Centerpoint Energy (CNP) FY2014 results: revenue $9.2 billion, up 13.8% on the year
Centerpoint Energy Inc. (CNP) reported revenue of $9.2 billion for fiscal 2014, the year ended 31 December 2014, up 13.8% on the year before. Net income was $611 million, up 96.5%, and diluted earnings per share $1.42. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2015.
Revenue
$9.2 billion
+13.8% on the year
FY2007FY2014
Operating margin
10.1%
12.5% a year earlier
FY2007FY2014
Net income
$611 million
+96.5% on the year
FY2007FY2014
Diluted EPS
$1.42
+97.2% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
9,226
8,106
7,452
+13.8%
Operating income
935
1,010
1,038
-7.4%
Operating margin
10.1%
12.5%
13.9%
Pre-tax income
885
781
757
+13.3%
Income tax
274
470
340
-41.7%
Effective tax rate
31.0%
60.2%
44.9%
Net income
611
311
417
+96.5%
Net margin
6.6%
3.8%
5.6%
Diluted EPS
$1.42
$0.72
$0.97
+97.2%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
1,397
1,613
1,860
-13.4%
Capital expenditure
1,372
1,286
1,212
+6.7%
Free cash flow
25.0
327
648
-92.4%
Free cash flow margin
0.3%
4.0%
8.7%
Cash from investing
n/a
n/a
-1,603
Cash from financing
n/a
n/a
169
Depreciation and amortisation
1,013
954
1,050
+6.2%
Dividends paid
408
355
346
+14.9%
Dividend per share
$0.95
$0.83
$0.81
+14.5%
Diluted shares, weighted
432m
431m
430m
+0.2%
Shares outstanding at period end
430m
429m
428m
+0.2%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
4,548
4,329
4,301
+5.1%
Short-term borrowings
n/a
n/a
38.0
Debt
8,857
8,357
9,757
+6.0%
Other liabilities
9,745
9,184
8,775
+6.1%
Total liabilities and equity
23,150
21,870
22,871
+5.9%
Fixed assets
10,502
9,593
13,597
+9.5%
Goodwill
840
840
1,468
0.0%
Investments
930
767
540
+21.3%
Cash and equivalents
298
208
646
+43.3%
Receivables
837
851
768
-1.6%
Inventory
n/a
285
322
Other assets
9,743
9,326
5,530
+4.5%
Total assets
23,150
21,870
22,871
+5.9%
10-K for the year ended 31 December 2014, filed 26 February 2015: the filing.