Unitil (UTL) FY2023 results: revenue $557 million, down 1.1% on the year
Unitil Corp. (UTL) reported revenue of $557 million for fiscal 2023, the year ended 31 December 2023, down 1.1% on the year before. Net income was $45 million, up 9.2%, and diluted earnings per share $2.82. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2024.
Revenue
$557 million
-1.1% on the year
FY2016FY2023
Operating margin
15.6%
14.3% a year earlier
FY2016FY2023
Net income
$45 million
+9.2% on the year
FY2016FY2023
Diluted EPS
$2.82
+8.9% 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
107
97.7
108
+9.5%
Capital expenditure
141
122
115
+15.5%
Free cash flow
-34.0
-24.4
-7.2
Free cash flow margin
-6.1%
-4.3%
-1.5%
Cash from investing
-141
-122
-115
Cash from financing
31.5
26.9
7.7
+17.1%
Dividends paid
26.2
25.1
23.6
+4.4%
Dividend per share
$1.62
$1.56
$1.52
+3.8%
Diluted shares, weighted
16m
16m
15m
+0.4%
Shares outstanding at period end
16m
16m
16m
+0.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
489
468
448
+4.6%
Debt
676
612
570
+10.5%
Operating lease liabilities
3.7
2.8
3.1
+32.1%
Finance lease liabilities
0.4
0.1
0.2
+300.0%
Other liabilities
501
508
518
-1.4%
Total liabilities and equity
1,670
1,590
1,540
+5.0%
Trading assets
6.0
5.8
5.7
+3.4%
Cash and equivalents
6.5
9.0
6.5
-27.8%
Receivables
75.0
73.8
66.9
+1.6%
Other assets
1,583
1,502
1,461
+5.4%
Total assets
1,670
1,590
1,540
+5.0%
10-K for the year ended 31 December 2023, filed 13 February 2024: the filing.