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Essential Utilities, Inc. (WTR)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Dec-31-22Jun-30-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17
   8-K8-K8-K10-K10-K10-K10-K10-K
Total revenues  782.41,626.8782.71,878.11,462.783.5838.1809.5
            Revenue growth  0.0%-13.4% 28.4%1651.3%-90.0%3.5%-1.3%
Cost of goods sold  271.5613.6277.6890.8694.4333.1308.5282.3
Gross profit  510.91,013.2505.1987.3768.3-249.6529.6527.3
            Gross margin  65.3%62.3%64.5%52.6%52.5%-298.8%63.2%65.1%
Selling, general and administrative   [+]43.290.044.7384.6333.7216.4206.4193.4
EBITDA   [+]550.6983.4523.4900.7691.7344.7469.9470.6
            EBITDA margin  70.4%60.4%66.9%48.0%47.3%412.7%56.1%58.1%
Depreciation and amortization  167.9315.8155.3298.0257.1156.5146.7136.7
EBITA  382.8667.5368.1602.7434.7188.2323.2333.9
            EBITA margin  48.9%41.0%47.0%32.1%29.7%225.4%38.6%41.2%
Amortization of intangibles  1.65.42.2     
EBIT   [+]381.2662.2365.8602.7434.7188.2323.2333.9
            EBIT margin  48.7%40.7%46.7%32.1%29.7%225.4%38.6%41.2%
Non-recurring items   [+]0.51.00.5     
Interest expense, net   [+]141.9-3.7108.9     
Other income (expense), net   [+]11.9-214.016.027.018.7148.7-45.811.3
Pre-tax income  250.8450.9272.5422.0265.0211.5178.3256.7
Income taxes  -31.9-14.3-9.1-9.6-19.9-13.0-13.716.9
            Tax rate         6.6%
Net income  282.7465.2281.7431.6284.8224.5192.0239.7
            Net margin  36.1%28.6%36.0%23.0%19.5%268.8%22.9%29.6%
   
Basic EPS   [+]$1.07$1.77$1.07$1.68$1.14$1.04$1.08$1.35
Diluted EPS   [+]$1.07$1.77$1.07$1.67$1.12$1.04$1.08$1.35
   
Dividends per share   [+]   $1.04$0.97$0.91$0.85$0.79
   
Shares outstanding (basic)   [+]264.3262.2262.0257.5249.8215.6177.9177.6
Shares outstanding (diluted)   [+]264.8262.9262.5258.2254.6215.9178.4178.2
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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