PEG FY 2023 Earnings Report — Public Service Enterprise Group Incorporated Revenue & Financial Results | Market Cap Arena

Public Service Enterprise Group IncorporatedPEG

FY 2023 Earnings

Reported February 26, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$11.2B	—	$9.8B	—	14.7%
Op. Income	$3.7B	—	$1.4B	—	166.8%
Gross Margin	43.0%	—	26.6%	—	16.4pp
Net Margin	22.8%	—	10.5%	—	12.3pp
EPS (Diluted)	$5.13	—	$2.06	—	149.0%
Free Cash Flow	$481M	—	-$1.4B	—	134.7%

Revenue Flow

Item	Amount
REVENUE	$11.2B
Cost of Revenue	$6.4B
GROSS PROFIT	$4.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$218M
SG&A Expenses	$218M
Other Expenses	$924M
Operating Expenses	$1.1B
Cost & Expenses	$7.6B
OPERATING INCOME	$3.7B
Interest Income	$121M
Interest Expense	$688M
Other Income/Expenses	-$604M
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$518M
Net Income from Continuing Ops	$2.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.6B
D&A	$1.3B
EBIT	$3.8B
EBITDA	$5.1B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$11.2B
Cost of Revenue	$6.4B
GROSS PROFIT	$4.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$218M
SG&A Expenses	$218M
Other Expenses	$924M
Operating Expenses	$1.1B
Cost & Expenses	$7.6B
OPERATING INCOME	$3.7B
Interest Income	$121M
Interest Expense	$688M
Other Income/Expenses	-$604M
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$518M
Net Income from Continuing Ops	$2.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.6B
D&A	$1.3B
EBIT	$3.8B
EBITDA	$5.1B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$2.6B
Depreciation & Amortization	$1.3B
Stock-Based Compensation	$0
Deferred Income Tax	$355M
Other Non-Cash Items	-$1.7B
Change in Working Capital	$1.3B
OPERATING CASH FLOW	$3.8B
Capital Expenditure	-$3.3B
Acquisitions (Net)	$291M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$76M
NET CASH FROM INVESTING	-$3.0B
Net Debt Issuance	-$25M
Common Stock Repurchased	$0
Common Dividends Paid	-$1.1B
Other Financing Activities	-$98M
NET CASH FROM FINANCING	-$1.3B
FREE CASH FLOW	$481M
Net Change in Cash	-$412M

Balance Sheet

Item	Amount
Cash & Equivalents	$54M
Short-Term Investments	$0
Net Receivables	$1.7B
Inventory	$1.0B
Other Current Assets	$416M
TOTAL CURRENT ASSETS	$3.4B
PP&E (Net)	$38.2B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$3.0B
Tax Assets	$0
Other Non-Current Assets	$6.2B
TOTAL NON-CURRENT ASSETS	$47.4B
TOTAL ASSETS	$50.7B
Account Payables	$1.2B
Short-Term Debt	$2.4B
Deferred Revenue	$0
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$5.1B
Long-Term Debt	$17.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6.7B
Other Non-Current Liabilities	$5.6B
TOTAL NON-CURRENT LIABILITIES	$30.2B
TOTAL LIABILITIES	$35.3B
Common Stock	$5.0B
Additional Paid-In Capital	$0
Retained Earnings	$12.0B
Treasury Stock	-$1.4B
Accum. Other Comp. Income	-$179M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$15.5B
Minority Interest	$0
TOTAL EQUITY	$15.5B
TOTAL LIABILITIES & EQUITY	$50.7B
Total Debt	$20.4B
Net Debt	$20.4B