The company said sales and revenues for 2023 were $67.060 billion, an increase of $7.633 billion, or 13%, from $59.427 billion in 2022. It cited favorable price realization and higher sales volume as the reasons for the increase.

1. 01

   The company said sales and revenues for 2023 were $67.060 billion, an increase of $7.633 billion, or 13%, from $59.427 billion in 2022. It cited favorable price realization and higher sales volume as the reasons for the increase.

2. 02

   The company said its operating profit margin was 19.3% in 2023, compared with 13.3% in 2022, and its adjusted operating profit margin was 20.5%, compared with 15.4% in 2022. Operating profit was $12.966 billion.

3. 03

   The company said profit per share for 2023 was $20.12 (adjusted $21.21), compared with $12.64 (adjusted $13.84) in 2022. It also said enterprise operating cash flow for 2023 was $12.9 billion, and year-end enterprise cash was $7.0 billion.

4. 04

   The company said it expects full-year 2024 sales and revenues to be broadly similar to 2023. It also said it expects restructuring costs of $300 million to $450 million and capital expenditures of $2.0 billion to $2.5 billion.

Key figures

Fiscal year ended December 31, 2023

Revenue

$67.1B

Operating income

$13.0B

Net income

$10.3B

EPS

$20.12

Operating cash flow

$12.9B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.