See more : Kaisun Holdings Limited (8203.HK) Income Statement Analysis – Financial Results
Complete financial analysis of Consolidated Edison, Inc. (ED) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Consolidated Edison, Inc., a leading company in the Regulated Electric industry within the Utilities sector.
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Consolidated Edison, Inc. (ED)
About Consolidated Edison, Inc.
Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. In addition, it operates 533 circuit miles of transmission lines; 15 transmission substations; 64 distribution substations; 87,564 in-service line transformers; 3,924 pole miles of overhead distribution lines; and 2,291 miles of underground distribution lines, as well as 4,350 miles of mains and 377,971 service lines for natural gas distribution. Further, the company owns, operates, and develops renewable and energy infrastructure projects; and provides energy-related products and services to wholesale and retail customers, as well as invests in electric and gas transmission projects. It primarily sells electricity to industrial, commercial, residential, and government customers. The company was founded in 1823 and is based in New York, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 14.66B | 15.67B | 13.68B | 12.25B | 12.57B | 12.34B | 12.03B | 12.08B | 12.55B | 12.92B | 12.35B | 12.19B | 12.94B | 13.33B | 13.03B | 13.58B | 13.12B | 12.14B | 11.69B | 9.76B | 9.83B | 8.48B | 9.63B | 9.43B | 7.49B | 7.09B | 7.12B | 6.96B | 6.54B | 6.37B | 6.27B | 5.93B | 5.87B | 5.74B | 5.55B | 5.11B | 5.09B | 5.20B | 5.50B |
| Cost of Revenue | 7.26B | 7.99B | 6.01B | 5.10B | 5.81B | 6.10B | 5.93B | 6.36B | 7.06B | 7.81B | 7.19B | 7.07B | 5.00B | 5.73B | 6.24B | 7.58B | 7.23B | 6.70B | 6.71B | 5.41B | 5.28B | 4.07B | 4.88B | 4.78B | 2.74B | 2.27B | 2.43B | 2.26B | 1.87B | 1.70B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 7.41B | 7.69B | 7.67B | 7.15B | 6.77B | 6.24B | 6.11B | 5.72B | 5.49B | 5.11B | 5.16B | 5.12B | 7.94B | 7.59B | 6.79B | 6.00B | 5.90B | 5.44B | 4.98B | 4.35B | 4.55B | 4.42B | 4.75B | 4.65B | 4.75B | 4.82B | 4.70B | 4.70B | 4.67B | 4.68B | 6.27B | 5.93B | 5.87B | 5.74B | 5.55B | 5.11B | 5.09B | 5.20B | 5.50B |
| Gross Profit Ratio | 50.50% | 49.04% | 56.07% | 58.38% | 53.81% | 50.56% | 50.74% | 47.35% | 43.76% | 39.57% | 41.79% | 42.00% | 61.35% | 56.98% | 52.10% | 44.17% | 44.93% | 44.84% | 42.57% | 44.56% | 46.30% | 52.07% | 49.30% | 49.27% | 63.44% | 68.00% | 65.94% | 67.46% | 71.38% | 73.38% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 27.00M | 25.00M | 24.00M | 24.00M | 24.00M | 24.00M | 24.00M | 23.00M | 22.00M | 18.00M | 21.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 745.00M | 3.91B | 3.25B | 2.81B | 3.18B | 3.15B | 3.14B | 205.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 3.46B | 5.06B | 4.84B | 4.50B | 4.09B | -193.00M | 26.00M | -37.00M | -16.00M | -14.00M | -15.00M | -16.00M | 5.70B | 5.47B | 4.89B | 4.34B | 4.05B | 3.78B | 3.45B | 3.13B | 3.29B | 2.96B | 3.16B | 3.31B | 3.33B | 3.36B | 3.27B | 3.28B | 3.23B | 3.20B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 4.21B | 5.06B | 4.84B | 4.50B | 4.09B | 3.70B | 3.50B | 3.25B | 3.07B | 2.95B | 2.92B | 2.78B | 5.70B | 5.47B | 4.89B | 4.34B | 4.05B | 3.78B | 3.45B | 3.13B | 3.29B | 2.96B | 3.16B | 3.31B | 3.33B | 3.36B | 3.27B | 3.28B | 3.23B | 3.20B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost & Expenses | 11.47B | 13.05B | 10.85B | 9.59B | 9.90B | 9.80B | 9.42B | 9.60B | 10.13B | 10.76B | 10.11B | 9.85B | 10.70B | 11.21B | 11.13B | 11.92B | 11.27B | 10.47B | 10.17B | 8.54B | 8.57B | 7.02B | 8.04B | 8.10B | 6.07B | 5.63B | 5.69B | 5.55B | 5.10B | 4.90B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Income | 0.00 | 99.00M | 14.00M | 1.03B | 96.