NISOURCE INC.

10-K & 10-Q Filings

NiSource Inc. is an energy holding company with its primary subsidiaries being fully regulated natural gas and electric utilities, serving approximately 3.8 million customers in six states. The company's business strategy focuses on providing safe and reliable service through its core, rate-regulated, asset-based utilities, and adding value to all stakeholders. NiSource has two reportable segments: Gas Distribution Operations and Electric Operations. The former serves approximately 3.3 million customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland, and distributes natural gas to approximately 0.9 million customers in northern Indiana through NIPSCO. The latter generates, transmits, and distributes electricity through NIPSCO to approximately 0.5 million customers in northern Indiana and engages in wholesale electric and transmission transactions. The company's website is www.nisource.com, and its ticker symbol is NI.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$6019.10
5061.20
5657.30
6470.60
4651.80
4492.50
4874.60
4991.10
5053.40
4473.20
4731.30
5738.60
5347.80
-0.98%-6.81%Cost of Revenue (-)
$2556.40
1541.50
1815.50
2224.20
1643.70
1390.20
-123.40
-155.50
1109.30
1392.30
2110.50
1533.30
-4.17%-27.35%Gross Profit (+)
$3462.70
3519.70
3841.80
4246.40
3008.10
3102.30
4874.60
5114.50
5208.90
3363.90
3339.00
3628.10
3814.50
0.81%5.14%Selling, General & Administrative (-)
$294.70
288.30
300.60
320.30
256.10
244.30
257.20
274.80
296.80
299.20
288.30
268.30
270.60
-0.71%0.86%Depreciation & Amortization (-)
$538.20
561.90
577.30
605.50
524.40
547.10
570.30
599.60
717.40
725.90
748.40
820.80
908.20
4.46%10.65%Operating Expenses (-)
$2572.20
2477.00
2698.40
2984.00
2208.20
2244.10
3964.00
4989.80
4318.20
4130.90
3892.70
4584.80
4209.90
4.19%-8.18%Costs & Expenses (Total) (-)
$5114.00
4050.70
4549.80
5254.80
3851.90
3634.30
3964.00
4866.40
4162.70
5240.20
5285.00
6695.30
5743.20
0.97%-14.22%Operating Income/Loss (+)
$905.10
1042.70
1143.40
1262.40
799.90
858.20
910.60
124.70
890.70
550.80
1006.90
1265.80
1295.50
3.03%2.35%Non-operating Income/Expense (+)
$-438.00
-416.60
-390.60
-421.30
-460.00
-348.00
-467.50
-355.30
-384.10
-582.10
-300.30
-309.40
-481.60
-55.66%Interest Expense (-)
$376.80
418.30
414.80
443.60
380.20
349.50
353.20
353.30
378.90
370.70
341.10
361.60
489.60
2.21%35.40%Earnings before Tax (+)
$467.10
626.10
752.80
841.10
339.90
517.00
442.90
-230.60
506.60
-31.30
706.60
956.40
813.90
4.74%-14.90%Tax Expense (-)
$163.30
215.50
261.90
310.40
141.30
182.10
314.50
-180.00
123.50
-17.10
117.80
164.60
139.50
-1.30%-15.25%Income/Loss (Continuing Operations) (+)
$303.80
410.60
490.90
530.70
198.60
328.10
128.60
-50.60
383.10
-14.20
588.80
791.80
674.40
6.87%-14.83%Income/Loss (Discontinued Operations) (+)
$-4.70
5.50
41.20
-0.70
103.50
-3.40
0.10
Profit/Loss (+)
$
302.10
331.50
128.50
-50.60
383.10
-14.20
588.80
791.80
674.40
-14.83%Net Income/Loss (NCI) (-)
$
3.40
3.90
-12.30
Net Income/Loss (+)
$299.10
416.10
532.10
530.00
286.50
331.50
128.50
-65.60
328.00
-17.60
584.90
