Nisource (NI) FY2024 results: revenue $5.5 billion, down 0.9% on the year
Nisource Inc. (NI) reported revenue of $5.5 billion for fiscal 2024, the year ended 31 December 2024, down 0.9% on the year before. Net income was $760 million, up 6.5%, and diluted earnings per share $1.62. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2025.
Revenue
$5.5 billion
-0.9% on the year
FY2017FY2024
Operating margin
26.7%
23.5% a year earlier
FY2017FY2024
Net income
$760 million
+6.5% on the year
FY2017FY2024
Diluted EPS
$1.62
+9.5% 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
1,782
1,935
1,409
-7.9%
Capital expenditure
2,614
2,646
2,203
-1.2%
Free cash flow
-832
-711
-794
Free cash flow margin
-15.3%
-12.9%
-13.6%
Cash from investing
-3,213
-3,572
-2,570
Cash from financing
-651
3,842
1,141
Depreciation and amortisation
1,043
908
821
+14.9%
Share-based compensation
43.6
33.5
24.9
+30.1%
Dividends paid
481
414
382
+16.3%
Dividend per share
$1.06
$1.00
$0.94
+6.0%
Diluted shares, weighted
456m
448m
443m
+1.8%
Shares outstanding at period end
470m
447m
412m
+5.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
8,684
8,270
7,575
+5.0%
Non-controlling interest
1,984
1,867
326
+6.3%
Debt
13,960
14,128
11,316
-1.2%
Operating lease liabilities
18.2
25.8
31.9
-29.5%
Finance lease liabilities
223
182
145
+23.0%
Other liabilities
6,918
6,606
7,343
+4.7%
Total liabilities and equity
31,788
31,077
26,737
+2.3%
Fixed assets
25,454
22,275
19,843
+14.3%
Goodwill
1,486
1,486
1,486
0.0%
Investments
86.7
159
152
-45.5%
Cash and equivalents
157
2,245
40.8
-93.0%
Receivables
964
862
1,042
+11.9%
Other assets
3,641
4,050
4,174
-10.1%
Total assets
31,788
31,077
26,737
+2.3%
10-K for the year ended 31 December 2024, filed 12 February 2025: the filing.