Dominion Energy (D) FY2013 results: revenue $13.1 billion, up 2.2% on the year
Dominion Energy, Inc. (D) reported revenue of $13.1 billion for fiscal 2013, the year ended 31 December 2013, up 2.2% on the year before. Net income was $1.7 billion, up 461.9%, and diluted earnings per share $2.93. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$13.1 billion
+2.2% on the year
FY2007FY2013
Operating margin
25.3%
22.3% a year earlier
FY2007FY2013
Net income
$1.7 billion
+461.9% on the year
FY2007FY2013
Diluted EPS
$2.93
+452.8% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
13,120
12,835
13,765
+2.2%
Operating income
3,316
2,858
2,880
+16.0%
Operating margin
25.3%
22.3%
20.9%
Pre-tax income
2,704
2,265
2,262
+19.4%
Income tax
892
811
778
+10.0%
Effective tax rate
33.0%
35.8%
34.4%
Net income
1,697
302
1,408
+461.9%
Net margin
12.9%
2.4%
10.2%
Diluted EPS
$2.93
$0.53
$2.45
+452.8%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
3,433
4,137
2,983
-17.0%
Capital expenditure
4,065
4,145
3,652
-1.9%
Free cash flow
-632
-8.0
-669
Free cash flow margin
-4.8%
-0.1%
-4.9%
Cash from investing
-3,458
-3,840
-3,321
Cash from financing
93.0
-151
378
Depreciation and amortisation
1,208
1,127
1,018
+7.2%
Share-based compensation
31.0
25.0
39.0
+24.0%
Buybacks
0.0
0.0
601
Dividends paid
1,302
1,209
1,129
+7.7%
Dividend per share
$2.25
$2.11
$1.97
+6.6%
Diluted shares, weighted
580m
574m
575m
+1.0%
Shares outstanding at period end
581m
576m
570m
+0.9%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
11,642
10,568
11,446
+10.2%
Non-controlling interest
0.0
57.0
57.0
Short-term borrowings
1,927
n/a
n/a
Debt
20,842
20,626
20,687
+1.0%
Other liabilities
15,685
15,587
13,424
+0.6%
Total liabilities and equity
50,096
46,838
45,614
+7.0%
Fixed assets
32,628
30,773
29,670
+6.0%
Goodwill
3,086
3,130
3,141
-1.4%
Intangible assets
560
536
637
+4.5%
Investments
5,102
4,191
3,985
+21.7%
Cash and equivalents
316
248
102
+27.4%
Receivables
1,695
1,621
1,780
+4.6%
Inventory
1,176
1,259
1,348
-6.6%
Other assets
5,533
5,080
4,951
+8.9%
Total assets
50,096
46,838
45,614
+7.0%
10-K for the year ended 31 December 2013, filed 28 February 2014: the filing.