Ameren (AEE) FY2019 results: revenue $5.9 billion, down 6.1% on the year
Ameren Corp. (AEE) reported revenue of $5.9 billion for fiscal 2019, the year ended 31 December 2019, down 6.1% on the year before. Net income was $828 million, up 1.6%, and diluted earnings per share $3.35. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$5.9 billion
-6.1% on the year
FY2012FY2019
Operating margin
21.4%
21.6% a year earlier
FY2012FY2019
Net income
$828 million
+1.6% on the year
FY2012FY2019
Diluted EPS
$3.35
+0.9% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
5,910
6,291
6,177
-6.1%
Operating income
1,267
1,357
1,410
-6.6%
Operating margin
21.4%
21.6%
22.8%
Interest expense
381
401
391
-5.0%
Pre-tax income
1,016
1,058
1,105
-4.0%
Income tax
182
237
576
-23.2%
Effective tax rate
17.9%
22.4%
52.1%
Net income
828
815
523
+1.6%
Net margin
14.0%
13.0%
8.5%
Diluted EPS
$3.35
$3.32
$2.14
+0.9%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
2,170
2,170
2,118
0.0%
Capital expenditure
2,411
2,286
2,132
+5.5%
Free cash flow
-241
-116
-14.0
Free cash flow margin
-4.1%
-1.8%
-0.2%
Cash from investing
-2,435
-2,336
-2,205
Cash from financing
334
205
102
+62.9%
Depreciation and amortisation
1,002
938
876
+6.8%
Share-based compensation
20.0
20.0
17.0
0.0%
Buybacks
0.0
0.0
24.0
Dividends paid
472
451
431
+4.7%
Dividend per share
$1.92
$1.85
$1.78
+3.9%
Diluted shares, weighted
247m
246m
244m
+0.5%
Shares outstanding at period end
246m
244m
243m
+0.7%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
8,059
7,631
7,184
+5.6%
Non-controlling interest
142
142
142
0.0%
Debt
9,797
9,036
8,419
+8.4%
Operating lease liabilities
29.0
n/a
n/a
Other liabilities
10,906
10,406
10,200
+4.8%
Total liabilities and equity
28,933
27,215
25,945
+6.3%
Fixed assets
24,376
22,810
21,466
+6.9%
Goodwill
411
411
411
0.0%
Securities held for sale or to maturity
273
252
508
+8.3%
Cash and equivalents
16.0
16.0
10.0
0.0%
Receivables
393
463
445
-15.1%
Inventory
494
483
522
+2.3%
Other assets
2,970
2,780
2,583
+6.8%
Total assets
28,933
27,215
25,945
+6.3%
10-K for the year ended 31 December 2019, filed 23 February 2022: the filing.