The company said its annual revenue rose to $2,681.4 million in 2023, an increase of $184.4 million (7.4%) from $2,497.0 million in 2022. It said its recent acquisitions of Morning Data, Mavera and Krug added $32.4 million to net revenues, and that the prior-year revenues of $60.0 million from 3E and the Financial Services segment, which were sold, partly offset the increase.

1. 01

   The company said its annual revenue rose to $2,681.4 million in 2023, an increase of $184.4 million (7.4%) from $2,497.0 million in 2022. It said its recent acquisitions of Morning Data, Mavera and Krug added $32.4 million to net revenues, and that the prior-year revenues of $60.0 million from 3E and the Financial Services segment, which were sold, partly offset the increase.

2. 02

   The company sold its Energy business to Veritas Capital on February 1, 2023, receiving net cash of $3,066.4 million at closing, plus up to $200.0 million in additional contingent cash consideration tied to Veritas Capital's return on its investment. It said it recognized a loss of $128.4 million at closing and that closing adjustments added a net loss of $2.7 million.

3. 03

   The company said net cash provided by investing activities was $2,746.5 million in 2023, mainly from the $3,066.4 million proceeds from the sale of the Energy business. It said this was partly offset by capital expenditures of $230.0 million and acquisition spending, including escrow funding, of $87.1 million.

4. 04

   The company said net cash used in financing activities was $3,786.5 million in 2023, mainly from share repurchases of $2,799.8 million, debt repayments under its revolving credit and bilateral credit facilities of $1,265.0 million, and dividend payments of $196.8 million. It said these were partly offset by proceeds from the issuance of its 2033 Senior Notes of $495.2 million and proceeds from stock options exercised of $141.9 million.

Key figures

Fiscal year ended December 31, 2023

Revenue

$2.7B

Operating income

$1.1B

Net income

$615M

EPS

$4.17

Operating cash flow

$1.1B

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.