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 1.02B | 951.00M | 919.00M | 1.02B | 991.00M | 819.00M | 729.00M | 696.00M | 653.00M | 591.00M | 719.00M | 604.00M | 594.00M | 609.00M | 611.00M | 544.00M | 517.00M | 550.00M | 464.00M | 444.00M | 970.00M | 1,122.14B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 2.03B | 2.06B | 2.03B | 1.92B | 1.68B | 1.44B | 1.34B | 1.22B | 1.13B | 1.07B | 1.02B | 955.00M | 884.00M | 840.00M | 791.00M | 717.00M | 667.00M | 621.00M | 584.00M | 551.00M | 529.00M | 494.55M | 526.24M | 586.41M | 526.20M | 518.50M | 502.80M | 496.40M | 455.80M | 422.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 6.06B | 5.03B | 4.72B | 4.37B | 4.28B | 3.80B | 3.95B | 3.69B | 3.56B | 3.24B | 3.27B | 3.30B | 3.14B | 3.00B | 2.72B | 2.72B | 2.48B | 2.27B | 2.09B | 1.48B | 1.46B | 1.98B | 2.12B | 1.92B | 1.95B | 1.98B | 1.92B | 1.91B | 1.89B | 1.90B | 6.27B | 5.93B | 5.87B | 5.74B | 5.55B | 5.11B | 5.09B | 5.20B | 5.50B |
| EBITDA Ratio | 41.34% | 32.33% | 34.61% | 35.69% | 34.21% | 30.62% | 33.04% | 30.23% | 28.21% | 24.93% | 26.33% | 26.90% | 24.14% | 22.21% | 20.64% | 15.11% | 18.89% | 18.72% | 17.87% | 18.01% | 18.08% | 22.66% | 22.24% | 20.62% | 25.96% | 27.94% | 27.22% | 27.41% | 28.84% | 29.83% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Income | 3.20B | 2.62B | 2.83B | 2.65B | 2.68B | 2.66B | 2.61B | 2.58B | 2.43B | 2.21B | 2.24B | 2.34B | 2.24B | 2.12B | 1.90B | 1.66B | 1.85B | 1.67B | 1.52B | 1.22B | 1.26B | 1.46B | 1.59B | 1.33B | 1.42B | 1.46B | 1.43B | 1.41B | 1.44B | 1.47B | 6.27B | 5.93B | 5.87B | 5.74B | 5.55B | 5.11B | 5.09B | 5.20B | 5.50B |
| Operating Income Ratio | 21.80% | 16.75% | 20.66% | 21.67% | 21.28% | 21.59% | 21.69% | 21.33% | 19.33% | 17.10% | 18.16% | 19.19% | 17.31% | 15.91% | 14.57% | 12.21% | 14.08% | 13.73% | 13.02% | 12.53% | 12.81% | 17.19% | 16.53% | 14.14% | 18.95% | 20.60% | 20.06% | 20.27% | 22.00% | 23.13% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Total Other Income/Expenses | -193.00M | -526.00M | -1.44B | -1.42B | -940.00M | -881.00M | -777.00M | -837.00M | -629.00M | -549.00M | -706.00M | -598.00M | -577.00M | -569.00M | -580.00M | -202.00M | -485.00M | -131.00M | -65.00M | -110.00M | -235.00M | -399.00M | -454.00M | -430.33M | -332.60M | -325.80M | -320.50M | -319.20M | -316.50M | -301.40M | -6.27B | -5.93B | -5.87B | -5.74B | -5.55B | -5.11B | -5.09B | -5.20B | -5.50B |
| Income Before Tax | 3.00B | 2.10B | 1.38B | 1.23B | 1.74B | 1.78B | 2.00B | 1.94B | 1.80B | 1.66B | 1.54B | 1.74B | 1.66B | 1.55B | 1.32B | 1.45B | 1.36B | 1.13B | 1.07B | 821.00M | 851.00M | 1.06B | 1.14B | 903.60M | 1.09B | 1.14B | 1.09B | 1.09B | 1.12B | 1.17B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 20.48% | 13.39% | 10.11% | 10.08% | 13.81% | 14.45% | 16.60% | 16.09% | 14.32% | 12.85% | 12.45% | 14.28% | 12.85% | 11.64% | 10.12% | 10.65% | 10.38% | 9.29% | 9.18% | 8.41% | 8.66% | 12.46% | 11.82% | 9.58% | 14.51% | 16.00% | 15.34% | 15.67% | 17.16% | 18.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 487.00M | 498.00M | 190.00M | 90.00M | 296.00M | 401.00M | 472.00M | 698.00M | 605.00M | 568.00M | 476.00M | 600.00M | 600.00M | 548.00M | 440.00M | 524.00M | 437.00M | 390.00M | 341.00M | 272.00M | 315.00M | 376.39M | 442.63M | 307.17M | 372.80M | 405.40M | 379.70M | 396.20M | 397.60M | 438.60M | -658.50M | -604.10M | -566.90M | -571.50M | -606.10M | -599.30M | -550.10M | -546.40M | -563.70M |
| Net Income | 2.52B | 1.66B | 1.35B | 1.10B | 1.34B | 1.38B | 1.53B | 1.25B | 1.19B | 1.09B | 1.06B | 1.14B | 1.06B | 1.00B | 879.00M | 1.20B | 929.00M | 737.00M | 719.00M | 537.00M | 539.00M | 658.49M | 695.84M | 596.43M | 714.20M | 729.70M | 712.80M | 694.10M | 723.90M | 734.30M | 658.50M | 604.10M | 566.90M | 571.50M | 606.10M | 599.30M | 550.10M | 546.40M | 563.70M |
