Kinder Morgan (KMI) FY2023 results: revenue $15.3 billion, down 20.1% on the year
Kinder Morgan, Inc. (KMI) reported revenue of $15.3 billion for fiscal 2023, the year ended 31 December 2023, down 20.1% on the year before. Net income was $2.4 billion, down 6.2%, and diluted earnings per share $1.06. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2024.
Revenue
$15.3 billion
-20.1% on the year
FY2016FY2023
Operating margin
27.8%
21.2% a year earlier
FY2016FY2023
Net income
$2.4 billion
-6.2% on the year
FY2016FY2023
Diluted EPS
$1.06
-5.4% on the year
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
6,491
4,967
5,708
+30.7%
Capital expenditure
2,317
1,621
1,281
+42.9%
Free cash flow
4,174
3,346
4,427
+24.7%
Free cash flow margin
27.2%
17.4%
26.7%
Cash from investing
-4,175
-2,175
-2,305
Cash from financing
-3,014
-3,145
-3,465
Depreciation and amortisation
2,250
2,186
2,135
+2.9%
Buybacks
522
368
0.0
+41.8%
Dividends paid
2,529
2,504
2,443
+1.0%
Dividend per share
$1.13
$1.11
$1.08
+1.8%
Diluted shares, weighted
2,234m
2,258m
2,266m
-1.1%
Shares outstanding at period end
2,220m
2,248m
2,267m
-1.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
30,306
30,742
30,823
-1.4%
Non-controlling interest
1,423
1,372
1,098
+3.7%
Redeemable equity
n/a
n/a
0.0
Debt
32,116
31,788
33,320
+1.0%
Operating lease liabilities
230
240
270
-4.2%
Finance lease liabilities
n/a
n/a
1.0
Other liabilities
6,945
5,936
4,904
+17.0%
Total liabilities and equity
71,020
70,078
70,416
+1.3%
Fixed assets
37,297
35,599
35,653
+4.8%
Goodwill
20,121
19,965
19,914
+0.8%
Intangible assets
1,957
1,809
1,678
+8.2%
Investments
7,874
7,653
7,578
+2.9%
Cash and equivalents
83.0
745
1,140
-88.9%
Inventory
525
634
562
-17.2%
Other assets
3,163
3,673
3,891
-13.9%
Total assets
71,020
70,078
70,416
+1.3%
10-K for the year ended 31 December 2023, filed 20 February 2024: the filing.