greeksoup/ stock research

Evergy (EVRG) FY2022 results: revenue $5.9 billion, up 4.9% on the year

Evergy, Inc. (EVRG) reported revenue of $5.9 billion for fiscal 2022, the year ended 31 December 2022, up 4.9% on the year before. Net income was $753 million, down 14.4%, and diluted earnings per share $3.27. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.

Revenue
$5.9 billion
+4.9% on the year
FY2016FY2022
Operating margin
21.6%
24.3% a year earlier
FY2016FY2022
Net income
$753 million
-14.4% on the year
FY2016FY2022
Diluted EPS
$3.27
-14.6% on the year
FY2016FY2022

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2022 · Q2 FY2022 · Q3 FY2022 · Q4 FY2022

Income statement (profit and loss)

$ millionFY2022FY2021FY2020On the yearLast 8 years
Revenue5,8595,5874,913+4.9%
Operating income1,2671,3551,144-6.5%
Operating margin21.6%24.3%23.3%
Interest expense404373384+8.4%
Pre-tax income8051,001724-19.6%
Income tax47.5117102-59.5%
Effective tax rate5.9%11.7%14.1%
Net income753880618-14.4%
Net margin12.8%15.7%12.6%
Diluted EPS$3.27$3.83$2.72-14.6%
$ 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

$ millionFY2022FY2021FY2020On the yearLast 8 years
Operating cash flow1,8021,3521,754+33.3%
Capital expenditure2,1661,9721,560+9.8%
Free cash flow-365-621194
Free cash flow margin-6.2%-11.1%3.9%
Cash from investing-2,152-1,914-1,534
Cash from financing349443-98.4-21.2%
Depreciation and amortisation929896880+3.7%
Share-based compensation18.815.616.0+20.5%
Buybacksn/a0.00.0
Dividends paid535498465+7.4%
Dividend per share$2.33$2.18$2.05+7.0%
Diluted shares, weighted230m230m228m+0.3%

Balance sheet

$ millionFY2022FY2021FY2020On the yearLast 8 years
Shareholders' equity9,4849,2448,733+2.6%
Non-controlling interest9.6-2.7-14.9
Debt12,03611,1669,627+7.8%
Operating lease liabilities60.0n/an/a
Finance lease liabilities40.8n/a45.3
Other liabilities7,8608,1138,724-3.1%
Total liabilities and equity29,49028,52027,115+3.4%
Fixed assets22,13621,00319,951+5.4%
Goodwill2,3372,3372,3370.0%
Cash and equivalents25.226.2145-3.8%
Receivables315222274+42.3%
Other assets4,6764,9344,408-5.2%
Total assets29,49028,52027,115+3.4%

10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.