| Net Income Ratio | 17.18% | 10.59% | 9.84% | 8.99% | 10.68% | 11.20% | 12.67% | 10.31% | 9.50% | 8.45% | 8.60% | 9.36% | 8.21% | 7.53% | 6.74% | 8.81% | 7.08% | 6.07% | 6.15% | 5.50% | 5.48% | 7.76% | 7.22% | 6.32% | 9.53% | 10.29% | 10.01% | 9.97% | 11.07% | 11.52% | 10.51% | 10.18% | 9.65% | 9.96% | 10.92% | 11.73% | 10.80% | 10.51% | 10.25% |
| EPS | 7.24 | 4.68 | 3.86 | 3.29 | 4.09 | 4.43 | 4.97 | 4.15 | 4.07 | 3.73 | 3.62 | 3.88 | 3.59 | 3.49 | 3.16 | 4.38 | 3.49 | 2.96 | 2.95 | 2.28 | 2.39 | 3.03 | 3.22 | 2.75 | 3.14 | 3.04 | 2.95 | 2.93 | 2.93 | 2.98 | 2.66 | 2.46 | 2.32 | 2.34 | 2.49 | 2.47 | 2.21 | 2.13 | 2.13 |
| EPS Diluted | 7.21 | 4.67 | 3.85 | 3.28 | 4.08 | 4.42 | 4.94 | 4.12 | 4.05 | 3.71 | 3.61 | 3.86 | 3.57 | 3.47 | 3.14 | 4.37 | 3.47 | 2.95 | 2.94 | 2.27 | 2.38 | 3.02 | 3.21 | 2.74 | 3.13 | 3.04 | 2.95 | 2.93 | 2.93 | 2.98 | 2.66 | 2.46 | 2.32 | 2.34 | 2.49 | 2.47 | 2.21 | 2.13 | 2.13 |
| Weighted Avg Shares Out | 347.70M | 354.50M | 348.40M | 334.80M | 328.50M | 311.70M | 307.10M | 300.40M | 293.00M | 292.90M | 292.90M | 292.90M | 292.60M | 284.30M | 275.20M | 272.90M | 266.30M | 249.30M | 243.90M | 230.26M | 216.32M | 213.20M | 212.00M | 212.00M | 223.00M | 234.30M | 235.08M | 234.98M | 234.93M | 234.75M | 234.17M | 230.77M | 228.45M | 228.38M | 228.43M | 227.41M | 231.81M | 238.64M | 246.62M |
| Weighted Avg Shares Out (Dil) | 349.30M | 355.80M | 349.40M | 335.70M | 329.50M | 312.90M | 308.80M | 301.90M | 294.40M | 294.00M | 294.40M | 294.50M | 294.40M | 285.90M | 276.30M | 273.60M | 267.30M | 250.30M | 244.70M | 236.00M | 221.00M | 213.20M | 212.46M | 212.71M | 223.83M | 234.30M | 235.08M | 234.98M | 234.93M | 234.75M | 234.17M | 230.77M | 228.45M | 228.38M | 228.43M | 227.41M | 231.81M | 238.64M | 246.62M |
Con Edison Announces Common Share Offering with a Forward Component
NEW YORK , Dec. 3, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today announced the public offering of 7,000,000 of its common shares. In connection with the forward sale agreement described below, the forward counterparty (as defined...
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Consolidated Edison's Q3 Earnings Beat Estimates, Revenues Rise Y/Y
ED's third-quarter earnings beat the Zacks Consensus Estimate by 7.7%. Its revenues also surpass the consensus estimate by 1.9%.
Here's What Key Metrics Tell Us About Con Ed (ED) Q3 Earnings
The headline numbers for Con Ed (ED) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
CON EDISON REPORTS 2024 THIRD QUARTER EARNINGS
NEW YORK , Nov. 7, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2024 third quarter net income for common stock of $588 million or $1.70 a share compared with $526 million or $1.53 a share...
Analysts Estimate Consolidated Edison (ED) to Report a Decline in Earnings: What to Look Out for
Con Ed (ED) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Con Edison to Report 3rd Quarter 2024 Earnings on November 7
NEW YORK , Oct. 23, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) plans to report its 3rd Quarter 2024 earnings on November 7, 2024 after the market closes. Consolidated Edison, Inc. is one of the nation's largest...
Brooklyn to Receive a Charge From Electric School Bus Batteries with New Vehicle-to-Everything Smart Energy Hub Built by First Student and Con Edison
Twelve electric school buses topped with solar panels will also serve local schools as part of revolutionary demonstration project BROOKLYN, N.Y. , Oct. 22, 2024 /PRNewswire/ -- The Brooklyn community is on the brink of a transformative change, as the...
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