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Evergy (EVRG) FY2024 results: revenue $5.8 billion, up 6.2% on the year

Evergy, Inc. (EVRG) reported revenue of $5.8 billion for fiscal 2024, the year ended 31 December 2024, up 6.2% on the year before. Net income was $874 million, up 19.4%, and diluted earnings per share $3.79. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.

Revenue
$5.8 billion
+6.2% on the year
FY2017FY2024
Operating margin
25.1%
23.3% a year earlier
FY2017FY2024
Net income
$874 million
+19.4% on the year
FY2017FY2024
Diluted EPS
$3.79
+19.6% 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
Revenue5,8475,5085,859+6.2%
Operating income1,4681,2821,267+14.5%
Operating margin25.1%23.3%21.6%
Interest expense563526404+7.1%
Pre-tax income908752805+20.8%
Income tax30.015.647.5+92.3%
Effective tax rate3.3%2.1%5.9%
Net income874731753+19.4%
Net margin14.9%13.3%12.8%
Diluted EPS$3.79$3.17$3.27+19.6%
$ 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

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow1,9841,9801,802+0.2%
Capital expenditure2,3372,3342,166+0.1%
Free cash flow-353-354-365
Free cash flow margin-6.0%-6.4%-6.2%
Cash from investing-2,262-2,472-2,152
Cash from financing280494349-43.3%
Depreciation and amortisation1,1141,076929+3.5%
Share-based compensation15.217.718.8-14.1%
Dividends paid597570535+4.8%
Dividend per share$2.60$2.48$2.33+4.6%
Diluted shares, weighted231m230m230m+0.0%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity9,9559,6639,484+3.0%
Non-controlling interest34.221.99.6+56.2%
Debt14,07013,14712,036+7.0%
Operating lease liabilities43.153.360.0-19.1%
Finance lease liabilities75.047.540.8+57.9%
Other liabilities8,1058,0437,860+0.8%
Total liabilities and equity32,28230,97629,490+4.2%
Fixed assets24,93123,72922,136+5.1%
Goodwill2,3372,3372,3370.0%
Cash and equivalents22.027.725.2-20.6%
Receivables245257315-4.5%
Other assets4,7474,6264,676+2.6%
Total assets32,28230,97629,490+4.2%

10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.