Duke Energy (DUK) FY2021 results: revenue $24.6 billion, up 5.4% on the year
Duke Energy Corp. (DUK) reported revenue of $24.6 billion for fiscal 2021, the year ended 31 December 2021, up 5.4% on the year before. Net income was $3.9 billion, up 183.8%, and diluted earnings per share $4.94. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$24.6 billion
+5.4% on the year
FY2014FY2021
Operating margin
22.3%
19.6% a year earlier
FY2014FY2021
Net income
$3.9 billion
+183.8% on the year
FY2014FY2021
Diluted EPS
$4.94
+187.2% on the year
FY2014FY2021
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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
8,290
8,856
8,209
-6.4%
Capital expenditure
9,715
9,907
11,122
-1.9%
Free cash flow
-1,425
-1,051
-2,913
Free cash flow margin
-5.8%
-4.5%
-11.6%
Cash from investing
-10,935
-10,604
-11,957
Cash from financing
2,609
1,731
3,730
+50.7%
Depreciation and amortisation
5,663
5,486
5,176
+3.2%
Share-based compensation
88.0
84.0
89.0
+4.8%
Dividends paid
3,114
2,812
2,668
+10.7%
Dividend per share
$3.90
$3.82
$3.75
+2.1%
Diluted shares, weighted
769m
738m
729m
+4.2%
Shares outstanding at period end
769m
769m
733m
0.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
49,296
47,964
46,822
+2.8%
Non-controlling interest
1,840
1,220
1,129
+50.8%
Short-term borrowings
3,304
2,873
3,135
+15.0%
Debt
63,835
59,863
58,126
+6.6%
Operating lease liabilities
940
1,340
1,432
-29.9%
Finance lease liabilities
764
716
850
+6.7%
Other liabilities
49,608
48,412
47,344
+2.5%
Total liabilities and equity
169,587
162,388
158,838
+4.4%
Fixed assets
105,536
106,782
102,127
-1.2%
Goodwill
19,303
19,303
19,303
0.0%
Intangible assets
236
295
249
-20.0%
Securities held for sale or to maturity
3,191
3,002
2,626
+6.3%
Cash and equivalents
341
259
311
+31.7%
Receivables
2,437
2,144
1,994
+13.7%
Other assets
38,543
30,603
32,228
+25.9%
Total assets
169,587
162,388
158,838
+4.4%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.