M
Other Non-Cash Items	$236M
Change in Working Capital	-$94M
OPERATING CASH FLOW	$419M
Capital Expenditure	-$120M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$118M
Net Debt Issuance	-$95M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$138M
NET CASH FROM FINANCING	-$233M
FREE CASH FLOW	$299M
Net Change in Cash	$44M

Balance Sheet

Item	Amount
Cash & Equivalents	$403M
Short-Term Investments	$11M
Net Receivables	$138M
Inventory	$696M
Other Current Assets	$5M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$478M
Goodwill	$1.9B
Intangible Assets	$2.0B
Long-Term Investments	$5M
Tax Assets	$0
Other Non-Current Assets	$40M
TOTAL NON-CURRENT ASSETS	$4.4B
TOTAL ASSETS	$5.6B
Account Payables	$93M
Short-Term Debt	$44M
Deferred Revenue	$11M
Other Current Liabilities	$150M
TOTAL CURRENT LIABILITIES	$443M
Long-Term Debt	$2.1B
Deferred Revenue NC	$12M
Deferred Tax Liabilities	$128M
Other Non-Current Liabilities	$44M
TOTAL NON-CURRENT LIABILITIES	$2.4B
TOTAL LIABILITIES	$2.8B
Common Stock	$214M
Additional Paid-In Capital	$2.2B
Retained Earnings	$264M
Treasury Stock	$0
Accum. Other Comp. Income	$114M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$0
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$5.6B
Total Debt	$2.3B
Net Debt	$1.9B