Nisource (NI) FY2023 results: revenue $5.5 billion, down 5.9% on the year
Nisource Inc. (NI) reported revenue of $5.5 billion for fiscal 2023, the year ended 31 December 2023, down 5.9% on the year before. Net income was $714 million, down 11.2%, and diluted earnings per share $1.48. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2024.
Revenue
$5.5 billion
-5.9% on the year
FY2016FY2023
Operating margin
23.5%
21.6% a year earlier
FY2016FY2023
Net income
$714 million
-11.2% on the year
FY2016FY2023
Diluted EPS
$1.48
-12.9% 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
1,935
1,409
1,218
+37.3%
Capital expenditure
2,646
2,203
1,838
+20.1%
Free cash flow
-711
-794
-620
Free cash flow margin
-12.9%
-13.6%
-12.7%
Cash from investing
-3,572
-2,570
-2,205
Cash from financing
3,842
1,141
956
+236.7%
Depreciation and amortisation
908
821
748
+10.6%
Share-based compensation
33.5
24.9
24.3
+34.5%
Dividends paid
414
382
345
+8.4%
Dividend per share
$1.00
$0.94
$0.88
+6.4%
Diluted shares, weighted
448m
443m
417m
+1.2%
Shares outstanding at period end
447m
412m
405m
+8.6%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
8,270
7,575
6,947
+9.2%
Non-controlling interest
1,867
326
326
+471.9%
Debt
14,128
11,316
9,802
+24.9%
Operating lease liabilities
25.8
31.9
27.9
-19.1%
Finance lease liabilities
182
145
158
+25.5%
Other liabilities
6,606
7,343
6,897
-10.0%
Total liabilities and equity
31,077
26,737
24,157
+16.2%
Fixed assets
22,275
19,843
17,882
+12.3%
Goodwill
1,486
1,486
1,486
0.0%
Intangible assets
n/a
n/a
0.0
Investments
159
152
172
+4.9%
Cash and equivalents
2,245
40.8
84.2
+5,403.4%
Receivables
862
1,042
826
-17.3%
Other assets
4,050
4,174
3,708
-3.0%
Total assets
31,077
26,737
24,157
+16.2%
10-K for the year ended 31 December 2023, filed 21 February 2024: the filing.