Centerpoint Energy (CNP) FY2013 results: revenue $8.1 billion, up 8.8% on the year
Centerpoint Energy Inc. (CNP) reported revenue of $8.1 billion for fiscal 2013, the year ended 31 December 2013, up 8.8% on the year before. Net income was $311 million, down 25.4%, and diluted earnings per share $0.72. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2014.
Revenue
$8.1 billion
+8.8% on the year
FY2007FY2013
Operating margin
12.5%
13.9% a year earlier
FY2007FY2013
Net income
$311 million
-25.4% on the year
FY2007FY2013
Diluted EPS
$0.72
-25.8% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
8,106
7,452
8,450
+8.8%
Operating income
1,010
1,038
1,298
-2.7%
Operating margin
12.5%
13.9%
15.4%
Pre-tax income
781
757
1,174
+3.2%
Income tax
470
340
404
+38.2%
Effective tax rate
60.2%
44.9%
34.4%
Net income
311
417
1,357
-25.4%
Net margin
3.8%
5.6%
16.1%
Diluted EPS
$0.72
$0.97
$3.17
-25.8%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
1,613
1,860
1,888
-13.3%
Capital expenditure
1,286
1,212
1,303
+6.1%
Free cash flow
327
648
585
-49.5%
Free cash flow margin
4.0%
8.7%
6.9%
Cash from investing
n/a
-1,603
-1,206
Cash from financing
n/a
169
-661
Depreciation and amortisation
954
1,050
886
-9.1%
Dividends paid
355
346
337
+2.6%
Dividend per share
$0.83
$0.81
$0.79
+2.5%
Diluted shares, weighted
431m
430m
429m
+0.3%
Shares outstanding at period end
429m
428m
426m
+0.3%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
4,329
4,301
4,222
+0.7%
Short-term borrowings
n/a
38.0
n/a
Debt
8,357
9,757
9,187
-14.3%
Other liabilities
9,184
8,775
8,294
+4.7%
Total liabilities and equity
21,870
22,871
21,703
-4.4%
Fixed assets
9,593
13,597
12,402
-29.4%
Goodwill
840
1,468
1,696
-42.8%
Investments
767
540
386
+42.0%
Cash and equivalents
208
646
220
-67.8%
Receivables
851
768
773
+10.8%
Inventory
285
322
353
-11.5%
Other assets
9,326
5,530
5,873
+68.6%
Total assets
21,870
22,871
21,703
-4.4%
10-K for the year ended 31 December 2013, filed 26 February 2014: the filing.