Centerpoint Energy (CNP) FY2020 results: revenue $7.4 billion, down 1.9% on the year
Centerpoint Energy Inc. (CNP) reported revenue of $7.4 billion for fiscal 2020, the year ended 31 December 2020, down 1.9% on the year before. Net income was -$773 million, and diluted earnings per share $-1.79. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2021.
Revenue
$7.4 billion
-1.9% on the year
FY2013FY2020
Operating margin
14.0%
14.2% a year earlier
FY2013FY2020
Net income
-$773 million
FY2013FY2020
Diluted EPS
-$1.79
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
7,418
7,564
6,277
-1.9%
Cost of revenue
257
257
40.0
0.0%
Gross profit
7,161
7,307
6,237
-2.0%
Gross margin
96.5%
96.6%
99.4%
Operating income
1,039
1,071
868
-3.0%
Operating margin
14.0%
14.2%
13.8%
Interest expense
n/a
528
361
Pre-tax income
563
545
551
+3.3%
Income tax
80.0
30.0
155
+166.7%
Effective tax rate
14.2%
5.5%
28.1%
Net income
-773
791
368
Net margin
-10.4%
10.5%
5.9%
Diluted EPS
-$1.79
$1.33
$0.74
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
1,995
1,638
2,136
+21.8%
Capital expenditure
2,596
2,506
1,651
+3.6%
Free cash flow
-601
-868
485
Free cash flow margin
-8.1%
-11.5%
7.7%
Cash from investing
-1,265
-8,421
-1,207
Cash from financing
-834
2,776
3,053
Depreciation and amortisation
1,189
1,225
1,230
-2.9%
Dividends paid
392
577
499
-32.1%
Dividend per share
n/a
$0.86
$1.12
Diluted shares, weighted
531m
505m
452m
+5.1%
Shares outstanding at period end
551m
502m
501m
+9.8%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
8,348
8,359
8,058
-0.1%
Redeemable equity
0.0
n/a
n/a
Debt
13,440
15,112
9,164
-11.1%
Operating lease liabilities
26.0
24.0
n/a
+8.3%
Other liabilities
11,657
12,034
9,871
-3.1%
Total liabilities and equity
33,471
35,529
27,093
-5.8%
Fixed assets
22,362
20,624
14,044
+8.4%
Goodwill
4,697
4,882
757
-3.8%
Intangible assets
50.0
321
65.0
-84.4%
Investments
871
822
540
+6.0%
Cash and equivalents
147
241
4,231
-39.0%
Receivables
676
702
586
-3.7%
Other assets
4,668
7,937
6,870
-41.2%
Total assets
33,471
35,529
27,093
-5.8%
10-K for the year ended 31 December 2020, filed 25 February 2021: the filing.