Essential Utilities (WTRG) FY2022 results: revenue $2.3 billion, up 21.8% on the year
Essential Utilities, Inc. (WTRG) reported revenue of $2.3 billion for fiscal 2022, the year ended 31 December 2022, up 21.8% on the year before. Net income was $465 million, up 7.8%, and diluted earnings per share $1.77. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2023.
Revenue
$2.3 billion
+21.8% on the year
FY2015FY2022
Operating margin
28.9%
32.1% a year earlier
FY2015FY2022
Net income
$465 million
+7.8% on the year
FY2015FY2022
Diluted EPS
$1.77
+6.0% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
600
645
508
-6.9%
Cash from investing
-1,178
-1,056
-4,334
Cash from financing
579
417
1,962
+38.8%
Depreciation and amortisation
321
298
257
+7.8%
Share-based compensation
12.2
10.1
8.2
+21.1%
Buybacks
1.2
3.3
4.4
-63.8%
Dividends paid
289
259
233
+11.6%
Dividend per share
$1.11
$1.04
$0.97
+7.0%
Diluted shares, weighted
263m
258m
255m
+1.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
7,693
5,184
4,684
+48.4%
Debt
6,799
5,977
5,670
+13.8%
Operating lease liabilities
37.7
48.2
55.6
-21.9%
Other liabilities
1,190
3,449
3,295
-65.5%
Total liabilities and equity
15,719
14,658
13,705
+7.2%
Fixed assets
11,131
10,252
9,513
+8.6%
Goodwill
2,341
2,341
2,325
-0.0%
Intangible assets
4.6
5.8
7.2
-20.1%
Securities held for sale or to maturity
25.0
28.6
25.8
-12.6%
Cash and equivalents
11.4
10.6
4.8
+7.9%
Receivables
206
141
155
+46.3%
Other assets
2,000
1,880
1,675
+6.4%
Total assets
15,719
14,658
13,705
+7.2%
10-K for the year ended 31 December 2022, filed 1 March 2023: the filing.