Avangrid, Inc. (AGR)

Avangrid Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	8,260	8,309	7,923	6,974	6,320	6,336
Revenue Growth (YoY)	0.05%	4.87%	13.61%	10.35%	-0.25%	-2.18%
Cost of Revenue	6,012	6,221	5,986	5,065	4,464	4,405
Gross Profit	2,248	2,088	1,937	1,909	1,856	1,931
Other Operating Expenses	1,176	1,158	1,085	1,014	987	933
Operating Expenses	1,176	1,158	1,085	1,014	987	933
Operating Income	1,072	930	852	895	869	998
Interest Expense / Income	439	409	303	298	316	310
Other Expense / Income	-288	-256	-352	-131	-57	-148
Pretax Income	921	777	901	728	610	836
Income Tax	29	-9	20	21	29	169
Net Income	892	786	881	707	581	667
Net Income Growth	30.98%	-10.78%	24.61%	21.69%	-12.89%	13.63%
Shares Outstanding (Basic)	387	387	387	358	309	309
Shares Outstanding (Diluted)	387	387	387	359	310	310
Shares Change	0.04%	-0.01%	7.99%	15.84%	0.01%	-0.06%
EPS (Basic)	2.31	2.03	2.28	1.97	1.88	2.16
EPS (Diluted)	2.31	2.03	2.27	1.97	1.88	2.16
EPS Growth	32.00%	-10.57%	15.23%	4.79%	-12.96%	14.29%
Free Cash Flow	-1,946	-1,876	-1,330	-1,261	-1,438	-1,055
Free Cash Flow Per Share	-5.03	-4.85	-3.44	-3.52	-4.65	-3.41
Dividend Per Share	1.760	1.760	1.760	1.760	1.760	1.760
Dividend Growth	0%	0%	0%	0%	0%	0.92%
Gross Margin	27.22%	25.13%	24.45%	27.37%	29.37%	30.48%
Operating Margin	12.98%	11.19%	10.75%	12.83%	13.75%	15.75%
Profit Margin	10.80%	9.46%	11.12%	10.14%	9.19%	10.53%
Free Cash Flow Margin	-23.56%	-22.58%	-16.79%	-18.08%	-22.75%	-16.65%
Effective Tax Rate	3.15%	-1.16%	2.22%	2.88%	4.75%	20.22%
EBITDA	2,536	2,344	2,289	2,040	1,913	2,079
EBITDA Margin	30.70%	28.21%	28.89%	29.25%	30.27%	32.81%
Depreciation & Amortization	1,176	1,158	1,085	1,014	987	933
EBIT	1,360	1,186	1,204	1,026	926	1,146
EBIT Margin	16.46%	14.27%	15.20%	14.71%	14.65%	18.09%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).