NRG Energy (NRG) FY2023 results: revenue $28.8 billion, down 8.6% on the year
NRG Energy, Inc. (NRG) reported revenue of $28.8 billion for fiscal 2023, the year ended 31 December 2023, down 8.6% on the year before. Net income was -$202 million, and diluted earnings per share $-1.12. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2024.
Revenue
$28.8 billion
-8.6% on the year
FY2016FY2023
Operating margin
1.3%
6.4% a year earlier
FY2016FY2023
Net income
-$202 million
FY2016FY2023
Diluted EPS
-$1.12
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
-221
360
493
Capital expenditure
598
367
269
+62.9%
Free cash flow
-819
-7.0
224
Free cash flow margin
-2.8%
-0.0%
0.8%
Cash from investing
-910
-332
-3,039
Cash from financing
-400
1,043
-272
Depreciation and amortisation
1,295
720
785
+79.9%
Share-based compensation
101
28.0
21.0
+260.7%
Buybacks
1,150
600
48.0
+91.7%
Dividends paid
381
332
319
+14.8%
Dividend per share
$1.51
$1.40
$1.30
+7.9%
Diluted shares, weighted
228m
236m
245m
-3.4%
Shares outstanding at period end
208m
230m
244m
-9.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,906
3,828
3,600
-24.1%
Debt
10,940
8,100
8,100
+35.1%
Operating lease liabilities
128
180
236
-28.9%
Other liabilities
12,064
17,038
11,246
-29.2%
Total liabilities and equity
26,038
29,146
23,182
-10.7%
Goodwill
5,079
1,650
1,795
+207.8%
Intangible assets
3,927
2,132
2,511
+84.2%
Securities held for sale or to maturity
21.0
19.0
32.0
+10.5%
Cash and equivalents
541
430
250
+25.8%
Receivables
3,542
4,773
3,245
-25.8%
Inventory
607
751
498
-19.2%
Other assets
12,321
19,391
14,851
-36.5%
Total assets
26,038
29,146
23,182
-10.7%
10-K for the year ended 31 December 2023, filed 28 February 2024: the filing.