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Centerpoint Energy (CNP) FY2024 results: revenue $8.6 billion, down 0.6% on the year

Centerpoint Energy Inc. (CNP) reported revenue of $8.6 billion for fiscal 2024, the year ended 31 December 2024, down 0.6% on the year before. Net income was $1.0 billion, up 11.1%, and diluted earnings per share $1.58. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.

Revenue
$8.6 billion
-0.6% on the year
FY2017FY2024
Operating margin
23.0%
20.2% a year earlier
FY2017FY2024
Net income
$1.0 billion
+11.1% on the year
FY2017FY2024
Diluted EPS
$1.58
+15.3% 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
Revenue8,6438,6969,321-0.6%
Cost of revenue3.099.0204-97.0%
Gross profit8,6408,5979,117+0.5%
Gross margin100.0%98.9%97.8%
Operating income1,9901,7601,566+13.1%
Operating margin23.0%20.2%16.8%
Interest expense838701524+19.5%
Pre-tax income1,2141,0871,417+11.7%
Income tax195170360+14.7%
Effective tax rate16.1%15.6%25.4%
Net income1,0199171,057+11.1%
Net margin11.8%10.5%11.3%
Diluted EPS$1.58$1.37$1.59+15.3%
$ 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 flow2,1393,8771,810-44.8%
Capital expenditure4,5134,4014,419+2.5%
Free cash flow-2,374-524-2,609
Free cash flow margin-27.5%-6.0%-28.0%
Cash from investing-4,489-4,233-1,628
Cash from financing2,271374-345+507.2%
Depreciation and amortisation1,4391,4011,288+2.7%
Dividends paid522485440+7.6%
Dividend per share$0.83$0.78$0.72+6.4%
Diluted shares, weighted644m633m632m+1.7%
Shares outstanding at period end652m631m630m+3.2%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity10,6669,66710,042+10.3%
Redeemable equityn/a0.03.0
Debt20,96318,61816,856+12.6%
Operating lease liabilities25.010.014.0+150.0%
Other liabilities12,11411,42011,631+6.1%
Total liabilities and equity43,76839,71538,546+10.2%
Fixed assets32,08929,85327,143+7.5%
Goodwill3,9434,1604,294-5.2%
Intangible assetsn/an/a38.0
Investments561541510+3.7%
Cash and equivalents24.090.074.0-73.3%
Receivables717710889+1.0%
Other assets6,4344,3615,598+47.5%
Total assets43,76839,71538,546+10.2%

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