Dominion Energy (D) FY2018 results: revenue $11.2 billion, down 11.0% on the year
Dominion Energy, Inc. (D) reported revenue of $11.2 billion for fiscal 2018, the year ended 31 December 2018, down 11.0% on the year before. Net income was $2.4 billion, down 18.4%, and diluted earnings per share $3.74. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$11.2 billion
-11.0% on the year
FY2011FY2018
Operating margin
26.9%
31.3% a year earlier
FY2011FY2018
Net income
$2.4 billion
-18.4% on the year
FY2011FY2018
Diluted EPS
$3.74
-20.8% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
11,199
12,586
11,737
-11.0%
Operating income
3,013
3,937
3,448
-23.5%
Operating margin
26.9%
31.3%
29.4%
Pre-tax income
2,619
3,090
2,867
-15.2%
Income tax
522
-30.0
655
Effective tax rate
19.9%
-1.0%
22.8%
Net income
2,447
2,999
2,123
-18.4%
Net margin
21.9%
23.8%
18.1%
Diluted EPS
$3.74
$4.72
$3.44
-20.8%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
4,773
4,502
4,151
+6.0%
Capital expenditure
4,254
5,504
6,085
-22.7%
Free cash flow
519
-1,002
-1,934
Free cash flow margin
4.6%
-8.0%
-16.5%
Cash from investing
-2,358
-5,942
-10,703
Cash from financing
-2,209
1,303
6,230
Depreciation and amortisation
1,660
1,905
1,559
-12.9%
Share-based compensation
48.0
45.0
33.0
+6.7%
Dividends paid
2,185
1,931
1,727
+13.2%
Dividend per share
$3.34
$3.04
$2.80
+10.0%
Diluted shares, weighted
655m
636m
617m
+3.0%
Shares outstanding at period end
681m
645m
628m
+5.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
20,107
17,142
14,605
+17.3%
Non-controlling interest
1,941
2,228
2,235
-12.9%
Short-term borrowings
334
n/a
n/a
Debt
26,328
37,324
35,095
-29.5%
Operating lease liabilities
0.0
n/a
n/a
Finance lease liabilities
35.0
n/a
n/a
Other liabilities
29,169
19,891
19,675
+46.6%
Total liabilities and equity
77,914
76,585
71,610
+1.7%
Fixed assets
54,560
53,758
49,964
+1.5%
Goodwill
4,859
6,405
6,399
-24.1%
Intangible assets
670
685
618
-2.2%
Investments
6,560
6,964
6,343
-5.8%
Cash and equivalents
268
120
261
+123.3%
Receivables
1,749
1,660
1,523
+5.4%
Inventory
1,418
1,477
1,524
-4.0%
Other assets
7,830
5,516
4,978
+42.0%
Total assets
77,914
76,585
71,610
+1.7%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.