Public Service Enterprise Group (PEG) FY2024 results: revenue $10.3 billion, down 8.4% on the year
Public Service Enterprise Group Inc. (PEG) reported revenue of $10.3 billion for fiscal 2024, the year ended 31 December 2024, down 8.4% on the year before. Net income was $1.8 billion, down 30.9%, and diluted earnings per share $3.54. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.
Revenue
$10.3 billion
-8.4% on the year
FY2017FY2024
Operating margin
22.9%
32.8% a year earlier
FY2017FY2024
Net income
$1.8 billion
-30.9% on the year
FY2017FY2024
Diluted EPS
$3.54
-31.0% 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
2,133
3,806
1,503
-44.0%
Capital expenditure
3,380
3,325
2,888
+1.7%
Free cash flow
-1,247
481
-1,385
Free cash flow margin
-12.1%
4.3%
-14.1%
Cash from investing
-3,306
-2,958
-1,101
Cash from financing
1,228
-1,260
-754
Share-based compensation
40.0
18.0
29.0
+122.2%
Buybacks
0.0
0.0
500
Dividends paid
1,196
1,137
1,079
+5.2%
Dividend per share
$2.40
$2.28
$2.16
+5.3%
Diluted shares, weighted
500m
500m
501m
0.0%
Shares outstanding at period end
498m
498m
497m
0.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
16,114
15,477
13,729
+4.1%
Debt
22,707
20,233
20,270
+12.2%
Operating lease liabilities
153
173
169
-11.6%
Other liabilities
15,666
14,858
14,550
+5.4%
Total liabilities and equity
54,640
50,741
48,718
+7.7%
Intangible assets
n/a
n/a
14.0
Investments
263
295
624
-10.8%
Cash and equivalents
125
54.0
465
+131.5%
Receivables
1,597
1,482
1,944
+7.8%
Other assets
52,655
48,910
45,671
+7.7%
Total assets
54,640
50,741
48,718
+7.7%
10-K for the year ended 31 December 2024, filed 25 February 2025: the filing.