Ameren (AEE) FY2018 results: revenue $6.3 billion, up 1.8% on the year
Ameren Corp. (AEE) reported revenue of $6.3 billion for fiscal 2018, the year ended 31 December 2018, up 1.8% on the year before. Net income was $815 million, up 55.8%, and diluted earnings per share $3.32. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$6.3 billion
+1.8% on the year
FY2011FY2018
Operating margin
21.6%
22.8% a year earlier
FY2011FY2018
Net income
$815 million
+55.8% on the year
FY2011FY2018
Diluted EPS
$3.32
+55.1% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
6,291
6,177
6,076
+1.8%
Operating income
1,357
1,410
1,322
-3.8%
Operating margin
21.6%
22.8%
21.8%
Interest expense
401
391
382
+2.6%
Pre-tax income
1,058
1,105
1,041
-4.3%
Income tax
237
576
382
-58.9%
Effective tax rate
22.4%
52.1%
36.7%
Net income
815
523
653
+55.8%
Net margin
13.0%
8.5%
10.7%
Diluted EPS
$3.32
$2.14
$2.68
+55.1%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
2,170
2,118
2,117
+2.5%
Capital expenditure
2,286
2,132
2,076
+7.2%
Free cash flow
-116
-14.0
41.0
Free cash flow margin
-1.8%
-0.2%
0.7%
Cash from investing
-2,336
-2,205
-2,158
Cash from financing
205
102
-258
+101.0%
Depreciation and amortisation
938
876
835
+7.1%
Share-based compensation
20.0
17.0
17.0
+17.6%
Buybacks
0.0
24.0
51.0
Dividends paid
451
431
416
+4.6%
Dividend per share
$1.85
$1.78
$1.72
+3.9%
Diluted shares, weighted
246m
244m
243m
+0.7%
Shares outstanding at period end
244m
243m
243m
+0.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
7,631
7,184
7,103
+6.2%
Non-controlling interest
142
142
142
0.0%
Debt
9,036
8,419
7,834
+7.3%
Other liabilities
10,406
10,200
9,620
+2.0%
Total liabilities and equity
27,215
25,945
24,699
+4.9%
Fixed assets
22,810
21,466
20,113
+6.3%
Goodwill
411
411
411
0.0%
Securities held for sale or to maturity
252
508
478
-50.4%
Cash and equivalents
16.0
10.0
9.0
+60.0%
Receivables
463
445
437
+4.0%
Inventory
483
522
527
-7.5%
Other assets
2,780
2,583
2,724
+7.6%
Total assets
27,215
25,945
24,699
+4.9%
10-K for the year ended 31 December 2018, filed 26 February 2019: the filing.