Firstenergy (FE) FY2022 results: revenue $12.5 billion, up 11.9% on the year
Firstenergy Corp. (FE) reported revenue of $12.5 billion for fiscal 2022, the year ended 31 December 2022, up 11.9% on the year before. Net income was $406 million, down 68.4%, and diluted earnings per share $0.71. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2023.
Revenue
$12.5 billion
+11.9% on the year
FY2015FY2022
Operating margin
15.3%
15.5% a year earlier
FY2015FY2022
Net income
$406 million
-68.4% on the year
FY2015FY2022
Diluted EPS
$0.71
-69.8% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
2,683
2,811
1,423
-4.6%
Capital expenditure
2,848
2,487
2,657
+14.5%
Free cash flow
-165
324
-1,234
Free cash flow margin
-1.3%
2.9%
-11.4%
Cash from investing
-3,076
-2,559
-2,908
Cash from financing
-912
-542
2,607
Depreciation and amortisation
1,317
1,664
1,199
-20.9%
Share-based compensation
n/a
n/a
0.0
Dividends paid
891
849
845
+4.9%
Dividend per share
$1.56
$1.56
$1.56
0.0%
Diluted shares, weighted
572m
546m
543m
+4.8%
Shares outstanding at period end
572m
570m
543m
+0.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
10,166
8,675
7,237
+17.2%
Non-controlling interest
477
0.0
n/a
Debt
21,654
23,854
24,477
-9.2%
Operating lease liabilities
247
271
263
-8.9%
Finance lease liabilities
17.0
23.0
31.0
-26.1%
Other liabilities
13,547
12,609
12,456
+7.4%
Total liabilities and equity
46,108
45,432
44,464
+1.5%
Fixed assets
36,285
34,744
33,294
+4.4%
Goodwill
5,618
5,618
5,618
0.0%
Intangible assets
n/a
n/a
73.0
Investments
622
655
605
-5.0%
Cash and equivalents
160
1,462
1,734
-89.1%
Receivables
1,318
1,033
1,203
+27.6%
Inventory
421
260
317
+61.9%
Other assets
1,684
1,660
1,620
+1.4%
Total assets
46,108
45,432
44,464
+1.5%
10-K for the year ended 31 December 2022, filed 13 February 2023: the filing.