Centerpoint Energy (CNP) FY2019 results: revenue $7.6 billion, up 20.5% on the year
Centerpoint Energy Inc. (CNP) reported revenue of $7.6 billion for fiscal 2019, the year ended 31 December 2019, up 20.5% on the year before. Net income was $791 million, up 114.9%, and diluted earnings per share $1.33. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$7.6 billion
+20.5% on the year
FY2012FY2019
Operating margin
14.2%
13.8% a year earlier
FY2012FY2019
Net income
$791 million
+114.9% on the year
FY2012FY2019
Diluted EPS
$1.33
+79.7% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
7,564
6,277
5,699
+20.5%
Cost of revenue
257
40.0
33.0
+542.5%
Gross profit
7,307
6,237
5,666
+17.2%
Gross margin
96.6%
99.4%
99.4%
Operating income
1,071
868
1,003
+23.4%
Operating margin
14.2%
13.8%
17.6%
Interest expense
528
361
313
+46.3%
Pre-tax income
545
551
930
-1.1%
Income tax
30.0
155
-778
-80.6%
Effective tax rate
5.5%
28.1%
-83.7%
Net income
791
368
1,792
+114.9%
Net margin
10.5%
5.9%
31.4%
Diluted EPS
$1.33
$0.74
$4.13
+79.7%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,638
2,136
1,417
-23.3%
Capital expenditure
2,506
1,651
1,426
+51.8%
Free cash flow
-868
485
-9.0
Free cash flow margin
-11.5%
7.7%
-0.2%
Cash from investing
-8,421
-1,207
-1,257
Cash from financing
2,776
3,053
-245
-9.1%
Depreciation and amortisation
1,225
1,230
1,020
-0.4%
Dividends paid
577
499
461
+15.6%
Dividend per share
$0.86
$1.12
$1.35
-23.2%
Diluted shares, weighted
505m
452m
434m
+11.6%
Shares outstanding at period end
502m
501m
431m
+0.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
8,359
8,058
4,688
+3.7%
Debt
15,112
9,164
8,840
+64.9%
Operating lease liabilities
24.0
n/a
n/a
Other liabilities
12,034
9,871
9,208
+21.9%
Total liabilities and equity
35,529
27,093
22,736
+31.1%
Fixed assets
20,624
14,044
13,057
+46.9%
Goodwill
4,882
757
867
+544.9%
Intangible assets
321
65.0
74.0
+393.8%
Investments
822
540
960
+52.2%
Cash and equivalents
241
4,231
260
-94.3%
Receivables
702
586
1,000
+19.8%
Other assets
7,937
6,870
6,518
+15.5%
Total assets
35,529
27,093
22,736
+31.1%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.