Consolidated Edison (ED) FY2021 results: revenue $13.7 billion, up 11.7% on the year
Consolidated Edison Inc. (ED) reported revenue of $13.7 billion for fiscal 2021, the year ended 31 December 2021, up 11.7% on the year before. Net income was $1.3 billion, up 22.3%, and diluted earnings per share $3.85. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$13.7 billion
+11.7% on the year
FY2014FY2021
Operating margin
20.7%
21.7% a year earlier
FY2014FY2021
Net income
$1.3 billion
+22.3% on the year
FY2014FY2021
Diluted EPS
$3.85
+17.4% 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
2,733
2,198
3,134
+24.3%
Capital expenditure
3,964
4,085
3,676
-3.0%
Free cash flow
-1,231
-1,887
-542
Free cash flow margin
-9.0%
-15.4%
-4.3%
Cash from investing
-3,484
-4,224
-3,782
Cash from financing
461
2,245
859
-79.5%
Depreciation and amortisation
2,032
1,920
1,684
+5.8%
Share-based compensation
35.0
17.0
47.0
+105.9%
Buybacks
0.0
n/a
n/a
Dividends paid
1,030
975
924
+5.6%
Dividend per share
$3.10
$3.06
$2.96
+1.3%
Diluted shares, weighted
349m
336m
330m
+4.1%
Shares outstanding at period end
354m
342m
333m
+3.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
20,037
18,847
18,022
+6.3%
Non-controlling interest
299
218
191
+37.2%
Debt
24,532
24,219
21,665
+1.3%
Operating lease liabilities
717
764
809
-6.2%
Finance lease liabilities
2.0
2.0
1.0
0.0%
Other liabilities
17,529
18,845
17,391
-7.0%
Total liabilities and equity
63,116
62,895
58,079
+0.4%
Fixed assets
48,596
46,555
43,889
+4.4%
Goodwill
439
446
446
-1.6%
Intangible assets
1,293
1,460
1,557
-11.4%
Investments
853
1,816
2,065
-53.0%
Cash and equivalents
992
1,272
981
-22.0%
Receivables
1,943
1,701
1,236
+14.2%
Other assets
9,000
9,645
7,905
-6.7%
Total assets
63,116
62,895
58,079
+0.4%
10-K for the year ended 31 December 2021, filed 17 February 2022: the filing.