Ameren (AEE) FY2014 results: revenue $6.1 billion, up 3.7% on the year
Ameren Corp. (AEE) reported revenue of $6.1 billion for fiscal 2014, the year ended 31 December 2014, up 3.7% on the year before. Net income was $586 million, up 102.8%, and diluted earnings per share $2.40. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2015.
Revenue
$6.1 billion
+3.7% on the year
FY2007FY2014
Operating margin
20.7%
20.3% a year earlier
FY2007FY2014
Net income
$586 million
+102.8% on the year
FY2007FY2014
Diluted EPS
$2.40
+103.4% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
6,053
5,838
5,781
+3.7%
Operating income
1,254
1,184
1,188
+5.9%
Operating margin
20.7%
20.3%
20.6%
Interest expense
341
398
392
-14.3%
Pre-tax income
970
829
829
+17.0%
Income tax
377
311
307
+21.2%
Effective tax rate
38.9%
37.5%
37.0%
Net income
586
289
-974
+102.8%
Net margin
9.7%
5.0%
-16.8%
Diluted EPS
$2.40
$1.18
-$4.01
+103.4%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
1,565
1,693
1,690
-7.6%
Capital expenditure
1,785
1,379
1,063
+29.4%
Free cash flow
-220
314
627
Free cash flow margin
-3.6%
5.4%
10.8%
Cash from investing
-1,717
-1,723
-1,310
Cash from financing
127
-149
-426
Depreciation and amortisation
710
666
633
+6.6%
Share-based compensation
25.0
27.0
29.0
-7.4%
Dividends paid
390
388
382
+0.5%
Dividend per share
$1.61
$1.60
$1.60
+0.6%
Diluted shares, weighted
244m
244m
243m
-0.0%
Shares outstanding at period end
243m
243m
243m
0.0%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
6,713
6,544
6,616
+2.6%
Non-controlling interest
142
142
151
0.0%
Debt
6,919
6,406
6,167
+8.0%
Other liabilities
8,515
7,950
9,296
+7.1%
Total liabilities and equity
22,289
21,042
22,230
+5.9%
Fixed assets
17,424
16,205
15,348
+7.5%
Goodwill
411
411
411
0.0%
Intangible assets
n/a
22.0
14.0
Securities held for sale or to maturity
476
458
445
+3.9%
Cash and equivalents
5.0
30.0
209
-83.3%
Receivables
423
404
354
+4.7%
Inventory
524
526
570
-0.4%
Other assets
3,026
2,986
4,879
+1.3%
Total assets
22,289
21,042
22,230
+5.9%
10-K for the year ended 31 December 2014, filed 2 March 2015: the filing.