Northwest Natural Holding (NWN) FY2023 results: revenue $1.2 billion, up 15.4% on the year
Northwest Natural Holding Co. (NWN) reported revenue of $1.2 billion for fiscal 2023, the year ended 31 December 2023, up 15.4% on the year before. Net income was $94 million, up 8.8%, and diluted earnings per share $2.59. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$1.2 billion
+15.4% on the year
FY2016FY2023
Operating margin
15.4%
16.1% a year earlier
FY2016FY2023
Net income
$94 million
+8.8% on the year
FY2016FY2023
Diluted EPS
$2.59
+2.0% 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
280
148
160
+89.6%
Capital expenditure
327
339
294
-3.3%
Free cash flow
-47.4
-191
-134
Free cash flow margin
-4.0%
-18.4%
-15.5%
Cash from investing
-335
-435
-300
Cash from financing
64.2
302
131
-78.7%
Depreciation and amortisation
126
117
114
+7.6%
Dividends paid
67.3
62.8
55.9
+7.3%
Dividend per share
$1.94
$1.93
$1.92
+0.5%
Diluted shares, weighted
36m
34m
31m
+6.7%
Shares outstanding at period end
38m
36m
31m
+5.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,284
1,175
935
+9.2%
Debt
1,666
1,595
1,434
+4.5%
Operating lease liabilities
77.2
79.0
79.5
-2.3%
Other liabilities
1,840
1,899
1,616
-3.1%
Total liabilities and equity
4,867
4,748
4,065
+2.5%
Fixed assets
3,358
3,114
2,871
+7.8%
Goodwill
163
149
70.6
+9.4%
Cash and equivalents
32.9
29.3
18.6
+12.5%
Other assets
1,313
1,455
1,104
-9.8%
Total assets
4,867
4,748
4,065
+2.5%
10-K for the year ended 31 December 2023, filed 23 February 2024: the filing.