Dominion Energy (D) FY2016 results: revenue $11.7 billion, up 0.5% on the year
Dominion Energy, Inc. (D) reported revenue of $11.7 billion for fiscal 2016, the year ended 31 December 2016, up 0.5% on the year before. Net income was $2.1 billion, up 11.8%, and diluted earnings per share $3.44. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$11.7 billion
+0.5% on the year
FY2009FY2016
Operating margin
29.4%
29.3% a year earlier
FY2009FY2016
Net income
$2.1 billion
+11.8% on the year
FY2009FY2016
Diluted EPS
$3.44
+7.5% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
11,737
11,683
12,436
+0.5%
Operating income
3,448
3,420
2,721
+0.8%
Operating margin
29.4%
29.3%
21.9%
Pre-tax income
2,867
2,828
1,778
+1.4%
Income tax
655
905
452
-27.6%
Effective tax rate
22.8%
32.0%
25.4%
Net income
2,123
1,899
1,310
+11.8%
Net margin
18.1%
16.3%
10.5%
Diluted EPS
$3.44
$3.20
$2.24
+7.5%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
4,151
4,491
3,439
-7.6%
Capital expenditure
6,085
5,575
5,345
+9.1%
Free cash flow
-1,934
-1,084
-1,906
Free cash flow margin
-16.5%
-9.3%
-15.3%
Cash from investing
-10,703
-6,503
-5,181
Cash from financing
6,230
2,317
1,744
+168.9%
Depreciation and amortisation
1,559
1,395
1,292
+11.8%
Share-based compensation
33.0
39.0
39.0
-15.4%
Dividends paid
1,727
1,536
1,398
+12.4%
Dividend per share
$2.80
$2.59
$2.40
+8.1%
Diluted shares, weighted
617m
594m
584m
+3.9%
Shares outstanding at period end
628m
596m
585m
+5.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
14,605
12,664
11,555
+15.3%
Non-controlling interest
2,235
938
402
+138.3%
Short-term borrowings
n/a
n/a
2,775
Debt
35,095
28,802
23,200
+21.8%
Other liabilities
19,675
16,244
16,395
+21.1%
Total liabilities and equity
71,610
58,648
54,327
+22.1%
Fixed assets
49,964
41,554
36,270
+20.2%
Goodwill
6,399
3,294
3,044
+94.3%
Intangible assets
618
570
570
+8.4%
Investments
6,343
5,774
5,561
+9.9%
Cash and equivalents
261
607
318
-57.0%
Receivables
1,523
1,200
1,514
+26.9%
Inventory
1,524
1,348
1,410
+13.1%
Other assets
4,978
4,301
5,640
+15.7%
Total assets
71,610
58,648
54,327
+22.1%
10-K for the year ended 31 December 2016, filed 28 February 2019: the filing.