National Grid plc (LON: NG)

National Grid Income Statement

Financials in millions GBP. Fiscal year is April - March.

Year	2023	2022	2021	2020	2019
Revenue	19,850	21,659	18,260	14,779	14,540
Revenue Growth (YoY)	-8.35%	18.61%	23.55%	1.64%	-2.63%
Cost of Revenue	14,400	8,623	6,098	2,380	2,594
Gross Profit	5,450	13,036	12,162	12,399	11,946
Selling, General & Admin	6,079	8,866	6,366	4,569	4,109
Research & Development	32	23	11	17	14
Other Operating Expenses	12	-1,302	14,447	9,476	8,638
Operating Expenses	-12	17,365	14,447	11,853	11,233
Operating Income	5,462	4,879	4,371	2,895	2,780
Interest Income	239	80	43	40	48
Interest Expense	1,723	1,680	1,157	984	1,119
Other Expense / Income	857	-5,394	-354	-131	-35
Pretax Income	3,011	3,590	3,441	2,083	1,754
Income Tax	831	876	1,258	442	480
Net Income	2,290	7,797	2,353	1,640	1,264
Net Income Growth	-70.63%	231.36%	43.48%	29.75%	-16.35%
Shares Outstanding (Basic)	3,692	3,659	3,599	3,523	3,461
Shares Outstanding (Diluted)	3,709	3,676	3,616	3,540	3,478
Shares Change	0.90%	1.66%	2.15%	1.78%	2.26%
EPS (Basic)	0.62	2.13	0.65	0.47	0.36
EPS (Diluted)	0.62	2.12	0.65	0.46	0.36
EPS Growth	-70.75%	226.15%	41.30%	27.78%	-18.18%
Free Cash Flow	-1,817	6	728	-327	-282
Free Cash Flow Per Share	-0.49	0.00	0.20	-0.09	-0.08
Gross Margin	27.46%	60.19%	66.60%	83.90%	82.16%
Operating Margin	27.52%	22.53%	23.94%	19.59%	19.12%
Profit Margin	11.54%	36.00%	12.89%	11.10%	8.69%
Free Cash Flow Margin	-9.15%	0.03%	3.99%	-2.21%	-1.94%
Effective Tax Rate	27.60%	24.40%	36.56%	21.22%	27.37%
EBITDA	7,523	6,615	5,811	4,698	5,104
EBITDA Margin	37.90%	30.54%	31.82%	31.79%	35.10%
Depreciation & Amortization	2,061	1,984	1,830	1,672	1,640
EBIT	5,462	4,631	3,981	3,026	3,464
EBIT Margin	27.52%	21.38%	21.80%	20.47%	23.82%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.