Ameren (AEE) FY2020 results: revenue $5.8 billion, down 2.0% on the year
Ameren Corp. (AEE) reported revenue of $5.8 billion for fiscal 2020, the year ended 31 December 2020, down 2.0% on the year before. Net income was $871 million, up 5.2%, and diluted earnings per share $3.50. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$5.8 billion
-2.0% on the year
FY2013FY2020
Operating margin
22.4%
21.4% a year earlier
FY2013FY2020
Net income
$871 million
+5.2% on the year
FY2013FY2020
Diluted EPS
$3.50
+4.5% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
5,794
5,910
6,291
-2.0%
Operating income
1,300
1,267
1,357
+2.6%
Operating margin
22.4%
21.4%
21.6%
Interest expense
419
381
401
+10.0%
Pre-tax income
1,032
1,016
1,058
+1.6%
Income tax
155
182
237
-14.8%
Effective tax rate
15.0%
17.9%
22.4%
Net income
871
828
815
+5.2%
Net margin
15.0%
14.0%
13.0%
Diluted EPS
$3.50
$3.35
$3.32
+4.5%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
1,727
2,170
2,170
-20.4%
Capital expenditure
3,233
2,411
2,286
+34.1%
Free cash flow
-1,506
-241
-116
Free cash flow margin
-26.0%
-4.1%
-1.8%
Cash from investing
-3,329
-2,435
-2,336
Cash from financing
1,727
334
205
+417.1%
Depreciation and amortisation
1,153
1,002
938
+15.1%
Share-based compensation
21.0
20.0
20.0
+5.0%
Buybacks
n/a
0.0
0.0
Dividends paid
494
472
451
+4.7%
Dividend per share
$2.00
$1.92
$1.85
+4.2%
Diluted shares, weighted
249m
247m
246m
+0.6%
Shares outstanding at period end
253m
246m
244m
+2.9%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
8,938
8,059
7,631
+10.9%
Non-controlling interest
142
142
142
0.0%
Debt
11,576
9,797
9,036
+18.2%
Operating lease liabilities
n/a
29.0
n/a
Other liabilities
11,374
10,906
10,406
+4.3%
Total liabilities and equity
32,030
28,933
27,215
+10.7%
Fixed assets
26,807
24,376
22,810
+10.0%
Goodwill
411
411
411
0.0%
Securities held for sale or to maturity
297
273
252
+8.8%
Cash and equivalents
139
16.0
16.0
+768.8%
Receivables
415
393
463
+5.6%
Inventory
521
494
483
+5.5%
Other assets
3,440
2,970
2,780
+15.8%
Total assets
32,030
28,933
27,215
+10.7%
10-K for the year ended 31 December 2020, filed 23 February 2022: the filing.