Firstenergy (FE) FY2024 results: revenue $13.5 billion, up 4.7% on the year
Firstenergy Corp. (FE) reported revenue of $13.5 billion for fiscal 2024, the year ended 31 December 2024, up 4.7% on the year before. Net income was $978 million, down 11.3%, and diluted earnings per share $1.70. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$13.5 billion
+4.7% on the year
FY2017FY2024
Operating margin
17.6%
17.6% a year earlier
FY2017FY2024
Net income
$978 million
-11.3% on the year
FY2017FY2024
Diluted EPS
$1.70
-11.5% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,891
1,387
2,683
+108.4%
Capital expenditure
4,030
3,356
2,848
+20.1%
Free cash flow
-1,139
-1,969
-165
Free cash flow margin
-8.5%
-15.3%
-1.3%
Cash from investing
-4,350
-3,652
-3,076
Cash from financing
1,434
2,238
-912
-35.9%
Depreciation and amortisation
n/a
n/a
1,317
Dividends paid
970
906
891
+7.1%
Dividend per share
$1.70
$1.60
$1.56
+6.2%
Diluted shares, weighted
577m
574m
572m
+0.5%
Shares outstanding at period end
577m
574m
572m
+0.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
12,455
10,437
10,166
+19.3%
Non-controlling interest
1,265
479
477
+164.1%
Debt
24,023
24,910
21,654
-3.6%
Operating lease liabilities
192
179
247
+7.3%
Finance lease liabilities
9.0
11.0
17.0
-18.2%
Other liabilities
14,100
12,751
13,547
+10.6%
Total liabilities and equity
52,044
48,767
46,108
+6.7%
Fixed assets
n/a
38,412
36,285
Goodwill
5,618
5,618
5,618
0.0%
Investments
652
663
622
-1.7%
Cash and equivalents
111
137
160
-19.0%
Receivables
1,530
1,318
1,318
+16.1%
Inventory
549
512
421
+7.2%
Other assets
43,584
2,107
1,684
+1,968.5%
Total assets
52,044
48,767
46,108
+6.7%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.