The company said full-year 2023 net income was $2,563 million ($5.13 per diluted share), compared with $1,031 million ($2.06 per share) in 2022. Non-GAAP Operating Earnings were $1,742 million ($3.48 per share), compared with $1,739 million ($3.47 per share) in 2022.

1. 01

   The company said full-year 2023 net income was $2,563 million ($5.13 per diluted share), compared with $1,031 million ($2.06 per share) in 2022. Non-GAAP Operating Earnings were $1,742 million ($3.48 per share), compared with $1,739 million ($3.47 per share) in 2022.

2. 02

   The company said reconciling items for full-year 2023 totaled $(821) million, adjusting net income of $2,563 million to non-GAAP Operating Earnings of $1,742 million. The adjustments include, on a pre-tax basis, (gain) loss on mark-to-market of $(1,334) million and pension settlement charges of $338 million, among others.

3. 03

   The company said net cash provided by operating activities for full-year 2023 was $3,806 million (2022: $1,503 million), and net cash used in investing activities was $(2,958) million. Net cash from financing activities was $(1,260) million, and cash, cash equivalents and restricted cash at year-end was $99 million.

4. 04

   The company said it reaffirmed its non-GAAP Operating Earnings guidance range of $3.60 to $3.70 per share for 2024. It also said it updated its 5-year regulated capital spending plan to $18 billion to $21 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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