Eversource Energy (ES) FY2021 results: revenue $9.9 billion, up 10.8% on the year
Eversource Energy (ES) reported revenue of $9.9 billion for fiscal 2021, the year ended 31 December 2021, up 10.8% on the year before. Net income was $1.2 billion, up 1.3%, and diluted earnings per share $3.54. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$9.9 billion
+10.8% on the year
FY2014FY2021
Operating margin
20.2%
22.3% a year earlier
FY2014FY2021
Net income
$1.2 billion
+1.3% on the year
FY2014FY2021
Diluted EPS
$3.54
-0.3% 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
1,963
1,683
2,010
+16.6%
Capital expenditure
3,175
2,943
2,911
+7.9%
Free cash flow
-1,212
-1,260
-902
Free cash flow margin
-12.3%
-14.2%
-10.6%
Cash from investing
-3,447
-4,129
-3,274
Cash from financing
1,441
2,595
1,172
-44.5%
Depreciation and amortisation
1,335
1,159
1,081
+15.2%
Share-based compensation
28.2
33.9
27.3
-16.8%
Dividends paid
805
745
663
+8.2%
Dividend per share
$2.41
$2.27
$2.14
+6.2%
Diluted shares, weighted
345m
340m
323m
+1.4%
Shares outstanding at period end
344m
343m
330m
+0.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
14,600
14,064
12,630
+3.8%
Debt
20,219
16,179
14,098
+25.0%
Operating lease liabilities
37.2
45.7
41.3
-18.6%
Finance lease liabilities
55.4
57.6
8.1
-3.8%
Other liabilities
13,581
15,754
14,346
-13.8%
Total liabilities and equity
48,492
46,100
41,124
+5.2%
Goodwill
4,477
4,446
4,427
+0.7%
Investments
460
457
449
+0.8%
Cash and equivalents
66.8
265
15.4
-74.8%
Receivables
1,226
1,196
989
+2.5%
Other assets
42,262
39,736
35,243
+6.4%
Total assets
48,492
46,100
41,124
+5.2%
10-K for the year ended 31 December 2021, filed 17 February 2022: the filing.