Avangrid, Inc. (AGR) — Financial statements
Income statement, balance sheet, and cash flow for Avangrid, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 8,309↑4.9% | 7,923↑13.6% | 6,974↑10.3% | 6,320↓0.3% | 6,338 | |
| Cost of Revenue | 5,538↑3.9% | 5,328↑20.4% | 4,425↑15.1% | 3,845↑0.9% | 3,810 | |
| Gross Profit | 2,771↑6.8% | 2,595↑1.8% | 2,549↑3.0% | 2,475↓2.1% | 2,528 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00↓100.0% | 40 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 22↓62.1% | 58↑56.8% | 37↓40.3% | 62↓21.5% | 79 | |
| Other Expenses | 1,819↑4.4% | 1,743↑5.4% | 1,654↑3.0% | 1,606↑5.3% | 1,525 | |
| Operating Expenses | 1,841↑5.6% | 1,743↑5.4% | 1,654↑3.0% | 1,606↑5.3% | 1,525 | |
| Total Costs & Expenses | 7,379↑4.4% | 7,071↑16.3% | 6,079↑11.5% | 5,451↑2.2% | 5,335 | |
| Operating Results | ||||||
| Operating Income | 930↓18.7% | 1,144↑27.8% | 895↑3.0% | 869↓13.4% | 1,003 | |
| Depreciation & Amortization | 1,158↑5.4% | 1,099↑7.1% | 1,026↑2.8% | 998↑5.6% | 945 | |
| EBITDA | 2,223↑17.4% | 1,893↓4.8% | 1,988↑5.9% | 1,878↓8.9% | 2,061 | |
| EBIT | 1,065↓6.9% | 1,144↑18.9% | 962↑9.3% | 880↓21.1% | 1,116 | |
| Interest & Other Income | ||||||
| Net Interest Income | -409↓35.0% | -303↓1.7% | -298↑5.7% | -316↓1.9% | -310 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 409↑35.0% | 303↑1.7% | 298↓5.7% | 316↑1.9% | 310 | |
| Non-Operating Income | -135↑53.8% | -292↓335.8% | -67↓509.1% | -11↓200.0% | 11 | |
| Other Income / Expenses | -274↓2390.9% | -11↑95.2% | -231↑23.3% | -301↑4.4% | -315 | |
| Income Before Tax | 656↓22.0% | 841↑26.7% | 664↑16.9% | 568↓30.6% | 819 | |
| Income Tax Expense | -9↓145.0% | 20↓4.8% | 21↓27.6% | 29↓79.7% | 143 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 665↓19.0% | 821↑27.7% | 643↑19.3% | 539↓16.2% | 643 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 786↓10.8% | 881↑24.6% | 707↑21.7% | 581↓17.0% | 700 | |
| Bottom-Line Net Income | 786↓10.8% | 881↑24.6% | 707↑21.7% | 581↓12.9% | 667 | |
| EPS (Basic) | 2.03↓11.0% | 2.28↑15.7% | 1.97↑4.8% | 1.88↓13.0% | 2.16 | |
| EPS (Diluted) | 2.03↓11.0% | 2.28↑15.7% | 1.97↑4.8% | 1.88↓12.6% | 2.15 | |
| Weighted Average Shares | 387↑0.0% | 387↑8.0% | 358↑15.7% | 309↑0.0% | 309 | |
| Weighted Average Diluted Shares | 387↓0.0% | 387↑8.0% | 359↑15.8% | 310↑0.0% | 310 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.