National Grid plc (NGG)

National Grid Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	19,850	21,659	18,449	14,933	14,540
Revenue Growth (YoY)	-8.35%	17.40%	23.55%	2.70%	-2.63%
Cost of Revenue	15,208	17,549	13,911	11,882	11,526
Gross Profit	4,642	4,110	4,538	3,051	3,014
Other Operating Expenses	167	-769	167	181	234
Operating Expenses	167	-769	167	181	234
Operating Income	4,475	4,879	4,371	2,870	2,780
Interest Expense / Income	1,712	1,598	1,072	1,157	1,167
Other Expense / Income	-358	-5,392	-312	-137	-131
Pretax Income	3,121	8,673	3,611	1,850	1,744
Income Tax	831	876	1,258	339	480
Net Income	2,290	7,797	2,353	1,511	1,264
Net Income Growth	-70.63%	231.36%	55.72%	19.54%	-16.35%
Shares Outstanding (Basic)	3,930	3,904	3,815	3,780	3,687
Shares Change	0.67%	2.34%	0.92%	2.52%	1.37%
EPS (Basic)	3.10	10.65	3.27	2.23	1.82
EPS (Diluted)	3.08	10.61	3.25	2.22	1.81
EPS Growth	-70.91%	226.31%	46.40%	22.31%	-18.24%
Free Cash Flow	87	660	1,200	259	393
Free Cash Flow Per Share	0.11	0.84	1.57	0.34	0.53
Dividend Per Share	3.536	3.124	3.439	3.141	3.093
Dividend Growth	13.19%	-9.16%	9.49%	1.55%	-0.93%
Gross Margin	23.39%	18.98%	24.60%	20.43%	20.73%
Operating Margin	22.54%	22.53%	23.69%	19.22%	19.12%
Profit Margin	11.54%	36.00%	12.75%	10.12%	8.69%
Free Cash Flow Margin	0.44%	3.05%	6.50%	1.73%	2.70%
Effective Tax Rate	26.63%	10.10%	34.84%	18.32%	27.52%
EBITDA	6,894	12,255	6,513	4,492	4,346
EBITDA Margin	34.73%	56.58%	35.30%	30.08%	29.89%
Depreciation & Amortization	2,061	1,984	1,830	1,485	1,435
EBIT	4,833	10,271	4,683	3,007	2,911
EBIT Margin	24.35%	47.42%	25.38%	20.14%	20.02%

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