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Edison International (EIX) FY2022 results: revenue $17.2 billion, up 15.5% on the year

Edison International (EIX) reported revenue of $17.2 billion for fiscal 2022, the year ended 31 December 2022, up 15.5% on the year before. Net income was $612 million, down 19.4%, and diluted earnings per share $1.60. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.

Revenue
$17.2 billion
+15.5% on the year
FY2015FY2022
Operating margin
8.6%
9.9% a year earlier
FY2015FY2022
Net income
$612 million
-19.4% on the year
FY2015FY2022
Diluted EPS
$1.60
-20.0% on the year
FY2015FY2022

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2022 · Q2 FY2022 · Q3 FY2022 · Q4 FY2022

Income statement (profit and loss)

$ millionFY2022FY2021FY2020On the yearLast 8 years
Revenue17,22014,90513,578+15.5%
Operating income1,4831,4771,217+0.4%
Operating margin8.6%9.9%9.0%
Interest expense1,169925902+26.4%
Pre-tax income662789566-16.1%
Income tax-162-136-305
Effective tax rate-24.5%-17.2%-53.9%
Net income612759739-19.4%
Net margin3.6%5.1%5.4%
Diluted EPS$1.60$2.00$1.98-20.0%
$ 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

$ millionFY2022FY2021FY2020On the yearLast 8 years
Operating cash flow3,21611.01,263+29,136.4%
Capital expenditure5,7785,5055,484+5.0%
Free cash flow-2,562-5,494-4,221
Free cash flow margin-14.9%-36.9%-31.1%
Cash from investing-5,574-5,151-4,971
Cash from financing2,8815,4453,727-47.1%
Depreciation and amortisation2,6332,2882,029+15.1%
Share-based compensation42.039.029.0+7.7%
Buybacks0.0n/an/a
Dividends paid1,050988928+6.3%
Dividend per share$2.84$2.69$2.58+5.6%
Diluted shares, weighted383m380m374m+0.8%
Shares outstanding at period end382m380m379m+0.5%

Balance sheet

$ millionFY2022FY2021FY2020On the yearLast 8 years
Shareholders' equity15,62115,88814,048-1.7%
Non-controlling interest1,9011,9011,9010.0%
Debt31,65427,60123,059+14.7%
Operating lease liabilities9361,350873-30.7%
Other liabilities27,92928,00529,491-0.3%
Total liabilities and equity78,04174,74569,372+4.4%
Fixed assets53,48650,70047,839+5.5%
Investments5.012.0n/a-58.3%
Cash and equivalents91439087.0+134.4%
Receivables1,6951,3981,130+21.2%
Inventory474420405+12.9%
Other assets21,46721,82519,911-1.6%
Total assets78,04174,74569,372+4.4%

10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.