Duke Energy (DUK) FY2022 results: revenue $28.8 billion, up 16.8% on the year
Duke Energy Corp. (DUK) reported revenue of $28.8 billion for fiscal 2022, the year ended 31 December 2022, up 16.8% on the year before. Net income was $2.5 billion, down 34.7%, and diluted earnings per share $3.17. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2023.
Revenue
$28.8 billion
+16.8% on the year
FY2015FY2022
Operating margin
20.9%
22.3% a year earlier
FY2015FY2022
Net income
$2.5 billion
-34.7% on the year
FY2015FY2022
Diluted EPS
$3.17
-35.8% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
5,927
8,290
8,856
-28.5%
Capital expenditure
11,367
9,715
9,907
+17.0%
Free cash flow
-5,440
-1,425
-1,051
Free cash flow margin
-18.9%
-5.8%
-4.5%
Cash from investing
-11,973
-10,935
-10,604
Cash from financing
6,129
2,609
1,731
+134.9%
Depreciation and amortisation
5,843
5,663
5,486
+3.2%
Share-based compensation
100
88.0
84.0
+13.6%
Dividends paid
3,179
3,114
2,812
+2.1%
Dividend per share
$3.98
$3.90
$3.82
+2.1%
Diluted shares, weighted
770m
769m
738m
+0.1%
Shares outstanding at period end
770m
769m
769m
+0.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
49,322
49,296
47,964
+0.1%
Non-controlling interest
2,531
1,840
1,220
+37.6%
Short-term borrowings
n/a
3,304
2,873
Debt
73,703
63,835
59,863
+15.5%
Operating lease liabilities
876
940
1,340
-6.8%
Finance lease liabilities
611
764
716
-20.0%
Other liabilities
51,043
49,608
48,412
+2.9%
Total liabilities and equity
178,086
169,587
162,388
+5.0%
Fixed assets
111,748
105,536
106,782
+5.9%
Goodwill
19,303
19,303
19,303
0.0%
Intangible assets
265
236
295
+12.3%
Securities held for sale or to maturity
2,815
3,191
3,002
-11.8%
Cash and equivalents
409
341
259
+19.9%
Receivables
3,106
2,437
2,144
+27.5%
Other assets
40,440
38,543
30,603
+4.9%
Total assets
178,086
169,587
162,388
+5.0%
10-K for the year ended 31 December 2022, filed 27 February 2023: the filing.