Centerpoint Energy (CNP) FY2018 results: revenue $6.3 billion, up 10.1% on the year
Centerpoint Energy Inc. (CNP) reported revenue of $6.3 billion for fiscal 2018, the year ended 31 December 2018, up 10.1% on the year before. Net income was $368 million, down 79.5%, and diluted earnings per share $0.74. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$6.3 billion
+10.1% on the year
FY2011FY2018
Operating margin
13.8%
17.6% a year earlier
FY2011FY2018
Net income
$368 million
-79.5% on the year
FY2011FY2018
Diluted EPS
$0.74
-82.1% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
6,277
5,699
7,528
+10.1%
Cost of revenue
40.0
33.0
1,983
+21.2%
Gross profit
6,237
5,666
5,545
+10.1%
Gross margin
99.4%
99.4%
73.7%
Operating income
868
1,003
1,023
-13.5%
Operating margin
13.8%
17.6%
13.6%
Interest expense
361
313
n/a
+15.3%
Pre-tax income
551
930
686
-40.8%
Income tax
155
-778
254
Effective tax rate
28.1%
-83.7%
37.0%
Net income
368
1,792
432
-79.5%
Net margin
5.9%
31.4%
5.7%
Diluted EPS
$0.74
$4.13
$1.00
-82.1%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
2,136
1,417
1,923
+50.7%
Capital expenditure
1,651
1,426
1,414
+15.8%
Free cash flow
485
-9.0
509
Free cash flow margin
7.7%
-0.2%
6.8%
Cash from investing
-1,207
-1,257
-1,034
Cash from financing
3,053
-245
-808
Depreciation and amortisation
1,230
1,020
1,126
+20.6%
Dividends paid
499
461
443
+8.2%
Dividend per share
$1.12
$1.35
$1.03
-16.9%
Diluted shares, weighted
452m
434m
434m
+4.2%
Shares outstanding at period end
501m
431m
431m
+16.3%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
8,058
4,688
3,460
+71.9%
Short-term borrowings
n/a
n/a
35.0
Debt
9,164
8,840
8,557
+3.7%
Other liabilities
9,871
9,208
9,777
+7.2%
Total liabilities and equity
27,093
22,736
21,829
+19.2%
Fixed assets
14,044
13,057
12,307
+7.6%
Goodwill
757
867
862
-12.7%
Intangible assets
65.0
74.0
49.0
-12.2%
Investments
540
960
953
-43.8%
Cash and equivalents
4,231
260
341
+1,527.3%
Receivables
586
1,000
740
-41.4%
Other assets
6,870
6,518
6,577
+5.4%
Total assets
27,093
22,736
21,829
+19.2%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.