Ameren (AEE) FY2017 results: revenue $6.2 billion, up 1.7% on the year
Ameren Corp. (AEE) reported revenue of $6.2 billion for fiscal 2017, the year ended 31 December 2017, up 1.7% on the year before. Net income was $523 million, down 19.9%, and diluted earnings per share $2.14. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2018.
Revenue
$6.2 billion
+1.7% on the year
FY2010FY2017
Operating margin
22.8%
21.8% a year earlier
FY2010FY2017
Net income
$523 million
-19.9% on the year
FY2010FY2017
Diluted EPS
$2.14
-20.1% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
6,177
6,076
6,098
+1.7%
Operating income
1,410
1,322
1,259
+6.7%
Operating margin
22.8%
21.8%
20.6%
Interest expense
391
382
355
+2.4%
Pre-tax income
1,105
1,041
948
+6.1%
Income tax
576
382
363
+50.8%
Effective tax rate
52.1%
36.7%
38.3%
Net income
523
653
630
-19.9%
Net margin
8.5%
10.7%
10.3%
Diluted EPS
$2.14
$2.68
$2.59
-20.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
2,118
2,117
2,031
+0.0%
Capital expenditure
2,132
2,076
1,917
+2.7%
Free cash flow
-14.0
41.0
114
Free cash flow margin
-0.2%
0.7%
1.9%
Cash from investing
-2,205
-2,158
-1,976
Cash from financing
102
-258
232
Depreciation and amortisation
876
835
777
+4.9%
Share-based compensation
17.0
17.0
24.0
0.0%
Buybacks
24.0
51.0
n/a
-52.9%
Dividends paid
431
416
402
+3.6%
Dividend per share
$1.78
$1.72
$1.66
+3.7%
Diluted shares, weighted
244m
243m
244m
+0.3%
Shares outstanding at period end
243m
243m
243m
0.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
7,184
7,103
6,946
+1.1%
Non-controlling interest
142
142
142
0.0%
Debt
8,419
7,834
7,576
+7.5%
Other liabilities
10,200
9,620
8,976
+6.0%
Total liabilities and equity
25,945
24,699
23,640
+5.0%
Fixed assets
21,466
20,113
18,799
+6.7%
Goodwill
411
411
411
0.0%
Securities held for sale or to maturity
508
478
477
+6.3%
Cash and equivalents
10.0
9.0
292
+11.1%
Receivables
445
437
388
+1.8%
Inventory
522
527
538
-0.9%
Other assets
2,583
2,724
2,735
-5.2%
Total assets
25,945
24,699
23,640
+5.0%
10-K for the year ended 31 December 2017, filed 28 February 2018: the filing.