Ameren (AEE) FY2011 results: revenue $6.1 billion, down 19.5% on the year
Ameren Corp. (AEE) reported revenue of $6.1 billion for fiscal 2011, the year ended 31 December 2011, down 19.5% on the year before. Net income was $519 million, up 273.4%, and diluted earnings per share $2.15. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$6.1 billion
-19.5% on the year
FY2007FY2011
Operating margin
16.8%
12.0% a year earlier
FY2007FY2011
Net income
$519 million
+273.4% on the year
FY2007FY2011
Diluted EPS
$2.15
+270.7% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
6,148
7,638
7,135
-19.5%
Operating income
1,033
916
1,416
+12.8%
Operating margin
16.8%
12.0%
19.8%
Interest expense
387
497
508
-22.1%
Pre-tax income
691
476
956
+45.2%
Income tax
254
325
332
-21.8%
Effective tax rate
36.8%
68.3%
34.7%
Net income
519
139
612
+273.4%
Net margin
8.4%
1.8%
8.6%
Diluted EPS
$2.15
$0.58
$2.78
+270.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
1,878
1,823
1,967
+3.0%
Capital expenditure
881
1,042
1,710
-15.5%
Free cash flow
997
781
257
+27.7%
Free cash flow margin
16.2%
10.2%
3.6%
Cash from investing
-1,048
-1,096
-1,781
Cash from financing
-1,120
-804
344
Depreciation and amortisation
602
746
708
-19.3%
Share-based compensation
17.0
15.0
n/a
+13.3%
Dividends paid
375
368
338
+1.9%
Dividend per share
$1.55
$1.54
$1.54
+1.0%
Diluted shares, weighted
242m
239m
220m
+1.4%
Shares outstanding at period end
243m
240m
237m
+0.9%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
7,919
7,730
7,853
+2.4%
Non-controlling interest
149
154
204
-3.2%
Short-term borrowings
n/a
n/a
20.0
Debt
7,004
7,737
7,317
-9.5%
Other liabilities
8,651
7,894
8,308
+9.6%
Total liabilities and equity
23,723
23,515
23,702
+0.9%
Fixed assets
14,848
17,853
17,610
-16.8%
Goodwill
411
411
831
0.0%
Intangible assets
7.0
7.0
129
0.0%
Securities held for sale or to maturity
430
n/a
n/a
Cash and equivalents
248
538
622
-53.9%
Receivables
424
517
424
-18.0%
Inventory
550
707
782
-22.2%
Other assets
6,805
3,482
3,304
+95.4%
Total assets
23,723
23,515
23,702
+0.9%
10-K for the year ended 31 December 2011, filed 1 March 2013: the filing.