PEG Q2 2023 Earnings Report — Public Service Enterprise Group Incorporated Revenue & Financial Results | Market Cap Arena

Public Service Enterprise Group IncorporatedPEG

Q2 2023 Earnings

Reported August 1, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2023	Q1 2023	Q2 2022	QoQ Change	YoY Change
Revenue	$2.4B	$3.8B	$2.1B	-35.5%	16.6%
Op. Income	$794M	$1.6B	$296M	-51.8%	168.2%
Gross Margin	44.3%	51.4%	27.0%	-7.1pp	17.3pp
Net Margin	24.4%	34.3%	6.3%	-9.9pp	18.1pp
EPS (Diluted)	$1.18	$2.57	$0.26	-54.1%	353.8%
Free Cash Flow	-$133M	$1.1B	-$721M	-112.1%	81.6%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	-$29M
SG&A Expenses	-$29M
Other Expenses	$308M
Operating Expenses	$279M
Cost & Expenses	$1.6B
OPERATING INCOME	$794M
Interest Income	$35M
Interest Expense	$185M
Other Income/Expenses	-$50M
INCOME BEFORE TAX	$744M
Income Tax Expense	$153M
Net Income from Continuing Ops	$591M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$591M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$591M
D&A	$325M
EBIT	$929M
EBITDA	$1.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	-$29M
SG&A Expenses	-$29M
Other Expenses	$308M
Operating Expenses	$279M
Cost & Expenses	$1.6B
OPERATING INCOME	$794M
Interest Income	$35M
Interest Expense	$185M
Other Income/Expenses	-$50M
INCOME BEFORE TAX	$744M
Income Tax Expense	$153M
Net Income from Continuing Ops	$591M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$591M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$591M
D&A	$325M
EBIT	$929M
EBITDA	$1.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$591M
Depreciation & Amortization	$325M
Stock-Based Compensation	$0
Deferred Income Tax	$164M
Other Non-Cash Items	-$554M
Change in Working Capital	$46M
OPERATING CASH FLOW	$572M
Capital Expenditure	-$705M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$300M
NET CASH FROM INVESTING	-$405M
Net Debt Issuance	-$553M
Common Stock Repurchased	$0
Common Dividends Paid	-$285M
Other Financing Activities	$14M
NET CASH FROM FINANCING	-$824M
FREE CASH FLOW	-$133M
Net Change in Cash	-$657M

Balance Sheet

Item	Amount
Cash & Equivalents	$547M
Short-Term Investments	$0
Net Receivables	$1.6B
Inventory	$845M
Other Current Assets	$486M
TOTAL CURRENT ASSETS	$3.9B
PP&E (Net)	$37.0B
Goodwill	$0
Intangible Assets	$14M
Long-Term Investments	$2.9B
Tax Assets	$0
Other Non-Current Assets	$5.7B
TOTAL NON-CURRENT ASSETS	$45.6B
TOTAL ASSETS	$49.5B
Account Payables	$1.1B
Short-Term Debt	$3.3B
Deferred Revenue	$0
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$5.8B
Long-Term Debt	$16.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6.3B
Other Non-Current Liabilities	$5.8B
TOTAL NON-CURRENT LIABILITIES	$28.7B
TOTAL LIABILITIES	$34.5B
Common Stock	$5.1B
Additional Paid-In Capital	$0
Retained Earnings	$11.9B
Treasury Stock	-$1.4B
Accum. Other Comp. Income	-$515M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$15.1B
Minority Interest	$0
TOTAL EQUITY	$15.1B
TOTAL LIABILITIES & EQUITY	$49.5B
Total Debt	$19.8B
Net Debt	$19.3B