Exelon (EXC) FY2023 results: revenue $21.7 billion, up 13.9% on the year
Exelon Corp. (EXC) reported revenue of $21.7 billion for fiscal 2023, the year ended 31 December 2023, up 13.9% on the year before. Net income was $2.3 billion, up 7.3%. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2024.
Revenue
$21.7 billion
+13.9% on the year
FY2016FY2023
Operating margin
18.5%
17.4% a year earlier
FY2016FY2023
Net income
$2.3 billion
+7.3% on the year
FY2016FY2023
Diluted EPS
n/a
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
4,703
4,870
3,012
-3.4%
Capital expenditure
7,408
7,147
7,981
+3.7%
Free cash flow
-2,705
-2,277
-4,969
Free cash flow margin
-12.4%
-11.9%
-27.7%
Cash from investing
-7,375
-6,990
-3,317
Cash from financing
2,683
1,591
758
+68.6%
Depreciation and amortisation
3,506
3,325
3,033
+5.4%
Dividends paid
1,433
1,334
1,497
+7.4%
Dividend per share
$1.44
$1.35
$1.53
+6.7%
Diluted shares, weighted
997m
987m
980m
+1.0%
Shares outstanding at period end
999m
994m
979m
+0.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
25,755
24,744
34,393
+4.1%
Non-controlling interest
n/a
0.0
402
Short-term borrowings
n/a
n/a
1,248
Debt
44,008
40,050
32,655
+9.9%
Other liabilities
32,093
30,555
64,315
+5.0%
Total liabilities and equity
101,856
95,349
133,013
+6.8%
Fixed assets
73,593
69,076
64,558
+6.5%
Goodwill
6,630
6,630
6,630
0.0%
Intangible assets
n/a
-25.0
-207
Investments
251
232
250
+8.2%
Cash and equivalents
445
407
672
+9.3%
Receivables
2,342
2,217
1,869
+5.6%
Other assets
18,595
16,812
59,241
+10.6%
Total assets
101,856
95,349
133,013
+6.8%
10-K for the year ended 31 December 2023, filed 21 February 2024: the filing.