Centerpoint Energy (CNP) FY2023 results: revenue $8.7 billion, down 6.7% on the year
Centerpoint Energy Inc. (CNP) reported revenue of $8.7 billion for fiscal 2023, the year ended 31 December 2023, down 6.7% on the year before. Net income was $917 million, down 13.2%, and diluted earnings per share $1.37. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2024.
Revenue
$8.7 billion
-6.7% on the year
FY2016FY2023
Operating margin
20.2%
16.8% a year earlier
FY2016FY2023
Net income
$917 million
-13.2% on the year
FY2016FY2023
Diluted EPS
$1.37
-13.8% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
3,877
1,810
22.0
+114.2%
Capital expenditure
4,401
4,419
3,164
-0.4%
Free cash flow
-524
-2,609
-3,142
Free cash flow margin
-6.0%
-28.0%
-37.6%
Cash from investing
-4,233
-1,628
-1,851
Cash from financing
374
-345
1,916
Depreciation and amortisation
1,401
1,288
1,316
+8.8%
Dividends paid
485
440
385
+10.2%
Dividend per share
$0.78
$0.72
n/a
+8.3%
Diluted shares, weighted
633m
632m
610m
+0.1%
Shares outstanding at period end
631m
630m
629m
+0.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
9,667
10,042
9,415
-3.7%
Redeemable equity
0.0
3.0
3.0
Debt
18,618
16,856
16,103
+10.5%
Operating lease liabilities
10.0
14.0
17.0
-28.6%
Other liabilities
11,420
11,631
12,141
-1.8%
Total liabilities and equity
39,715
38,546
37,679
+3.0%
Fixed assets
29,853
27,143
23,484
+10.0%
Goodwill
4,160
4,294
4,294
-3.1%
Intangible assets
n/a
38.0
44.0
Investments
541
510
1,439
+6.1%
Cash and equivalents
90.0
74.0
230
+21.6%
Receivables
710
889
690
-20.1%
Other assets
4,361
5,598
7,498
-22.1%
Total assets
39,715
38,546
37,679
+3.0%
10-K for the year ended 31 December 2023, filed 20 February 2024: the filing.