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NI - NiSource Inc.

NYSE -> Utilities -> Utilities—Regulated Gas
Merrillville, United States
Type: Equity

NI price evolution
NI
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $2281.1 $106.6 $191.1 $148.3
Short term investments
Net receivables $928 $607.4 $646.7 $1014.9
Inventory $503.2 $541.5 $462.7 $376.3
Total current assets $4499.4 $1815.4 $1856.9 $2336.5
Long term investments $247.1 $243.5 $237.2 $226.9
Property, plant & equipment $22274.9 $21712 $21175.2 $20227.6
Goodwill & intangible assets $1485.9 $1485.9 $1485.9 $1485.9
Total noncurrent assets $26577.8 $26012.8 $25486.8 $24517.2
Total investments $247.1 $243.5 $237.2 $226.9
Total assets $31077.2 $27828.2 $27343.7 $26853.7
Current liabilities
Accounts payable $799.9 $692.3 $751.4 $661.8
Deferred revenue
Short long term debt $3072.4 $2246.7 $1619.3 $1311.9
Total current liabilities $5265.1 $4395.4 $4091.2 $3906.9
Long term debt $11055.5 $11011.3 $11002.8 $10264.7
Total noncurrent liabilities $15675.8 $15663.5 $15681.1 $14943.1
Total debt $14127.9 $13258 $12622.1 $11576.6
Total liabilities $20940.9 $20058.9 $19772.3 $18850
Shareholders' equity
Retained earnings -$967 -$1200.6 -$1173.8 -$1114.8
Other shareholder equity -$33.6 -$36.9 -$35.8 -$34.7
Total shareholder equity $8269.6 $7212.4 $7230.4 $7674.2
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $2281.1 $75.4 $94.9 $125.6
Short term investments
Net receivables $928 $1170 $925.2 $825.4
Inventory $503.2 $751.9 $498.7 $401.1
Total current assets $4499.4 $2584.3 $1920.8 $1659.4
Long term investments $247.1 $224.2 $259.7 $252
Property, plant & equipment $22274.9 $19878.3 $17881.8 $16619.5
Goodwill & intangible assets $1485.9 $1485.9 $1485.9 $1485.9
Total noncurrent assets $26577.8 $24152.3 $22236.1 $20381.1
Total investments $247.1 $224.2 $259.7 $252
Total assets $31077.2 $26736.6 $24156.9 $22040.5
Current liabilities
Accounts payable $799.9 $899.5 $805.5 $637.5
Deferred revenue
Short long term debt $3072.4 $1791.9 $618.1 $526.3
Total current liabilities $5265.1 $4660.5 $2746.2 $2279.4
Long term debt $11055.5 $9523.6 $9183.4 $9219.8
Total noncurrent liabilities $15675.8 $14174.3 $14137.8 $13923.3
Total debt $14127.9 $11315.5 $9801.5 $9746.1
Total liabilities $20940.9 $19161.2 $16884 $16202.7
Shareholders' equity
Retained earnings -$967 -$1213.6 -$1580.9 -$1765.2
Other shareholder equity -$33.6 -$24.5 -$126.8 -$156.7
Total shareholder equity $8269.6 $7575.4 $6947.3 $5752.2
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $1422 $1027.4 $1090 $1966
Cost of revenue $335 $181.3 $251.9 $765.1
Gross Profit $1087 $846.1 $838.1 $1200.9
Operating activities
Research & development
Selling, general & administrative $393 $341.2 $369.5 $391.2
Total operating expenses $724.4 $613.1 $669.2 $669.9
Operating income $362.6 $233 $168.9 $531
Income from continuing operations
EBIT $414.2 $218.1 $183.4 $527.7
Income tax expense $35.8 $3.8 $14.1 $85.8
Interest expense $141 $129.2 $110.5 $108.9
Net income
Net income $237.4 $85.1 $58.8 $333
Income (for common shares) $225.6 $77 $39.9 $319.2
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $5505.4 $5850.6 $4899.6 $4681.7
Cost of revenue $1533.3 $2110.5 $1392.3 $1109.3
Gross Profit $3972.1 $3740.1 $3507.3 $3572.4
Operating activities
Research & development
Selling, general & administrative $1494.9 $1489.4 $1456 $1585.9
Total operating expenses $2676.6 $2474.3 $2500.4 $3021.6
Operating income $1295.5 $1265.8 $1006.9 $550.8
Income from continuing operations
EBIT $1343.4 $1330.3 $1043.8 $336
Income tax expense $139.5 $164.6 $117.8 -$17.1
Interest expense $489.6 $361.6 $341.1 $370.7
Net income
Net income $714.3 $804.1 $584.9 -$17.6
Income (for common shares) $661.7 $749 $529.8 -$72.7
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $237.4 $85.1 $58.8 $333
Operating activities
Depreciation $257.3 $210.9 $233.1 $206.9
Business acquisitions & disposals
Stock-based compensation $33.5
Total cash flows from operations $399.2 $344.9 $507.6 $683.4
Investing activities
Capital expenditures -$760.2 -$723.7 -$604.8 -$557.1
Investments -$2.9
Total cash flows from investing -$1068.3 -$1127.7 -$647.8 -$727.8
Financing activities
Dividends paid -$103.4 -$103.5 -$103.4 -$103.2
Sale and purchase of stock $3.3 $3.3 $3.3 $3
Net borrowings $819.6 $622 $1044.7 $255.7
Total cash flows from financing $2843.6 $698.3 $183 $117.3
Effect of exchange rate
Change in cash and equivalents $2174.5 -$84.5 $42.8 $72.9
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $714.3 $804.1 $584.9 -$17.6
Operating activities
Depreciation $908.2 $820.8 $748.4 $725.9
Business acquisitions & disposals
Stock-based compensation $33.5 $24.9 $24.3 $17.4
Total cash flows from operations $1935.1 $1409.4 $1217.9 $1104
Investing activities
Capital expenditures -$2645.8 -$2203.1 -$1838 -$1758.1
Investments -$2.9 $2.2 -$5.1 -$13.3
Total cash flows from investing -$3571.6 -$2570.2 -$2204.9 -$879.1
Financing activities
Dividends paid -$413.5 -$381.5 -$345.2 -$321.6
Sale and purchase of stock $12.9 $154.3 $1139.5 $211.4
Net borrowings $2394.8 $1487.5 $31.3 $81.9
Total cash flows from financing $3842.2 $1141.3 $956.3 -$247.7
Effect of exchange rate
Change in cash and equivalents $2205.7 -$19.5 -$30.7 -$22.8
Fundamentals
Market cap $12.29B
Enterprise value $24.13B
Shares outstanding 447.42M
Revenue $5.51B
EBITDA $2.25B
EBIT $1.34B
Net Income $714.30M
Revenue Q/Q -16.58%
Revenue Y/Y -5.90%
P/E ratio 17.20
EV/Sales 4.38
EV/EBITDA 10.72
EV/EBIT 17.96
P/S ratio 2.23
P/B ratio 1.48
Book/Share 18.56
Cash/Share 5.10
EPS $1.60
ROA 2.53%
ROE 9.40%
Debt/Equity 2.53
Net debt/EBITDA 8.29
Current ratio 0.85
Quick ratio 0.76