Duke Energy (DUK) FY2024 results: revenue $30.4 billion, up 4.5% on the year
Duke Energy Corp. (DUK) reported revenue of $30.4 billion for fiscal 2024, the year ended 31 December 2024, up 4.5% on the year before. Net income was $4.5 billion, up 59.2%, and diluted earnings per share $5.71. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$30.4 billion
+4.5% on the year
FY2017FY2024
Operating margin
26.1%
24.3% a year earlier
FY2017FY2024
Net income
$4.5 billion
+59.2% on the year
FY2017FY2024
Diluted EPS
$5.71
+61.3% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
12,328
9,878
5,927
+24.8%
Capital expenditure
12,280
12,604
11,367
-2.6%
Free cash flow
48.0
-2,726
-5,440
Free cash flow margin
0.2%
-9.4%
-18.9%
Cash from investing
-13,123
-12,475
-11,973
Cash from financing
859
2,351
6,129
-63.5%
Depreciation and amortisation
6,419
6,084
5,843
+5.5%
Share-based compensation
96.0
97.0
100
-1.0%
Dividends paid
3,213
3,244
3,179
-1.0%
Dividend per share
$4.14
$4.06
$3.98
+2.0%
Diluted shares, weighted
772m
771m
770m
+0.1%
Shares outstanding at period end
776m
771m
770m
+0.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
50,127
49,112
49,322
+2.1%
Non-controlling interest
1,129
1,075
2,531
+5.0%
Debt
84,273
79,540
73,703
+6.0%
Operating lease liabilities
957
917
876
+4.4%
Finance lease liabilities
524
524
611
0.0%
Other liabilities
49,333
45,725
51,043
+7.9%
Total liabilities and equity
186,343
176,893
178,086
+5.3%
Fixed assets
121,626
115,315
111,748
+5.5%
Goodwill
19,010
19,303
19,303
-1.5%
Intangible assets
277
282
265
-1.8%
Securities held for sale or to maturity
3,326
3,003
2,815
+10.8%
Cash and equivalents
314
253
409
+24.1%
Receivables
1,889
3,019
3,106
-37.4%
Other assets
39,901
35,718
40,440
+11.7%
Total assets
186,343
176,893
178,086
+5.3%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.