TK FY 2023 Earnings Report — Teekay Corporation Revenue & Financial Results | Market Cap Arena

Teekay CorporationTK

FY 2023 Earnings

Reported March 15, 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	$1.5B	—	—	—	—
Op. Income	$532M	—	—	—	—
Gross Margin	39.6%	—	—	—	—
Net Margin	10.3%	—	—	—	—
EPS (Diluted)	$1.54	—	—	—	—
Free Cash Flow	$620M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$884M
GROSS PROFIT	$581M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$58M
SG&A Expenses	$58M
Other Expenses	-$9M
Operating Expenses	$49M
Cost & Expenses	$933M
OPERATING INCOME	$532M
Interest Income	$24M
Interest Expense	$28M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$530M
Income Tax Expense	$12M
Net Income from Continuing Ops	$517M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$151M
Net Income Deductions	$2M
BOTTOM LINE NET INCOME	$149M
D&A	$98M
EBIT	$558M
EBITDA	$655M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$884M
GROSS PROFIT	$581M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$58M
SG&A Expenses	$58M
Other Expenses	-$9M
Operating Expenses	$49M
Cost & Expenses	$933M
OPERATING INCOME	$532M
Interest Income	$24M
Interest Expense	$28M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$530M
Income Tax Expense	$12M
Net Income from Continuing Ops	$517M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$151M
Net Income Deductions	$2M
BOTTOM LINE NET INCOME	$149M
D&A	$98M
EBIT	$558M
EBITDA	$655M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$151M
Depreciation & Amortization	$98M
Stock-Based Compensation	$0
Deferred Income Tax	-$4M
Other Non-Cash Items	$380M
Change in Working Capital	$6M
OPERATING CASH FLOW	$630M
Capital Expenditure	-$10M
Acquisitions (Net)	$24M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$41M
NET CASH FROM INVESTING	$55M
Net Debt Issuance	-$420M
Common Stock Repurchased	-$55M
Common Dividends Paid	$0
Other Financing Activities	-$44M
NET CASH FROM FINANCING	-$520M
FREE CASH FLOW	$620M
Net Change in Cash	$164M

Balance Sheet

Item	Amount
Cash & Equivalents	$480M
Short-Term Investments	$173M
Net Receivables	$188M
Inventory	$53M
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$922M
PP&E (Net)	$1.2B
Goodwill	$2M
Intangible Assets	$22M
Long-Term Investments	$16M
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.2B
Account Payables	$34M
Short-Term Debt	$0
Deferred Revenue	$3M
Other Current Liabilities	$3M
TOTAL CURRENT LIABILITIES	$173M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$48M
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$223M
TOTAL LIABILITIES	$396M
Common Stock	$945M
Additional Paid-In Capital	$0
Retained Earnings	-$213M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$732M
Minority Interest	$1.1B
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$227M
Net Debt	-$253M