Dominion Energy (D) FY2015 results: revenue $11.7 billion, down 6.1% on the year
Dominion Energy, Inc. (D) reported revenue of $11.7 billion for fiscal 2015, the year ended 31 December 2015, down 6.1% on the year before. Net income was $1.9 billion, up 45.0%, and diluted earnings per share $3.20. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$11.7 billion
-6.1% on the year
FY2008FY2015
Operating margin
29.3%
21.9% a year earlier
FY2008FY2015
Net income
$1.9 billion
+45.0% on the year
FY2008FY2015
Diluted EPS
$3.20
+42.9% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
11,683
12,436
13,120
-6.1%
Operating income
3,420
2,721
3,316
+25.7%
Operating margin
29.3%
21.9%
25.3%
Pre-tax income
2,828
1,778
2,704
+59.1%
Income tax
905
452
892
+100.2%
Effective tax rate
32.0%
25.4%
33.0%
Net income
1,899
1,310
1,697
+45.0%
Net margin
16.3%
10.5%
12.9%
Diluted EPS
$3.20
$2.24
$2.93
+42.9%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
4,491
3,439
3,433
+30.6%
Capital expenditure
5,575
5,345
4,065
+4.3%
Free cash flow
-1,084
-1,906
-632
Free cash flow margin
-9.3%
-15.3%
-4.8%
Cash from investing
-6,503
-5,181
-3,458
Cash from financing
2,317
1,744
93.0
+32.9%
Depreciation and amortisation
1,395
1,292
1,208
+8.0%
Share-based compensation
39.0
39.0
31.0
0.0%
Buybacks
n/a
n/a
0.0
Dividends paid
1,536
1,398
1,302
+9.9%
Dividend per share
$2.59
$2.40
$2.25
+7.9%
Diluted shares, weighted
594m
584m
580m
+1.6%
Shares outstanding at period end
596m
585m
581m
+1.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
12,664
11,555
11,642
+9.6%
Non-controlling interest
938
402
0.0
+133.3%
Short-term borrowings
n/a
2,775
1,927
Debt
28,802
23,200
20,842
+24.1%
Other liabilities
16,244
16,395
15,685
-0.9%
Total liabilities and equity
58,648
54,327
50,096
+8.0%
Fixed assets
41,554
36,270
32,628
+14.6%
Goodwill
3,294
3,044
3,086
+8.2%
Intangible assets
570
570
560
0.0%
Investments
5,774
5,561
5,102
+3.8%
Cash and equivalents
607
318
316
+90.9%
Receivables
1,200
1,514
1,695
-20.7%
Inventory
1,348
1,410
1,176
-4.4%
Other assets
4,301
5,640
5,533
-23.7%
Total assets
58,648
54,327
50,096
+8.0%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.