Dominion Energy (D) FY2023 results: revenue $14.4 billion, up 3.3% on the year
Dominion Energy, Inc. (D) reported revenue of $14.4 billion for fiscal 2023, the year ended 31 December 2023, up 3.3% on the year before. Net income was $2.0 billion, up 64.7%, and diluted earnings per share $2.25. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$14.4 billion
+3.3% on the year
FY2016FY2023
Operating margin
23.7%
10.4% a year earlier
FY2016FY2023
Net income
$2.0 billion
+64.7% on the year
FY2016FY2023
Diluted EPS
$2.25
+106.4% 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
6,572
3,700
4,037
+77.6%
Capital expenditure
10,235
7,758
6,061
+31.9%
Free cash flow
-3,663
-4,058
-2,024
Free cash flow margin
-25.4%
-29.1%
-17.7%
Cash from investing
-7,207
-6,746
-6,247
Cash from financing
595
2,979
2,371
-80.0%
Depreciation and amortisation
2,580
2,442
2,117
+5.7%
Share-based compensation
44.0
36.0
42.0
+22.2%
Dividends paid
2,233
2,209
2,036
+1.1%
Dividend per share
$2.67
$2.67
$2.52
0.0%
Diluted shares, weighted
836m
825m
808m
+1.4%
Shares outstanding at period end
838m
835m
810m
+0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
27,529
27,659
27,308
-0.5%
Non-controlling interest
0.0
0.0
n/a
Redeemable equity
n/a
0.0
1,610
Short-term borrowings
3,956
n/a
n/a
Debt
40,206
45,678
40,581
-12.0%
Operating lease liabilities
627
514
464
+22.0%
Finance lease liabilities
203
104
112
+95.2%
Other liabilities
36,511
30,840
29,515
+18.4%
Total liabilities and equity
109,032
104,795
99,590
+4.0%
Fixed assets
58,780
52,312
48,901
+12.4%
Goodwill
4,143
4,143
4,253
0.0%
Intangible assets
945
813
712
+16.2%
Investments
7,538
6,577
8,447
+14.6%
Cash and equivalents
184
119
249
+54.6%
Receivables
2,251
2,157
1,643
+4.4%
Inventory
1,698
1,528
1,631
+11.1%
Other assets
33,493
37,146
33,754
-9.8%
Total assets
109,032
104,795
99,590
+4.0%
10-K for the year ended 31 December 2023, filed 23 February 2024: the filing.