804.10
714.30
7.52%-11.17%Preferred & Other Distributions (-)
$
15.00
55.10
55.10
55.10
55.10
52.60
-4.54%Net Income/Loss (Common) (+)
$299.10
416.10
532.10
530.00
286.50
331.50
128.50
-65.60
328.00
-72.70
529.80
749.00
661.70
6.84%-11.66%EPS (Basic)
$1.06
1.43
1.70
1.68
0.90
1.03
0.39
-0.18
0.88
-0.19
1.35
1.84
1.59
3.44%-13.59%EPS (Diluted)
$1.03
1.39
1.70
1.67
0.90
1.02
0.39
-0.18
0.87
-0.19
1.27
1.70
1.48
3.07%-12.94%Weighted Avg Shares (Basic)
280.40
311.19
312.40
316.21
317.75
321.81
329.39
356.49
374.65
384.30
393.60
407.10
416.10
3.34%2.21%Weighted Avg Shares (Diluted)
288.50
313.65
319.84
323.52
330.76
356.49
376.00
384.30
417.30
442.70
447.90
3.73%1.17%Other Assets (Current)
$2248.20
2352.40
2159.20
2466.50
1577.20
1762.10
1763.30
2055.40
1853.90
Assets (Current)
$2248.20
2352.40
2159.20
2466.50
1577.20
1762.10
1763.30
2055.40
1853.90
1659.40
1920.80
2584.30
4499.40
5.95%74.11%Securities & Long-term Investments
$355.80
437.70
577.70
663.00
194.60
199.90
209.60
206.10
230.20
252.00
259.70
224.20
247.10
-2.99%10.21%Goodwill & Intangibles
$3974.90
3963.90
3941.90
3930.90
1944.40
1933.40
1922.40
1911.40
1485.90
1485.90
1485.90
1485.90
1485.90
-7.87%0.00%Other Assets
$14129.40
15090.70
15975.10
17805.90
13776.30
14796.50
16066.40
17631.10
19089.80
18643.20
20490.50
22442.20
24844.80
4.82%10.71%Assets (Non-current)
$18460.10
19492.30
20494.70
22399.80
15915.30
16929.80
18198.40
19748.60
20805.90
20381.10
22236.10
24152.30
26577.80
3.08%10.04%Assets (Total)
$20708.30
21844.70
22653.90
24866.30
17492.50
18691.90
19961.70
21804.00
22659.80
22040.50
24156.90
26736.60
31077.20
3.44%16.23%Liabilities (Current)
$3646.40
3301.60
3178.40
3954.90
2657.50
3452.20
3178.40
4036.80
3745.80
2279.40
2746.20
4660.50
5265.10
3.11%12.97%Other Liabilities
$12064.60
12988.80
13588.90
14736.10
10991.50
11168.50
12463.20
12016.30
12927.30
13923.30
14137.80
14174.30
15675.80
2.21%10.59%Liabilities (Non-current)
$12064.60
12988.80
13588.90
14736.10
10991.50
11168.50
12463.20
12016.30
12927.30
13923.30
14137.80
14174.30
15675.80
2.21%10.59%Liabilities (Total)
$15711.00
16290.40
16767.30
18691.00
13649.00
14620.70
15641.60
16053.10
16673.10
16202.70
16884.00
18834.80
20940.90
2.42%11.18%Treasury Stock
$30.50
40.50
48.60
58.90
79.30
88.70
95.90
99.90
99.90
99.90
99.90
99.90
99.90
10.39%0.00%Retained Earnings
$917.00
1059.60
1285.50
1494.00
-1123.30
-972.20
-1073.10
-1399.30
-1370.80
-1765.20
-1580.90
-1213.60
-967.00
20.32%AOCI
$-59.70
-65.50
-43.60
-50.60
-35.10
-25.10
-43.40
-37.20
-92.60
-156.70
-126.80
-37.10
-33.60
9.43%Shareholder's Equity
$4997.30
5554.30
5886.60
6175.30
3843.50
4071.20
4320.10
5750.90
5986.70
5837.80
7272.90
7901.80
10136.30
6.07%28.28%Liabilities & Equity
$20708.30
21844.70
22653.90
24866.30
17492.50
18691.90
19961.70
21804.00
22659.80
22040.50
24156.90
26736.60
31077.20
3.44%16.23%Net Income/Loss
$299.10
416.10
532.10
530.00
302.10
331.50
128.50
-50.60
383.10
-14.20
588.80
791.80
674.40
7.01%-14.83%Depreciation & Amortization
$547.10
571.60
586.70
615.50
533.10
554.70
577.70
607.10
725.60
735.30
748.40
820.80
908.20
