Dominion Energy (D) FY2014 results: revenue $12.4 billion, down 5.2% on the year
Dominion Energy, Inc. (D) reported revenue of $12.4 billion for fiscal 2014, the year ended 31 December 2014, down 5.2% on the year before. Net income was $1.3 billion, down 22.8%, and diluted earnings per share $2.24. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$12.4 billion
-5.2% on the year
FY2007FY2014
Operating margin
21.9%
25.3% a year earlier
FY2007FY2014
Net income
$1.3 billion
-22.8% on the year
FY2007FY2014
Diluted EPS
$2.24
-23.5% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
12,436
13,120
12,835
-5.2%
Operating income
2,721
3,316
2,858
-17.9%
Operating margin
21.9%
25.3%
22.3%
Pre-tax income
1,778
2,704
2,265
-34.2%
Income tax
452
892
811
-49.3%
Effective tax rate
25.4%
33.0%
35.8%
Net income
1,310
1,697
302
-22.8%
Net margin
10.5%
12.9%
2.4%
Diluted EPS
$2.24
$2.93
$0.53
-23.5%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
3,439
3,433
4,137
+0.2%
Capital expenditure
5,345
4,065
4,145
+31.5%
Free cash flow
-1,906
-632
-8.0
Free cash flow margin
-15.3%
-4.8%
-0.1%
Cash from investing
-5,181
-3,458
-3,840
Cash from financing
1,744
93.0
-151
+1,775.3%
Depreciation and amortisation
1,292
1,208
1,127
+7.0%
Share-based compensation
39.0
31.0
25.0
+25.8%
Buybacks
n/a
0.0
0.0
Dividends paid
1,398
1,302
1,209
+7.4%
Dividend per share
$2.40
$2.25
$2.11
+6.7%
Diluted shares, weighted
584m
580m
574m
+0.9%
Shares outstanding at period end
585m
581m
576m
+0.7%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
11,555
11,642
10,568
-0.7%
Non-controlling interest
402
0.0
57.0
Short-term borrowings
2,775
1,927
n/a
+44.0%
Debt
23,200
20,842
20,626
+11.3%
Other liabilities
16,395
15,685
15,587
+4.5%
Total liabilities and equity
54,327
50,096
46,838
+8.4%
Fixed assets
36,270
32,628
30,773
+11.2%
Goodwill
3,044
3,086
3,130
-1.4%
Intangible assets
570
560
536
+1.8%
Investments
5,561
5,102
4,191
+9.0%
Cash and equivalents
318
316
248
+0.6%
Receivables
1,514
1,695
1,621
-10.7%
Inventory
1,410
1,176
1,259
+19.9%
Other assets
5,640
5,533
5,080
+1.9%
Total assets
54,327
50,096
46,838
+8.4%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.