Centerpoint Energy (CNP) FY2017 results: revenue $5.7 billion, down 24.3% on the year
Centerpoint Energy Inc. (CNP) reported revenue of $5.7 billion for fiscal 2017, the year ended 31 December 2017, down 24.3% on the year before. Net income was $1.8 billion, up 314.8%, and diluted earnings per share $4.13. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2018.
Revenue
$5.7 billion
-24.3% on the year
FY2010FY2017
Operating margin
17.6%
13.6% a year earlier
FY2010FY2017
Net income
$1.8 billion
+314.8% on the year
FY2010FY2017
Diluted EPS
$4.13
+313.0% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
5,699
7,528
7,386
-24.3%
Cost of revenue
33.0
1,983
n/a
-98.3%
Gross profit
5,666
5,545
n/a
+2.2%
Gross margin
99.4%
73.7%
n/a
Operating income
1,003
1,023
933
-2.0%
Operating margin
17.6%
13.6%
12.6%
Interest expense
313
n/a
n/a
Pre-tax income
930
686
-1,130
+35.6%
Income tax
-778
254
-438
Effective tax rate
-83.7%
37.0%
n/a
Net income
1,792
432
-692
+314.8%
Net margin
31.4%
5.7%
-9.4%
Diluted EPS
$4.13
$1.00
-$1.61
+313.0%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,417
1,923
1,870
-26.3%
Capital expenditure
1,426
1,414
1,584
+0.8%
Free cash flow
-9.0
509
286
Free cash flow margin
-0.2%
6.8%
3.9%
Cash from investing
-1,257
-1,034
-1,387
Cash from financing
-245
-808
-517
Depreciation and amortisation
1,020
1,126
970
-9.4%
Dividends paid
461
443
426
+4.1%
Dividend per share
$1.35
$1.03
$0.99
+30.8%
Diluted shares, weighted
434m
434m
430m
+0.2%
Shares outstanding at period end
431m
431m
430m
+0.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
4,688
3,460
3,461
+35.5%
Short-term borrowings
n/a
35.0
40.0
Debt
8,840
8,557
8,730
+3.3%
Other liabilities
9,208
9,777
9,059
-5.8%
Total liabilities and equity
22,736
21,829
21,290
+4.2%
Fixed assets
13,057
12,307
11,537
+6.1%
Goodwill
867
862
840
+0.6%
Intangible assets
74.0
49.0
n/a
+51.0%
Investments
960
953
805
+0.7%
Cash and equivalents
260
341
264
-23.8%
Receivables
1,000
740
593
+35.1%
Other assets
6,518
6,577
7,251
-0.9%
Total assets
22,736
21,829
21,290
+4.2%
10-K for the year ended 31 December 2017, filed 22 February 2018: the filing.