IX Q4 2023 Earnings Report — ORIX Corporation Revenue & Financial Results | Market Cap Arena

ORIX CorporationIX

Q4 2023 Earnings

Reported March 30, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2023	Q3 2023	Q4 2022	QoQ Change	YoY Change
Revenue	$4.2B	$3.9B	$4.1B	6.2%	2.5%
Op. Income	$602M	$557M	$125M	8.0%	381.2%
Gross Margin	42.6%	44.1%	34.9%	-1.5pp	7.7pp
Net Margin	11.7%	14.2%	15.5%	-2.5pp	-3.7pp
EPS (Diluted)	$0.33	$0.48	$0.53	-31.0%	-37.6%
Free Cash Flow	$1.9B	$1.7B	$1.9B	11.8%	1.9%

Revenue Flow

Item	Amount
REVENUE	$4.2B
Cost of Revenue	$2.4B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$922M
Other Expenses	$262M
Operating Expenses	$1.2B
Cost & Expenses	$3.6B
OPERATING INCOME	$602M
Interest Income	$505M
Interest Expense	$244M
Other Income/Expenses	$63M
INCOME BEFORE TAX	$665M
Income Tax Expense	$165M
Net Income from Continuing Ops	$500M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$491M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$491M
D&A	$558M
EBIT	$1.1B
EBITDA	$1.7B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$4.2B
Cost of Revenue	$2.4B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$922M
Other Expenses	$262M
Operating Expenses	$1.2B
Cost & Expenses	$3.6B
OPERATING INCOME	$602M
Interest Income	$505M
Interest Expense	$244M
Other Income/Expenses	$63M
INCOME BEFORE TAX	$665M
Income Tax Expense	$165M
Net Income from Continuing Ops	$500M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$491M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$491M
D&A	$558M
EBIT	$1.1B
EBITDA	$1.7B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$492M
Depreciation & Amortization	$558M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$945M
Change in Working Capital	$103M
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$180M
Acquisitions (Net)	-$1.2B
Purchases of Investments	-$2.7B
Sales/Maturities of Investments	$1.0B
Other Investing Activities	$206M
NET CASH FROM INVESTING	-$2.8B
Net Debt Issuance	$3.0B
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$405M
NET CASH FROM FINANCING	$2.6B
FREE CASH FLOW	$1.9B
Net Change in Cash	$1.9B

Balance Sheet

Item	Amount
Cash & Equivalents	$7.7B
Short-Term Investments	$27M
Net Receivables	$34.0B
Inventory	$1.1B
Other Current Assets	$1.2B
TOTAL CURRENT ASSETS	$44.1B
PP&E (Net)	$6.1B
Goodwill	$3.9B
Intangible Assets	$3.7B
Long-Term Investments	$23.6B
Tax Assets	$0
Other Non-Current Assets	$14.4B
TOTAL NON-CURRENT ASSETS	$51.7B
TOTAL ASSETS	$95.8B
Account Payables	$2.3B
Short-Term Debt	$3.2B
Deferred Revenue	$0
Other Current Liabilities	$584M
TOTAL CURRENT LIABILITIES	$6.1B
Long-Term Debt	$32.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$32.6B
TOTAL NON-CURRENT LIABILITIES	$67.0B
TOTAL LIABILITIES	$73.1B
Common Stock	$1.4B
Additional Paid-In Capital	$1.5B
Retained Earnings	$19.1B
Treasury Stock	-$760M
Accum. Other Comp. Income	$978M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$22.2B
Minority Interest	$449M
TOTAL EQUITY	$22.6B
TOTAL LIABILITIES & EQUITY	$95.8B
Total Debt	$37.7B
Net Debt	$29.9B