Eversource Energy (ES) FY2023 results: revenue $11.9 billion, down 3.1% on the year
Eversource Energy (ES) reported revenue of $11.9 billion for fiscal 2023, the year ended 31 December 2023, down 3.1% on the year before. Net income was -$435 million, and diluted earnings per share $-1.26. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2024.
Revenue
$11.9 billion
-3.1% on the year
FY2016FY2023
Operating margin
20.1%
17.9% a year earlier
FY2016FY2023
Net income
-$435 million
FY2016FY2023
Diluted EPS
-$1.26
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,646
2,401
1,963
-31.4%
Capital expenditure
4,337
3,442
3,175
+26.0%
Free cash flow
-2,691
-1,041
-1,212
Free cash flow margin
-22.6%
-8.5%
-12.3%
Cash from investing
-4,871
-4,130
-3,447
Cash from financing
2,869
2,030
1,441
+41.3%
Depreciation and amortisation
816
1,643
1,335
-50.4%
Share-based compensation
27.8
33.4
28.2
-16.8%
Dividends paid
919
860
805
+6.9%
Dividend per share
$2.70
$2.55
$2.41
+5.9%
Diluted shares, weighted
350m
347m
345m
+0.7%
Shares outstanding at period end
350m
348m
344m
+0.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
14,174
15,473
14,600
-8.4%
Debt
24,413
22,940
20,219
+6.4%
Operating lease liabilities
44.0
47.9
37.2
-8.1%
Finance lease liabilities
67.3
54.2
55.4
+24.2%
Other liabilities
16,914
14,716
13,581
+14.9%
Total liabilities and equity
55,612
53,231
48,492
+4.5%
Goodwill
4,532
4,523
4,477
+0.2%
Investments
338
367
460
-7.8%
Cash and equivalents
53.9
375
66.8
-85.6%
Receivables
1,432
1,517
1,226
-5.6%
Other assets
49,257
46,450
42,262
+6.0%
Total assets
55,612
53,231
48,492
+4.5%
10-K for the year ended 31 December 2023, filed 14 February 2024: the filing.