Evergy (EVRG) FY2023 results: revenue $5.5 billion, down 6.0% on the year
Evergy, Inc. (EVRG) reported revenue of $5.5 billion for fiscal 2023, the year ended 31 December 2023, down 6.0% on the year before. Net income was $731 million, down 2.8%, and diluted earnings per share $3.17. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$5.5 billion
-6.0% on the year
FY2016FY2023
Operating margin
23.3%
21.6% a year earlier
FY2016FY2023
Net income
$731 million
-2.8% on the year
FY2016FY2023
Diluted EPS
$3.17
-3.1% on the year
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
1,980
1,802
1,352
+9.9%
Capital expenditure
2,334
2,166
1,972
+7.7%
Free cash flow
-354
-365
-621
Free cash flow margin
-6.4%
-6.2%
-11.1%
Cash from investing
-2,472
-2,152
-1,914
Cash from financing
494
349
443
+41.4%
Depreciation and amortisation
1,076
929
896
+15.8%
Share-based compensation
17.7
18.8
15.6
-5.9%
Buybacks
n/a
n/a
0.0
Dividends paid
570
535
498
+6.5%
Dividend per share
$2.48
$2.33
$2.18
+6.4%
Diluted shares, weighted
230m
230m
230m
+0.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
9,663
9,484
9,244
+1.9%
Non-controlling interest
21.9
9.6
-2.7
+128.1%
Debt
13,147
12,036
11,166
+9.2%
Operating lease liabilities
53.3
60.0
n/a
-11.2%
Finance lease liabilities
47.5
40.8
n/a
+16.4%
Other liabilities
8,043
7,860
8,113
+2.3%
Total liabilities and equity
30,976
29,490
28,520
+5.0%
Fixed assets
23,729
22,136
21,003
+7.2%
Goodwill
2,337
2,337
2,337
0.0%
Cash and equivalents
27.7
25.2
26.2
+9.9%
Receivables
257
315
222
-18.5%
Other assets
4,626
4,676
4,934
-1.1%
Total assets
30,976
29,490
28,520
+5.0%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.