The company said its full-year 2023 GAAP net income was $3.273 billion ($2.68 per diluted share), up 60% from 2022, and its adjusted net income was $2.334 billion ($1.91 per share), up 5%.

1. 01

   The company said its full-year 2023 GAAP net income was $3.273 billion ($2.68 per diluted share), up 60% from 2022, and its adjusted net income was $2.334 billion ($1.91 per share), up 5%.

2. 02

   The company said full-year 2023 Adjusted EBITDA rose $361 million to $6.779 billion, but Adjusted EBITDA for Q4 fell $53 million to $1,721 million.

3. 03

   The company said full-year 2023 cash flow from operations rose $1.166 billion to $6.055 billion, and AFFO rose $295 million to $5.213 billion. The company cited the net cash received from the Energy Transfer litigation and changes in working capital as factors behind the increase in cash flow from operations for the year.

4. 04

   The company said it expects Adjusted EBITDA of $6.8 billion to $7.1 billion for 2024 and $7.2 billion to $7.6 billion for 2025. It also said it raised its 2024 dividend by 6.1% to an annualized $1.90.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. 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

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