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Entergy (ETR) FY2024 results: revenue $11.9 billion, down 2.2% on the year

Entergy Corp. (ETR) reported revenue of $11.9 billion for fiscal 2024, the year ended 31 December 2024, down 2.2% on the year before. Net income was $1.1 billion, down 55.2%, and diluted earnings per share $2.45. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2025.

Revenue
$11.9 billion
-2.2% on the year
FY2017FY2024
Operating margin
22.3%
21.6% a year earlier
FY2017FY2024
Net income
$1.1 billion
-55.2% on the year
FY2017FY2024
Diluted EPS
$2.45
-55.9% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue11,88012,14713,764-2.2%
Operating income2,6512,6182,051+1.3%
Operating margin22.3%21.6%14.9%
Interest expense1,1511,006912+14.3%
Pre-tax income1,4421,6721,058-13.7%
Income tax381-691-39.0
Effective tax rate26.4%-41.3%-3.7%
Net income1,0562,3571,103-55.2%
Net margin8.9%19.4%8.0%
Diluted EPS$2.45$5.55$2.69-55.9%
$ 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

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow4,4894,2942,585+4.5%
Capital expenditure4,8384,4415,065+9.0%
Free cash flow-350-146-2,480
Free cash flow margin-2.9%-1.2%-18.0%
Cash from investing-5,849-4,629-5,710
Cash from financing2,0882432,906+759.0%
Depreciation and amortisation2,2332,0521,985+8.8%
Dividends paid982918842+6.9%
Dividend per share$2.30$2.17$2.05+6.0%
Diluted shares, weighted432m425m411m+1.6%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity15,08414,62312,967+3.2%
Non-controlling interest10112097.9-16.1%
Redeemable equity2192192190.0%
Short-term borrowingsn/an/a828
Debt28,91926,24625,933+10.2%
Operating lease liabilities211147n/a+44.1%
Finance lease liabilities96.572.2n/a+33.7%
Other liabilities20,15918,27618,551+10.3%
Total liabilities and equity64,79059,70358,595+8.5%
Fixed assets424419366+1.2%
Goodwill368374377-1.7%
Investments6,4095,6754,992+12.9%
Cash and equivalents860133224+548.6%
Receivables1,3901,3931,495-0.2%
Other assets55,33951,71051,140+7.0%
Total assets64,79059,70358,595+8.5%

10-K for the year ended 31 December 2024, filed 18 February 2025: the filing.