Avangrid Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 2013
Revenue	8,309	7,923	6,974	6,320	6,336	Upgrade
Revenue Growth (YoY)	4.87%	13.61%	10.35%	-0.25%	-2.18%	Upgrade
Cost of Revenue	6,221	5,986	5,065	4,464	4,405	Upgrade
Gross Profit	2,088	1,937	1,909	1,856	1,931	Upgrade
Other Operating Expenses	1,158	1,085	1,014	987	933	Upgrade
Operating Expenses	1,158	1,085	1,014	987	933	Upgrade
Operating Income	930	852	895	869	998	Upgrade
Interest Expense / Income	409	303	298	316	310	Upgrade
Other Expense / Income	-256	-352	-131	-57	-148	Upgrade
Pretax Income	777	901	728	610	836	Upgrade
Income Tax	-9	20	21	29	169	Upgrade
Net Income	786	881	707	581	667	Upgrade
Net Income Growth	-10.78%	24.61%	21.69%	-12.89%	13.63%	Upgrade
Shares Outstanding (Basic)	387	387	358	309	309	Upgrade
Shares Outstanding (Diluted)	387	387	359	310	310	Upgrade
Shares Change	-0.01%	7.99%	15.84%	0.01%	-0.06%	Upgrade
EPS (Basic)	2.03	2.28	1.97	1.88	2.16	Upgrade
EPS (Diluted)	2.03	2.27	1.97	1.88	2.16	Upgrade
EPS Growth	-10.57%	15.23%	4.79%	-12.96%	14.29%	Upgrade
Free Cash Flow	-1,876	-1,330	-1,261	-1,438	-1,055	Upgrade
Free Cash Flow Per Share	-4.85	-3.44	-3.52	-4.65	-3.41	Upgrade
Dividend Per Share	1.760	1.760	1.760	1.760	1.760	Upgrade
Dividend Growth	0%	0%	0%	0%	0.92%	Upgrade
Gross Margin	25.13%	24.45%	27.37%	29.37%	30.48%	Upgrade
Operating Margin	11.19%	10.75%	12.83%	13.75%	15.75%	Upgrade
Profit Margin	9.46%	11.12%	10.14%	9.19%	10.53%	Upgrade
Free Cash Flow Margin	-22.58%	-16.79%	-18.08%	-22.75%	-16.65%	Upgrade
Effective Tax Rate	-1.16%	2.22%	2.88%	4.75%	20.22%	Upgrade
EBITDA	2,344	2,289	2,040	1,913	2,079	Upgrade
EBITDA Margin	28.21%	28.89%	29.25%	30.27%	32.81%	Upgrade
Depreciation & Amortization	1,158	1,085	1,014	987	933	Upgrade
EBIT	1,186	1,204	1,026	926	1,146	Upgrade
EBIT Margin	14.27%	15.20%	14.71%	14.65%	18.09%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).