Entergy Corp. Q2 FY2023 results: revenue $2.8 billion, down 16.2% on the year

Entergy Corp. (ETR) reported revenue of $2.8 billion for Q2 FY2023, the quarter ended 30 June 2023, down 16.2% on the same quarter a year earlier. Net income was $391 million, up 145.0% on the year, and diluted earnings per share $1.84. The figures are the company's own, from the 10-Q it filed with the SEC on 3 August 2023.

Revenue$2.8 billiondown 16.2%

Net income$391 millionup 145.0%

Diluted EPS$1.84

QuarterQ2 FY2023ended 30 June 2023

The quarter, against the one before and a year earlier

Line	Q2 FY2023	Quarter before	A year earlier	Change on the year
Revenue	2,846	n/a	n/a	n/a
Operating income	756	n/a	n/a	n/a
Operating margin	26.6%	n/a	n/a
Interest expense	251	n/a	n/a	n/a
Pre-tax income	527	n/a	n/a	n/a
Income tax	135	n/a	n/a	n/a
Effective tax rate	25.6%	n/a	n/a
Net income	391	n/a	n/a	n/a
Net margin	13.7%	n/a	n/a
Diluted EPS	$1.84	n/a	n/a	n/a

$ million except per share. Free 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 and capital returned

Line	Q2 FY2023	Quarter before	A year earlier	Change on the year
Operating cash flow	866	n/a	n/a	n/a
Capital expenditure	30.4	n/a	n/a	n/a
Free cash flow	836	n/a	n/a	n/a
Free cash flow margin	29.4%	n/a	n/a
Depreciation and amortisation	564	n/a	n/a	n/a
Dividends paid	226	n/a	n/a	n/a
Dividend per share	$1.07	n/a	n/a	n/a
Diluted shares, weighted	212m	n/a	n/a	n/a
Shares outstanding at period end	211m	n/a	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q2 FY2023	Quarter before	A year earlier	Change on the year
Total assets	59,717	n/a	n/a	n/a
Cash and equivalents	1,194	n/a	n/a	n/a
Receivables	1,430	n/a	n/a	n/a
Goodwill	377	n/a	n/a	n/a
Long-term debt	24,322	n/a	n/a	n/a
Shareholders' equity	13,237	n/a	n/a	n/a

Quarterly results, the last 12 quarters

	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026
Revenue	2,846	3,596	2,725	2,795	2,954	3,389	2,742	2,847	3,329	3,812	2,959	3,188
Operating income	756	1,143	257	238	618	1,126	670	700	837	1,119	546	572
Operating margin	27%	32%	9%	9%	21%	33%	24%	25%	25%	29%	18%	18%
Interest expense	251	255	254	267	290	295	299	330	322	325	360	380
Pre-tax income	527	897	14.9	97.5	85.4	861	398	462	610	904	295	479
Tax rate	26%	25%	-6519%	22%	39%	25%	28%	22%	23%	23%	18%	18%
Net income	391	667	988	75.3	48.9	645	286	361	468	694	236	385
Net margin	14%	19%	36%	3%	2%	19%	10%	13%	14%	18%	8%	12%
Diluted EPS	$1.84	$3.14	$4.65	$0.35	$0.23	$2.99	n/a	$0.82	$1.05	$1.53	$0.51	$0.83
Operating cash flow	866	1,405	1,063	521	1,025	1,562	1,380	536	1,262	2,135	1,218	829
Capital expenditure	30.4	0.0	1,067	961	1,163	1,141	1,573	1,660	2,008	1,889	2,128	2,252
Free cash flow	836	1,405	-3.7	-440	-138	422	-194	-1,124	-747	246	-910	-1,423
Dividends paid	226	226	239	241	241	242	258	258	258	268	289	293
Shares outstanding	211m	214m	430m	431m	446m	214m	430m	431m	446m	447m	453m	458m
Filing	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 June 2023, filed 3 August 2023, accession 0000065984-23-000073: the filing on EDGAR. All of Entergy Corp.'s filings: EDGAR company page.

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