Dominion Energy (D) FY2011 results: revenue $13.8 billion, down 9.4% on the year
Dominion Energy, Inc. (D) reported revenue of $13.8 billion for fiscal 2011, the year ended 31 December 2011, down 9.4% on the year before. Net income was $1.4 billion, down 49.9%, and diluted earnings per share $2.45. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$13.8 billion
-9.4% on the year
FY2007FY2011
Operating margin
20.9%
37.5% a year earlier
FY2007FY2011
Net income
$1.4 billion
-49.9% on the year
FY2007FY2011
Diluted EPS
$2.45
-48.5% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
13,765
15,197
14,798
-9.4%
Operating income
2,880
5,700
2,569
-49.5%
Operating margin
20.9%
37.5%
17.4%
Pre-tax income
2,262
5,037
1,874
-55.1%
Income tax
778
2,057
596
-62.2%
Effective tax rate
34.4%
40.8%
31.8%
Net income
1,408
2,808
1,287
-49.9%
Net margin
10.2%
18.5%
8.7%
Diluted EPS
$2.45
$4.76
$2.17
-48.5%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
2,983
1,825
3,786
+63.5%
Capital expenditure
3,652
3,422
3,837
+6.7%
Free cash flow
-669
-1,597
-51.0
Free cash flow margin
-4.9%
-10.5%
-0.3%
Cash from investing
-3,321
419
-3,695
Cash from financing
378
-2,232
-112
Depreciation and amortisation
1,018
1,055
1,138
-3.5%
Share-based compensation
39.0
40.0
n/a
-2.5%
Buybacks
601
900
0.0
-33.2%
Dividends paid
1,129
1,076
1,039
+4.9%
Dividend per share
$1.97
$1.83
$1.75
+7.7%
Diluted shares, weighted
575m
590m
594m
-2.6%
Shares outstanding at period end
570m
581m
599m
-1.9%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
11,446
11,997
11,185
-4.6%
Non-controlling interest
57.0
0.0
n/a
Debt
20,687
16,255
16,618
+27.3%
Other liabilities
13,424
14,565
14,751
-7.8%
Total liabilities and equity
45,614
42,817
42,554
+6.5%
Fixed assets
29,670
26,713
25,592
+11.1%
Goodwill
3,141
3,141
3,354
0.0%
Intangible assets
637
642
693
-0.8%
Investments
3,985
4,151
3,492
-4.0%
Cash and equivalents
102
62.0
50.0
+64.5%
Receivables
1,780
2,158
2,050
-17.5%
Inventory
1,348
1,163
1,185
+15.9%
Other assets
4,951
4,787
6,138
+3.4%
Total assets
45,614
42,817
42,554
+6.5%
10-K for the year ended 31 December 2011, filed 28 February 2014: the filing.