Eversource Energy (ES) FY2022 results: revenue $12.3 billion, up 24.6% on the year
Eversource Energy (ES) reported revenue of $12.3 billion for fiscal 2022, the year ended 31 December 2022, up 24.6% on the year before. Net income was $1.4 billion, up 15.0%, and diluted earnings per share $4.05. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2023.
Revenue
$12.3 billion
+24.6% on the year
FY2015FY2022
Operating margin
17.9%
20.2% a year earlier
FY2015FY2022
Net income
$1.4 billion
+15.0% on the year
FY2015FY2022
Diluted EPS
$4.05
+14.4% 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
2,401
1,963
1,683
+22.4%
Capital expenditure
3,442
3,175
2,943
+8.4%
Free cash flow
-1,041
-1,212
-1,260
Free cash flow margin
-8.5%
-12.3%
-14.2%
Cash from investing
-4,130
-3,447
-4,129
Cash from financing
2,030
1,441
2,595
+40.9%
Depreciation and amortisation
1,643
1,335
1,159
+23.1%
Share-based compensation
33.4
28.2
33.9
+18.4%
Dividends paid
860
805
745
+6.8%
Dividend per share
$2.55
$2.41
$2.27
+5.8%
Diluted shares, weighted
347m
345m
340m
+0.8%
Shares outstanding at period end
348m
344m
343m
+1.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
15,473
14,600
14,064
+6.0%
Debt
22,940
20,219
16,179
+13.5%
Operating lease liabilities
47.9
37.2
45.7
+28.8%
Finance lease liabilities
54.2
55.4
57.6
-2.2%
Other liabilities
14,716
13,581
15,754
+8.4%
Total liabilities and equity
53,231
48,492
46,100
+9.8%
Goodwill
4,523
4,477
4,446
+1.0%
Investments
367
460
457
-20.4%
Cash and equivalents
375
66.8
265
+460.8%
Receivables
1,517
1,226
1,196
+23.7%
Other assets
46,450
42,262
39,736
+9.9%
Total assets
53,231
48,492
46,100
+9.8%
10-K for the year ended 31 December 2022, filed 15 February 2023: the filing.