The company said its full-year 2023 non-GAAP operating earnings were $1,602.8 million ($6.55 per share), and that for Q4 they were $440.5 million ($1.83 per share). Full-year net income was $623.2 million, and for Q4 the company posted a net loss of $871.7 million.

1. 01

   The company said its full-year 2023 non-GAAP operating earnings were $1,602.8 million ($6.55 per share), and that for Q4 they were $440.5 million ($1.83 per share). Full-year net income was $623.2 million, and for Q4 the company posted a net loss of $871.7 million.

2. 02

   The company said full-year net income included $892 million of losses from exited business, and the net loss for Q4 included $1,171 million of losses from exited business. Excluding these items, non-GAAP net income was $1,514.9 million for the full year and $299.1 million for Q4.

3. 03

   The company said it returned $1.3 billion to shareholders over the full year 2023, and $409.6 million in Q4. Its Board of Directors raised the quarterly dividend to $0.69 per share for Q1 2024 and approved a new share repurchase authorization of $1.5 billion.

4. 04

   The company said it expects non-GAAP EPS growth of 9 to 12% for 2024 compared with 2023, reflecting macroeconomic assumptions as of December 31, 2023. It said its long-term targets are unchanged at 9 to 12% annual EPS growth, 75 to 85% free capital flow conversion and 14 to 16% non-GAAP ROE.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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

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