Public Service Enterprise Group (PEG) FY2023 results: revenue $11.2 billion, up 14.7% on the year
Public Service Enterprise Group Inc. (PEG) reported revenue of $11.2 billion for fiscal 2023, the year ended 31 December 2023, up 14.7% on the year before. Net income was $2.6 billion, up 148.6%, and diluted earnings per share $5.13. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2024.
Revenue
$11.2 billion
+14.7% on the year
FY2016FY2023
Operating margin
32.8%
14.1% a year earlier
FY2016FY2023
Net income
$2.6 billion
+148.6% on the year
FY2016FY2023
Diluted EPS
$5.13
+149.0% 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
3,806
1,503
1,736
+153.2%
Capital expenditure
3,325
2,888
2,719
+15.1%
Free cash flow
481
-1,385
-983
Free cash flow margin
4.3%
-14.1%
-10.1%
Cash from investing
-2,958
-1,101
-2,244
Cash from financing
-1,260
-754
799
Share-based compensation
18.0
29.0
28.0
-37.9%
Buybacks
0.0
500
0.0
Dividends paid
1,137
1,079
1,031
+5.4%
Dividend per share
$2.28
$2.16
$2.04
+5.6%
Diluted shares, weighted
500m
501m
504m
-0.2%
Shares outstanding at period end
498m
497m
504m
+0.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
15,477
13,729
14,438
+12.7%
Debt
20,233
20,270
19,438
-0.2%
Operating lease liabilities
173
169
191
+2.4%
Other liabilities
14,858
14,550
14,932
+2.1%
Total liabilities and equity
50,741
48,718
48,999
+4.2%
Intangible assets
n/a
14.0
20.0
Investments
295
624
541
-52.7%
Cash and equivalents
54.0
465
818
-88.4%
Receivables
1,482
1,944
1,859
-23.8%
Other assets
48,910
45,671
45,761
+7.1%
Total assets
50,741
48,718
48,999
+4.2%
10-K for the year ended 31 December 2023, filed 26 February 2024: the filing.