FirstEnergy Corp. (FE)

FirstEnergy 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
Operating Revenue	12,339	12,269	11,588	10,428	10,118	10,039
Other Revenue	402	416	680	515	489	805
Revenue	12,741	12,685	12,268	10,943	10,607	10,844
Revenue Growth (YoY)	1.85%	3.40%	12.11%	3.17%	-2.19%	-1.98%
Fuel & Purchased Power	4,530	4,646	4,593	3,445	3,070	3,424
Selling, General & Admin	79	79	73	71	60	49
Depreciation & Amortization	1,481	1,461	1,375	1,302	1,274	1,220
Other Operating Expenses	4,479	4,401	3,939	3,248	4,518	4,315
Total Operating Expenses	10,569	10,587	9,980	8,066	8,922	9,008
Operating Income	2,172	2,098	2,288	2,877	1,685	1,836
Interest Expense	-1,108	-1,071	-1,011	-1,112	-1,037	-1,007
Net Interest Expense	-1,108	-1,071	-1,011	-1,112	-1,037	-1,007
Income (Loss) on Equity Investments	140	175	168	31	2	-
Allowance for Equity Funds for Construction	48	44	56	48	49	45
Other Non-Operating Income (Expenses)	250	254	109	-162	430	243
EBT Excluding Unusual Items	1,502	1,500	1,610	1,682	1,129	1,117
Gain (Loss) on Sale of Assets	-	-	-	109	-	-
Other Unusual Items	-36	-36	-171	-232	-	-
Pretax Income	1,466	1,464	1,439	1,559	1,129	1,117
Income Tax Expense	312	267	1,000	320	126	213
Earnings From Continuing Operations	1,154	1,197	439	1,239	1,003	904
Earnings From Discontinued Operations	-21	-21	-	44	76	8
Net Income to Company	1,133	1,176	439	1,283	1,079	912
Minority Interest in Earnings	-70	-74	-33	-	-	-
Net Income	1,063	1,102	406	1,283	1,079	912
Preferred Dividends & Other Adjustments	-	-	-	-	-	4
Net Income to Common	1,063	1,102	406	1,283	1,079	908
Net Income Growth	159.27%	171.43%	-68.36%	18.91%	18.31%	-32.34%
Shares Outstanding (Basic)	574	573	571	545	542	535
Shares Outstanding (Diluted)	575	574	572	546	543	542
Shares Change (YoY)	0.39%	0.35%	4.76%	0.55%	0.18%	9.72%
EPS (Basic)	1.85	1.92	0.71	2.35	1.99	1.70
EPS (Diluted)	1.85	1.92	0.71	2.35	1.99	1.68
EPS Growth	158.35%	170.87%	-69.79%	18.12%	18.12%	-15.34%
Free Cash Flow	-2,038	-1,969	-165	324	-1,234	-198
Free Cash Flow Per Share	-3.55	-3.43	-0.29	0.59	-2.27	-0.37
Dividend Per Share	1.600	1.580	1.560	1.560	1.560	1.530
Dividend Growth	2.56%	1.28%	0%	0%	1.96%	6.25%
Profit Margin	8.34%	8.69%	3.31%	11.72%	10.17%	8.41%
Free Cash Flow Margin	-16.00%	-15.52%	-1.34%	2.96%	-11.63%	-1.83%
EBITDA	3,786	3,639	3,970	4,272	2,937	3,132
EBITDA Margin	29.72%	28.69%	32.36%	39.04%	27.69%	28.88%
D&A For EBITDA	1,614	1,541	1,682	1,395	1,252	1,296
EBIT	2,172	2,098	2,288	2,877	1,685	1,836
EBIT Margin	17.05%	16.54%	18.65%	26.29%	15.89%	16.93%
Effective Tax Rate	21.28%	18.24%	69.49%	20.53%	11.16%	19.07%
Revenue as Reported	12,926	12,870	12,459	11,132	10,790	11,035

Source: S&P Capital IQ. Utility template.