Duke Energy (DUK) FY2023 results: revenue $29.1 billion, up 1.0% on the year
Duke Energy Corp. (DUK) reported revenue of $29.1 billion for fiscal 2023, the year ended 31 December 2023, up 1.0% on the year before. Net income was $2.8 billion, up 11.4%, and diluted earnings per share $3.54. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$29.1 billion
+1.0% on the year
FY2016FY2023
Operating margin
24.3%
20.9% a year earlier
FY2016FY2023
Net income
$2.8 billion
+11.4% on the year
FY2016FY2023
Diluted EPS
$3.54
+11.7% 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
9,878
5,927
8,290
+66.7%
Capital expenditure
12,604
11,367
9,715
+10.9%
Free cash flow
-2,726
-5,440
-1,425
Free cash flow margin
-9.4%
-18.9%
-5.8%
Cash from investing
-12,475
-11,973
-10,935
Cash from financing
2,351
6,129
2,609
-61.6%
Depreciation and amortisation
6,084
5,843
5,663
+4.1%
Share-based compensation
97.0
100
88.0
-3.0%
Dividends paid
3,244
3,179
3,114
+2.0%
Dividend per share
$4.06
$3.98
$3.90
+2.0%
Diluted shares, weighted
771m
770m
769m
+0.1%
Shares outstanding at period end
771m
770m
769m
+0.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
49,112
49,322
49,296
-0.4%
Non-controlling interest
1,075
2,531
1,840
-57.5%
Short-term borrowings
n/a
n/a
3,304
Debt
79,540
73,703
63,835
+7.9%
Operating lease liabilities
917
876
940
+4.7%
Finance lease liabilities
524
611
764
-14.2%
Other liabilities
45,725
51,043
49,608
-10.4%
Total liabilities and equity
176,893
178,086
169,587
-0.7%
Fixed assets
115,315
111,748
105,536
+3.2%
Goodwill
19,303
19,303
19,303
0.0%
Intangible assets
282
265
236
+6.4%
Securities held for sale or to maturity
3,003
2,815
3,191
+6.7%
Cash and equivalents
253
409
341
-38.1%
Receivables
3,019
3,106
2,437
-2.8%
Other assets
35,718
40,440
38,543
-11.7%
Total assets
176,893
178,086
169,587
-0.7%
10-K for the year ended 31 December 2023, filed 23 February 2024: the filing.