Firstenergy (FE) FY2021 results: revenue $11.1 billion, up 3.2% on the year
Firstenergy Corp. (FE) reported revenue of $11.1 billion for fiscal 2021, the year ended 31 December 2021, up 3.2% on the year before. Net income was $1.3 billion, up 18.9%, and diluted earnings per share $2.35. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2022.
Revenue
$11.1 billion
+3.2% on the year
FY2014FY2021
Operating margin
15.5%
20.0% a year earlier
FY2014FY2021
Net income
$1.3 billion
+18.9% on the year
FY2014FY2021
Diluted EPS
$2.35
+18.1% on the year
FY2014FY2021
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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,811
1,423
2,467
+97.5%
Capital expenditure
2,487
2,657
2,665
-6.4%
Free cash flow
324
-1,234
-198
Free cash flow margin
2.9%
-11.4%
-1.8%
Cash from investing
-2,559
-2,908
-2,873
Cash from financing
-542
2,607
656
Depreciation and amortisation
1,664
1,199
1,217
+38.8%
Share-based compensation
n/a
0.0
0.0
Dividends paid
849
845
814
+0.5%
Dividend per share
$1.56
$1.56
$1.53
0.0%
Diluted shares, weighted
546m
543m
542m
+0.6%
Shares outstanding at period end
570m
543m
541m
+5.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
8,675
7,237
6,975
+19.9%
Non-controlling interest
0.0
n/a
n/a
Debt
23,854
24,477
20,998
-2.5%
Operating lease liabilities
271
263
241
+3.0%
Finance lease liabilities
23.0
31.0
45.0
-25.8%
Other liabilities
12,609
12,456
14,042
+1.2%
Total liabilities and equity
45,432
44,464
42,301
+2.2%
Fixed assets
34,744
33,294
31,650
+4.4%
Goodwill
5,618
5,618
5,618
0.0%
Intangible assets
n/a
73.0
80.0
Investments
655
605
1,451
+8.3%
Cash and equivalents
1,462
1,734
627
-15.7%
Receivables
1,033
1,203
1,091
-14.1%
Inventory
260
317
281
-18.0%
Other assets
1,660
1,620
1,503
+2.5%
Total assets
45,432
44,464
42,301
+2.2%
10-K for the year ended 31 December 2021, filed 16 February 2022: the filing.