Consolidated Edison (ED) FY2024 results: revenue $15.3 billion, up 4.0% on the year
Consolidated Edison Inc. (ED) reported revenue of $15.3 billion for fiscal 2024, the year ended 31 December 2024, up 4.0% on the year before. Net income was $1.8 billion, down 27.7%, and diluted earnings per share $5.24. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$15.3 billion
+4.0% on the year
FY2017FY2024
Operating margin
17.5%
21.8% a year earlier
FY2017FY2024
Net income
$1.8 billion
-27.7% on the year
FY2017FY2024
Diluted EPS
$5.24
-27.3% 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
3,614
2,156
3,935
+67.6%
Capital expenditure
n/a
n/a
4,465
Free cash flow
n/a
n/a
-530
Free cash flow margin
n/a
n/a
-3.4%
Cash from investing
-5,273
-1,003
-4,565
Cash from financing
1,797
-1,488
1,014
Depreciation and amortisation
2,155
2,031
2,056
+6.1%
Share-based compensation
35.0
53.0
64.0
-34.0%
Buybacks
0.0
1,000
0.0
Dividends paid
1,100
1,096
1,089
+0.4%
Dividend per share
$3.32
$3.24
$3.16
+2.5%
Diluted shares, weighted
347m
349m
356m
-0.6%
Shares outstanding at period end
347m
345m
355m
+0.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
21,962
21,158
20,687
+3.8%
Non-controlling interest
n/a
0.0
202
Debt
27,321
24,465
23,836
+11.7%
Operating lease liabilities
386
429
476
-10.0%
Finance lease liabilities
3.0
1.0
2.0
+200.0%
Other liabilities
20,890
20,278
23,862
+3.0%
Total liabilities and equity
70,562
66,331
69,065
+6.4%
Fixed assets
52,165
49,608
46,766
+5.2%
Goodwill
408
408
408
0.0%
Intangible assets
n/a
n/a
0.0
Investments
1,126
999
841
+12.7%
Cash and equivalents
1,324
1,189
1,282
+11.4%
Receivables
2,440
2,418
2,192
+0.9%
Other assets
13,099
11,709
17,576
+11.9%
Total assets
70,562
66,331
69,065
+6.4%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.