Nisource (NI) FY2022 results: revenue $5.9 billion, up 19.4% on the year
Nisource Inc. (NI) reported revenue of $5.9 billion for fiscal 2022, the year ended 31 December 2022, up 19.4% on the year before. Net income was $804 million, up 37.5%, and diluted earnings per share $1.70. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2023.
Revenue
$5.9 billion
+19.4% on the year
FY2015FY2022
Operating margin
21.6%
20.6% a year earlier
FY2015FY2022
Net income
$804 million
+37.5% on the year
FY2015FY2022
Diluted EPS
$1.70
+33.9% 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
1,409
1,218
1,104
+15.7%
Capital expenditure
2,203
1,838
1,758
+19.9%
Free cash flow
-794
-620
-654
Free cash flow margin
-13.6%
-12.7%
-14.0%
Cash from investing
-2,570
-2,205
-879
Cash from financing
1,141
956
-248
+19.3%
Depreciation and amortisation
821
748
726
+9.7%
Share-based compensation
24.9
24.3
17.4
+2.5%
Buybacks
n/a
n/a
0.0
Dividends paid
382
345
322
+10.5%
Dividend per share
$0.94
$0.88
$0.84
+6.8%
Diluted shares, weighted
443m
417m
384m
+6.1%
Shares outstanding at period end
412m
405m
392m
+1.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
7,575
6,947
5,752
+9.0%
Non-controlling interest
326
326
85.6
+0.2%
Debt
11,316
9,802
9,746
+15.4%
Operating lease liabilities
31.9
27.9
29.9
+14.3%
Finance lease liabilities
145
158
172
-8.1%
Other liabilities
7,343
6,897
6,255
+6.5%
Total liabilities and equity
26,737
24,157
22,040
+10.7%
Fixed assets
19,843
17,882
16,620
+11.0%
Goodwill
1,486
1,486
1,486
0.0%
Intangible assets
n/a
0.0
0.0
Investments
152
172
171
-11.8%
Cash and equivalents
40.8
84.2
116
-51.5%
Receivables
1,042
826
791
+26.2%
Other assets
4,174
3,708
2,856
+12.6%
Total assets
26,737
24,157
22,040
+10.7%
10-K for the year ended 31 December 2022, filed 22 February 2023: the filing.