Consolidated Edison (ED) FY2022 results: revenue $15.7 billion, up 14.6% on the year
Consolidated Edison Inc. (ED) reported revenue of $15.7 billion for fiscal 2022, the year ended 31 December 2022, up 14.6% on the year before. Net income was $1.7 billion, up 23.3%, and diluted earnings per share $4.66. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2023.
Revenue
$15.7 billion
+14.6% on the year
FY2015FY2022
Operating margin
16.7%
20.7% a year earlier
FY2015FY2022
Net income
$1.7 billion
+23.3% on the year
FY2015FY2022
Diluted EPS
$4.66
+21.0% 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
3,935
2,733
2,198
+44.0%
Capital expenditure
4,465
3,964
4,085
+12.6%
Free cash flow
-530
-1,231
-1,887
Free cash flow margin
-3.4%
-9.0%
-15.4%
Cash from investing
-4,565
-3,484
-4,224
Cash from financing
1,014
461
2,245
+120.0%
Depreciation and amortisation
2,056
2,032
1,920
+1.2%
Share-based compensation
64.0
35.0
17.0
+82.9%
Buybacks
0.0
0.0
n/a
Dividends paid
1,089
1,030
975
+5.7%
Dividend per share
$3.16
$3.10
$3.06
+1.9%
Diluted shares, weighted
356m
349m
336m
+1.8%
Shares outstanding at period end
355m
354m
342m
+0.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
20,687
20,037
18,847
+3.2%
Non-controlling interest
202
299
218
-32.4%
Debt
23,836
24,532
24,219
-2.8%
Operating lease liabilities
476
717
764
-33.6%
Finance lease liabilities
2.0
2.0
2.0
0.0%
Other liabilities
23,862
17,529
18,845
+36.1%
Total liabilities and equity
69,065
63,116
62,895
+9.4%
Fixed assets
46,766
48,596
46,555
-3.8%
Goodwill
408
439
446
-7.1%
Intangible assets
0.0
1,293
1,460
Investments
841
853
1,816
-1.4%
Cash and equivalents
1,282
992
1,272
+29.2%
Receivables
2,192
1,943
1,701
+12.8%
Other assets
17,576
9,000
9,645
+95.3%
Total assets
69,065
63,116
62,895
+9.4%
10-K for the year ended 31 December 2022, filed 16 February 2023: the filing.