4.31%10.65%Increase/Decrease in Working Capital
$224.10
81.40
-31.40
88.70
-231.50
292.10
416.40
-110.20
75.10
249.10
260.40
285.40
-199.90
-170.04%Share-based Compensation
$39.20
45.00
50.70
72.30
50.70
46.50
40.10
28.60
25.90
17.40
24.30
24.90
33.50
-1.30%34.54%Adjustments to Reconcile Net Income
$621.20
848.20
894.70
791.00
1154.70
476.00
613.70
590.70
1200.20
1118.20
629.10
617.60
1260.70
6.08%104.13%Net Cash (Operating)
$920.30
1275.50
1436.80
1319.60
1456.80
803.30
742.20
540.10
1583.30
1104.00
1217.90
1409.40
1935.10
6.39%37.30%Capital Expenditure
$1115.80
1473.20
1861.90
2084.90
1356.20
1475.20
1695.80
1818.20
1802.40
642.20
1837.30
2203.10
2645.80
7.46%20.09%Net Cash (Investing)
$-1149.30
-1425.20
-1891.40
-2116.60
1944.90
-1582.90
-1808.50
-1926.10
-1922.40
-879.10
-2204.90
-2570.20
-3571.60
-38.96%Increase/Decrease in Debt
$580.00
77.60
718.60
1105.50
-3028.60
986.00
1112.60
75.40
494.40
81.90
31.30
1487.50
1094.80
5.44%-26.40%Increase/Decrease in Equity
$21.30
373.50
35.60
20.10
2.10
13.70
329.50
1724.20
244.40
211.40
1121.30
141.30
-411.20
-391.01%Dividends Paid
$257.80
273.20
305.90
321.30
263.40
205.50
229.10
284.90
354.60
376.70
400.30
436.60
457.30
4.89%4.74%Net Cash (Financing)
$281.40
174.50
445.10
795.60
-3411.60
790.50
1068.70
1468.70
366.40
-247.70
956.30
1141.30
3842.20
24.34%236.65%Increase/Decrease in Cash
$
16.90
-138.20
18.20
11.70
2.30
82.70
27.30
-22.80
-30.70
-19.50
2205.70
11411.28%Cash (Beginning)
$9.20
11.50
36.30
26.80
24.90
15.50
36.00
38.40
121.10
148.40
125.60
94.90
75.40
19.16%-20.55%Cash (Ending)
$11.50
36.30
26.80
25.40
15.50
26.40
38.40
121.10
148.40
125.60
94.90
75.40
2281.10
55.40%2925.33%NOPAT
$588.67
683.81
745.61
796.52
467.37
555.92
263.99
222.04
673.56
851.72
839.04
1047.95
1073.46
5.13%2.43%Gross Margin %
57.53%
69.54%
67.91%
65.63%
64.67%
69.06%
100.00%
102.47%
103.08%
75.20%
70.57%
63.22%
71.33%
Operating Margin %
15.04%
20.60%
20.21%
19.51%
17.20%
19.10%
18.68%
2.50%
17.63%
12.31%
21.28%
22.06%
24.22%
NOPAT Margin %
9.78%
13.51%
13.18%
12.31%
10.05%
12.37%
5.42%
4.45%
13.33%
19.04%
17.73%
18.26%
20.07%
Net Margin %
4.97%
8.22%
9.41%
8.19%
6.16%
7.38%
2.64%
-1.31%
6.49%
-0.39%
12.36%
14.01%
13.36%
Tax Rate %
34.96%
34.42%
34.79%
36.90%
41.57%
35.22%
71.01%
-78.06%
24.38%
-54.63%
16.67%
17.21%
17.14%
ROA
2.84%
3.13%
3.29%
3.20%
2.67%
2.97%
1.32%
1.02%
2.97%
3.86%
3.47%
3.92%
3.45%
ROE
11.78%
12.31%
12.67%
12.90%
12.16%
13.65%
6.11%
3.86%
11.25%
14.59%
11.54%
13.26%
10.59%
ROIC
14.81%
17.25%
18.91%
20.26%
24.04%
28.75%
13.73%
11.62%
45.33%
57.32%
56.47%
70.53%
72.24%
Asset Turnover
0.29
0.23
0.25
0.26
0.27
0.24
0.24
0.23
0.22
0.20
0.20
0.21
0.17
Equity Multiplier
4.14
3.93
3.85
4.03
4.55
4.59
4.62
3.79
3.79
3.78
3.32
3.38
3.07
Dividend Payout Ratio %
43.79%
39.95%
41.03%
40.34%
56.36%
36.97%
86.78%
128.31%
52.65%
44.23%
47.71%
41.66%
42.60%
Total Payout
$-343.50
-177.90
-448.30
-804.30
3289.90
-794.20
-1213.00
-1514.70
-384.20
83.40
-752.30
-1192.20
-226.30
81.02%Payout Ratio %
-58.35%
-26.02%
-60.13%
-100.98%
703.91%
-142.86%
-459.49%
-682.18%
-57.04%
9.79%
-89.66%
-113.76%
-21.08%