Dominion Energy (D) FY2012 results: revenue $12.8 billion, down 6.8% on the year
Dominion Energy, Inc. (D) reported revenue of $12.8 billion for fiscal 2012, the year ended 31 December 2012, down 6.8% on the year before. Net income was $302 million, down 78.6%, and diluted earnings per share $0.53. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$12.8 billion
-6.8% on the year
FY2007FY2012
Operating margin
22.3%
20.9% a year earlier
FY2007FY2012
Net income
$302 million
-78.6% on the year
FY2007FY2012
Diluted EPS
$0.53
-78.4% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
12,835
13,765
15,197
-6.8%
Operating income
2,858
2,880
5,700
-0.8%
Operating margin
22.3%
20.9%
37.5%
Pre-tax income
2,265
2,262
5,037
+0.1%
Income tax
811
778
2,057
+4.2%
Effective tax rate
35.8%
34.4%
40.8%
Net income
302
1,408
2,808
-78.6%
Net margin
2.4%
10.2%
18.5%
Diluted EPS
$0.53
$2.45
$4.76
-78.4%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
4,137
2,983
1,825
+38.7%
Capital expenditure
4,145
3,652
3,422
+13.5%
Free cash flow
-8.0
-669
-1,597
Free cash flow margin
-0.1%
-4.9%
-10.5%
Cash from investing
-3,840
-3,321
419
Cash from financing
-151
378
-2,232
Depreciation and amortisation
1,127
1,018
1,055
+10.7%
Share-based compensation
25.0
39.0
40.0
-35.9%
Buybacks
0.0
601
900
Dividends paid
1,209
1,129
1,076
+7.1%
Dividend per share
$2.11
$1.97
$1.83
+7.1%
Diluted shares, weighted
574m
575m
590m
-0.1%
Shares outstanding at period end
576m
570m
581m
+1.1%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
10,568
11,446
11,997
-7.7%
Non-controlling interest
57.0
57.0
0.0
0.0%
Debt
20,626
20,687
16,255
-0.3%
Other liabilities
15,587
13,424
14,565
+16.1%
Total liabilities and equity
46,838
45,614
42,817
+2.7%
Fixed assets
30,773
29,670
26,713
+3.7%
Goodwill
3,130
3,141
3,141
-0.4%
Intangible assets
536
637
642
-15.9%
Investments
4,191
3,985
4,151
+5.2%
Cash and equivalents
248
102
62.0
+143.1%
Receivables
1,621
1,780
2,158
-8.9%
Inventory
1,259
1,348
1,163
-6.6%
Other assets
5,080
4,951
4,787
+2.6%
Total assets
46,838
45,614
42,817
+2.7%
10-K for the year ended 31 December 2012, filed 28 February 2014: the filing.