During the fourth fiscal quarter, the Company generated $4,828 million in cash from operations and spent $105 million on capital expenditures.
On September 29, 2023, the Company paid a cash dividend of $4.60 per share, totaling $1,904 million.
The differences between the Company's GAAP and non-GAAP results are described generally under "Non-GAAP Financial Measures" below, and presented in detail in the financial reconciliation tables attached to this release.
Fiscal Year 2023 Financial Highlights
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| GAAP |
| Non-GAAP | ||||||||||||||||
(Dollars in millions, except per share data) |
| FY 23 |
| FY 22 |
| Change |
| FY 23 |
| FY 22 |
| Change | ||||||||
Net revenue |
| $ | 35,819 |
| $ | 33,203 |
| + | 8 | % |
| $ | 35,819 |
| $ | 33,203 |
| + | 8 | % |
Net income |
| $ | 14,082 |
| $ | 11,495 |
| +$ | 2,587 |
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| $ | 18,378 |
| $ | 16,526 |
| +$ | 1,852 |
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Earnings per common share - diluted |
| $ | 32.98 |
| $ | 26.53 |
| +$ | 6.45 |
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| $ | 42.25 |
| $ | 37.64 |
| +$ | 4.61 |
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(Dollars in millions) |
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| FY 23 |
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| FY 22 |
| Change | |
| Cash flow from operations |
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| $ | 18,085 |
| $ | 16,736 |
| +$ | 1,349 |
| Adjusted EBITDA |
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| $ | 23,213 |
| $ | 21,029 |
| +$ | 2,184 |
| Free cash flow |
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| $ | 17,633 |
| $ | 16,312 |
| +$ | 1,321 |
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| Net revenue by segment |
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| (Dollars in millions) |
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| FY 23 |
| FY 22 |
| Change | |||||||||
| Semiconductor solutions |
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| $ | 28,182 |
| 79 | % | $ | 25,818 |
| 78 | % | +9 | % | ||
| Infrastructure software |
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| 7,637 |
| 21 |
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| 7,385 |
| 22 |
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| +3 | % |
| Total net revenue |
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| $ | 35,819 |
| 100 | % |
| $ | 33,203 |
| 100 | % |
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