FirstEnergy Corp. (FE)

FirstEnergy Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	12,890	12,269	11,588	10,428	10,118	10,039
Other Revenue	367	416	680	515	489	805
Revenue	13,257	12,685	12,268	10,943	10,607	10,844
Revenue Growth (YoY)	4.30%	3.40%	12.11%	3.17%	-2.19%	-1.98%
Fuel & Purchased Power	4,405	4,646	4,593	3,445	3,070	3,424
Selling, General & Admin	79	79	73	71	60	49
Depreciation & Amortization	1,551	1,461	1,375	1,302	1,274	1,220
Other Operating Expenses	5,120	4,401	3,939	3,248	4,518	4,315
Total Operating Expenses	11,155	10,587	9,980	8,066	8,922	9,008
Operating Income	2,102	2,098	2,288	2,877	1,685	1,836
Interest Expense	-1,098	-1,071	-1,011	-1,112	-1,037	-1,007
Net Interest Expense	-1,098	-1,071	-1,011	-1,112	-1,037	-1,007
Income (Loss) on Equity Investments	105	175	168	31	2	-
Allowance for Equity Funds for Construction	58	44	56	48	49	45
Other Non-Operating Income (Expenses)	309	254	109	-162	430	243
EBT Excluding Unusual Items	1,476	1,500	1,610	1,682	1,129	1,117
Gain (Loss) on Sale of Assets	-	-	-	109	-	-
Other Unusual Items	-85	-36	-171	-232	-	-
Pretax Income	1,391	1,464	1,439	1,559	1,129	1,117
Income Tax Expense	368	267	1,000	320	126	213
Earnings From Continuing Ops.	1,023	1,197	439	1,239	1,003	904
Earnings From Discontinued Ops.	-	-21	-	44	76	8
Net Income to Company	1,023	1,176	439	1,283	1,079	912
Minority Interest in Earnings	-131	-74	-33	-	-	-
Net Income	892	1,102	406	1,283	1,079	912
Preferred Dividends & Other Adjustments	-	-	-	-	-	4
Net Income to Common	892	1,102	406	1,283	1,079	908
Net Income Growth	70.23%	171.43%	-68.36%	18.91%	18.31%	-32.34%
Shares Outstanding (Basic)	575	573	571	545	542	535
Shares Outstanding (Diluted)	576	574	572	546	543	542
Shares Change (YoY)	0.35%	0.35%	4.76%	0.55%	0.18%	9.72%
EPS (Basic)	1.55	1.92	0.71	2.35	1.99	1.70
EPS (Diluted)	1.55	1.92	0.71	2.35	1.99	1.68
EPS Growth	69.38%	170.87%	-69.79%	18.12%	18.12%	-15.34%
Free Cash Flow	-1,021	-1,969	-165	324	-1,234	-198
Free Cash Flow Per Share	-1.77	-3.43	-0.29	0.59	-2.27	-0.37
Dividend Per Share	1.670	1.580	1.560	1.560	1.560	1.530
Dividend Growth	7.05%	1.28%	0%	0%	1.96%	6.25%
Profit Margin	6.73%	8.69%	3.31%	11.72%	10.17%	8.37%
Free Cash Flow Margin	-7.70%	-15.52%	-1.34%	2.96%	-11.63%	-1.83%
EBITDA	3,899	3,639	3,970	4,272	2,937	3,132
EBITDA Margin	29.41%	28.69%	32.36%	39.04%	27.69%	28.88%
D&A For EBITDA	1,797	1,541	1,682	1,395	1,252	1,296
EBIT	2,102	2,098	2,288	2,877	1,685	1,836
EBIT Margin	15.86%	16.54%	18.65%	26.29%	15.89%	16.93%
Effective Tax Rate	26.46%	18.24%	69.49%	20.53%	11.16%	19.07%
Revenue as Reported	13,442	12,870	12,459	11,132	10,790	11,035

Source: S&P Capital IQ. Utility template. Financial Sources.