Centerpoint Energy (CNP) FY2011 results: revenue $8.4 billion, down 3.8% on the year
Centerpoint Energy Inc. (CNP) reported revenue of $8.4 billion for fiscal 2011, the year ended 31 December 2011, down 3.8% on the year before. Net income was $1.4 billion, up 207.0%, and diluted earnings per share $3.17. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2012.
Revenue
$8.4 billion
-3.8% on the year
FY2007FY2011
Operating margin
15.4%
14.2% a year earlier
FY2007FY2011
Net income
$1.4 billion
+207.0% on the year
FY2007FY2011
Diluted EPS
$3.17
+196.3% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
8,450
8,785
8,281
-3.8%
Operating income
1,298
1,249
1,124
+3.9%
Operating margin
15.4%
14.2%
13.6%
Pre-tax income
1,174
705
548
+66.5%
Income tax
404
263
176
+53.6%
Effective tax rate
34.4%
37.3%
32.1%
Net income
1,357
442
372
+207.0%
Net margin
16.1%
5.0%
4.5%
Diluted EPS
$3.17
$1.07
$1.01
+196.3%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
1,888
1,386
1,841
+36.2%
Capital expenditure
1,303
1,509
1,160
-13.7%
Free cash flow
585
-123
681
Free cash flow margin
6.9%
-1.4%
8.2%
Cash from investing
-1,206
-1,420
-896
Cash from financing
-661
-507
-372
Depreciation and amortisation
886
864
743
+2.5%
Dividends paid
337
319
276
+5.6%
Dividend per share
$0.79
$0.78
$0.76
+1.3%
Diluted shares, weighted
429m
413m
368m
+3.9%
Shares outstanding at period end
426m
425m
392m
+0.3%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
4,222
3,198
2,639
+32.0%
Short-term borrowings
n/a
53.0
55.0
Debt
9,187
9,429
10,022
-2.6%
Other liabilities
8,294
7,431
7,057
+11.6%
Total liabilities and equity
21,703
20,111
19,773
+7.9%
Fixed assets
12,402
11,732
10,788
+5.7%
Goodwill
1,696
1,696
1,696
0.0%
Investments
386
367
300
+5.2%
Cash and equivalents
220
199
740
+10.6%
Receivables
773
835
790
-7.4%
Inventory
353
375
327
-5.9%
Other assets
5,873
4,907
5,132
+19.7%
Total assets
21,703
20,111
19,773
+7.9%
10-K for the year ended 31 December 2011, filed 29 February 2012: the filing.