Centerpoint Energy (CNP) FY2012 results: revenue $7.5 billion, down 11.8% on the year
Centerpoint Energy Inc. (CNP) reported revenue of $7.5 billion for fiscal 2012, the year ended 31 December 2012, down 11.8% on the year before. Net income was $417 million, down 69.3%, and diluted earnings per share $0.97. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2013.
Revenue
$7.5 billion
-11.8% on the year
FY2007FY2012
Operating margin
13.9%
15.4% a year earlier
FY2007FY2012
Net income
$417 million
-69.3% on the year
FY2007FY2012
Diluted EPS
$0.97
-69.4% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
7,452
8,450
8,785
-11.8%
Operating income
1,038
1,298
1,249
-20.0%
Operating margin
13.9%
15.4%
14.2%
Pre-tax income
757
1,174
705
-35.5%
Income tax
340
404
263
-15.8%
Effective tax rate
44.9%
34.4%
37.3%
Net income
417
1,357
442
-69.3%
Net margin
5.6%
16.1%
5.0%
Diluted EPS
$0.97
$3.17
$1.07
-69.4%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,860
1,888
1,386
-1.5%
Capital expenditure
1,212
1,303
1,509
-7.0%
Free cash flow
648
585
-123
+10.8%
Free cash flow margin
8.7%
6.9%
-1.4%
Cash from investing
-1,603
-1,206
-1,420
Cash from financing
169
-661
-507
Depreciation and amortisation
1,050
886
864
+18.5%
Dividends paid
346
337
319
+2.7%
Dividend per share
$0.81
$0.79
$0.78
+2.5%
Diluted shares, weighted
430m
429m
413m
+0.2%
Shares outstanding at period end
428m
426m
425m
+0.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
4,301
4,222
3,198
+1.9%
Short-term borrowings
38.0
n/a
53.0
Debt
9,757
9,187
9,429
+6.2%
Other liabilities
8,775
8,294
7,431
+5.8%
Total liabilities and equity
22,871
21,703
20,111
+5.4%
Fixed assets
13,597
12,402
11,732
+9.6%
Goodwill
1,468
1,696
1,696
-13.4%
Investments
540
386
367
+39.9%
Cash and equivalents
646
220
199
+193.6%
Receivables
768
773
835
-0.6%
Inventory
322
353
375
-8.8%
Other assets
5,530
5,873
4,907
-5.8%
Total assets
22,871
21,703
20,111
+5.4%
10-K for the year ended 31 December 2012, filed 27 February 2013: the filing.