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Ameren (AEE) FY2024 results: revenue $7.6 billion, up 1.6% on the year

Ameren Corp. (AEE) reported revenue of $7.6 billion for fiscal 2024, the year ended 31 December 2024, up 1.6% on the year before. Net income was $1.2 billion, up 2.6%, and diluted earnings per share $4.42. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2025.

Revenue
$7.6 billion
+1.6% on the year
FY2017FY2024
Operating margin
19.9%
20.8% a year earlier
FY2017FY2024
Net income
$1.2 billion
+2.6% on the year
FY2017FY2024
Diluted EPS
$4.42
+0.9% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue7,6237,5007,957+1.6%
Operating income1,5161,5581,515-2.7%
Operating margin19.9%20.8%19.0%
Interest expense663566486+17.1%
Pre-tax income1,2701,3401,255-5.2%
Income tax83.0183176-54.6%
Effective tax rate6.5%13.7%14.0%
Net income1,1821,1521,074+2.6%
Net margin15.5%15.4%13.5%
Diluted EPS$4.42$4.38$4.14+0.9%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow2,7632,5642,263+7.8%
Capital expenditure4,3193,5973,351+20.1%
Free cash flow-1,556-1,033-1,088
Free cash flow margin-20.4%-13.8%-13.7%
Cash from investing-4,456-3,798-3,370
Cash from financing1,7491,2901,168+35.6%
Depreciation and amortisation1,5241,4321,373+6.4%
Share-based compensation28.026.024.0+7.7%
Dividends paid714662610+7.9%
Dividend per share$2.68$2.52$2.36+6.3%
Diluted shares, weighted267m263m260m+1.5%
Shares outstanding at period end270m266m262m+1.4%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity12,11411,34910,508+6.7%
Non-controlling interest1291291290.0%
Debt18,72216,50615,095+13.4%
Operating lease liabilities67.0n/an/a
Other liabilities13,56612,84612,172+5.6%
Total liabilities and equity44,59840,83037,904+9.2%
Fixed assets36,30433,77631,262+7.5%
Goodwill4114114110.0%
Securities held for sale or to maturity422354329+19.2%
Cash and equivalents7.025.010.0-72.0%
Receivables525494600+6.3%
Inventory762733667+4.0%
Other assets6,1675,0374,625+22.4%
Total assets44,59840,83037,904+9.2%

10-K for the year ended 31 December 2024, filed 18 February 2025: the filing.