Exelon (EXC) 10-K Summary — Year Ended Dec 31, 2023
Exelon Corporation, a utility holding company, filed its annual 10-K for the most recent fiscal year. The filing reports revenue growth over recent periods, with positive operating income, net income, and operating cash flow.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Exelon Corporation, a utility holding company, filed its annual 10-K for the most recent fiscal year. The filing reports revenue growth over recent periods, with positive operating income, net income, and operating cash flow.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$21.7B
Revenue reported for the fiscal year.
Operating income
$4B
Income from operations reported for the year.
Net income
$2.3B
Net income reported for the year.
Operating cash flow
$4.7B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $17.9B | n/a |
| Dec 31, 2022 | $19.1B | +6.4% |
| Dec 31, 2023 | $21.7B | +13.9% |
Business overview
Exelon is a utility holding company that conducts its business through regulated electric and gas utility operations. The company's strategy focuses on utility operations, as outlined in the business overview section of the filing. It also discusses its outlook and employee-related matters.
Financial performance
Revenue has increased over the periods presented in the filing. The company reported operating income, net income, and operating cash flow, all of which are positive. These metrics reflect the company's financial results for the year.
Material risks
The filing identifies risk factors in Item 1A, which cover operational, regulatory, and market uncertainties. Specific risks are not detailed in the provided context, but the filing acknowledges the existence of such factors affecting the company's business.
Liquidity and capital
The filing includes a discussion of liquidity and capital resources, describing the company's strategies for funding its operations and investments. This section is part of the management's discussion and analysis.
What to watch
Readers should monitor the revenue trend reported in the next filing to see if growth continues.