Chesapeake Utilities (CPK) FY2023 results: revenue $671 million, down 1.5% on the year
Chesapeake Utilities Corp. (CPK) reported revenue of $671 million for fiscal 2023, the year ended 31 December 2023, down 1.5% on the year before. Net income was $87 million, down 2.9%, and diluted earnings per share $4.73. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2024.
Revenue
$671 million
-1.5% on the year
FY2016FY2023
Operating margin
22.5%
21.0% a year earlier
FY2016FY2023
Net income
$87 million
-2.9% on the year
FY2016FY2023
Diluted EPS
$4.73
-6.2% 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
203
159
151
+28.1%
Capital expenditure
189
128
187
+47.0%
Free cash flow
14.9
30.6
-36.4
-51.4%
Free cash flow margin
2.2%
4.5%
-6.4%
Cash from investing
-1,111
-136
-223
Cash from financing
907
-21.2
74.0
Depreciation and amortisation
65.5
69.0
62.7
-5.0%
Share-based compensation
7.6
6.4
5.9
+18.8%
Buybacks
n/a
-4.5
-15.9
Dividends paid
40.0
35.1
31.5
+13.8%
Dividend per share
$2.31
$2.08
$1.88
+10.6%
Diluted shares, weighted
18m
18m
18m
+3.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,246
833
774
+49.6%
Debt
1,386
802
789
+72.7%
Operating lease liabilities
10.6
12.4
8.6
-14.5%
Other liabilities
662
568
543
+16.7%
Total liabilities and equity
3,305
2,215
2,115
+49.2%
Fixed assets
2,456
1,810
1,745
+35.7%
Goodwill
508
46.2
44.7
+999.6%
Intangible assets
16.9
17.9
13.2
-5.4%
Cash and equivalents
4.9
6.2
5.0
-21.0%
Receivables
71.8
62.9
58.5
+14.2%
Other assets
247
271
249
-9.2%
Total assets
3,305
2,215
2,115
+49.2%
10-K for the year ended 31 December 2023, filed 21 February 2024: the filing.