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NiSource NI Sale of Subsidiary Stock

Other financials

Income statement

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Revenue$2.3B+8.0%
Gross profit$1.7B+10.1%
Operating income$819.2M+7.9%
Net income$507.1M+6.8%
EPS (diluted)$1.06+6.0%

Balance sheet

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Cash & equivalents$71.9M-72.3%
Total debt$16.7B+23.1%
Total equity$9.7B+8.6%
Total assets$36.6B+10.6%

Cash flow

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Operating cash flow$442.3M-35.6%
CapEx$805.2M+26.3%
Free cash flow-$362.9M-839%

Valuation

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Market cap$22.84B+22.8%
Enterprise value$39.51B+23.7%
P/E23.7×+2.4×
P/S2×+0.1×

Profitability

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Gross margin44.9%-0.7pp
Operating margin16.7%-0.3pp
Net margin8.5%-0.6pp
FCF margin-7.3%+0.7pp

Returns & leverage

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Return on equity10.4%0.0pp
Debt / equity1.7×+0.2×
Current ratio0.6×+0.1×

Questions, answered.

What does sale of subsidiary stock mean?
This metric tracks the proceeds received or the financial impact resulting from the sale of equity interests in a subsidiary or business unit. It reflects strategic divestitures or the partial monetization of assets to optimize the corporate portfolio. This activity often impacts the parent company's cash position and noncontrolling interest balances.