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Peabody Energy (BTU) FY2024 results: revenue $4.2 billion, down 14.4% on the year

Peabody Energy Corp. (BTU) reported revenue of $4.2 billion for fiscal 2024, the year ended 31 December 2024, down 14.4% on the year before. Net income was $371 million, down 51.2%, and diluted earnings per share $2.70. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.

Revenue
$4.2 billion
-14.4% on the year
FY2016FY2024
Operating margin
10.5%
21.7% a year earlier
FY2016FY2024
Net income
$371 million
-51.2% on the year
FY2016FY2024
Diluted EPS
$2.70
-46.0% on the year
FY2016FY2024

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
Revenue4,2374,9474,982-14.4%
Selling, general and administrative91.090.788.8+0.3%
Operating income4451,0751,382-58.6%
Operating margin10.5%21.7%27.7%
Interest expense46.959.8140-21.6%
Pre-tax income5161,1251,279-54.1%
Income tax109309-38.8-64.8%
Effective tax rate21.1%27.5%-3.0%
Net income3717601,297-51.2%
Net margin8.8%15.4%26.0%
Diluted EPS$2.70$5.00$8.31-46.0%
$ 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 flow6061,0361,174-41.4%
Capital expenditure401348222+15.2%
Free cash flow205687952-70.1%
Free cash flow margin4.8%13.9%19.1%
Cash from investing-598-343-28.7
Cash from financing-276-460-682
Depreciation and amortisation343321318+6.7%
Share-based compensation7.36.98.4+5.8%
Buybacks1833480.0-47.3%
Dividends paid37.630.60.0+22.9%
Dividend per share$0.30$0.23n/a+33.3%
Diluted shares, weighted142m154m157m-8.0%
Shares outstanding at period endn/a129m144m

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity3,6503,5473,231+2.9%
Non-controlling interest58.360.563.5-3.6%
Debt348334334+4.2%
Operating lease liabilities86.747.711.0+81.8%
Finance lease liabilities9.38.8n/a+5.7%
Other liabilities1,8011,9641,971-8.3%
Total liabilities and equity5,9545,9625,611-0.1%
Fixed assets3,0822,8442,865+8.3%
Cash and equivalents7009691,307-27.7%
Receivables359390466-7.8%
Inventory393352296+11.8%
Other assets1,4191,407677+0.8%
Total assets5,9545,9625,611-0.1%

10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.