Dominion Energy (D) FY2019 results: revenue $14.4 billion, up 28.6% on the year
Dominion Energy, Inc. (D) reported revenue of $14.4 billion for fiscal 2019, the year ended 31 December 2019, up 28.6% on the year before. Net income was $1.4 billion, down 44.5%, and diluted earnings per share $1.62. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2020.
Revenue
$14.4 billion
+28.6% on the year
FY2012FY2019
Operating margin
10.7%
26.9% a year earlier
FY2012FY2019
Net income
$1.4 billion
-44.5% on the year
FY2012FY2019
Diluted EPS
$1.62
-56.7% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
14,401
11,199
12,586
+28.6%
Operating income
1,544
3,013
3,937
-48.8%
Operating margin
10.7%
26.9%
31.3%
Pre-tax income
869
2,619
3,090
-66.8%
Income tax
209
522
-30.0
-60.0%
Effective tax rate
24.1%
19.9%
-1.0%
Net income
1,358
2,447
2,999
-44.5%
Net margin
9.4%
21.9%
23.8%
Diluted EPS
$1.62
$3.74
$4.72
-56.7%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
5,204
4,773
4,502
+9.0%
Capital expenditure
4,980
4,254
5,504
+17.1%
Free cash flow
224
519
-1,002
-56.8%
Free cash flow margin
1.6%
4.6%
-8.0%
Cash from investing
-4,622
-2,358
-5,942
Cash from financing
-704
-2,209
1,303
Depreciation and amortisation
2,283
1,660
1,905
+37.5%
Share-based compensation
46.0
48.0
45.0
-4.2%
Dividends paid
2,983
2,185
1,931
+36.5%
Dividend per share
$3.67
$3.34
$3.04
+9.9%
Diluted shares, weighted
809m
655m
636m
+23.5%
Shares outstanding at period end
838m
681m
645m
+23.1%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
31,994
20,107
17,142
+59.1%
Non-controlling interest
2,039
1,941
2,228
+5.0%
Short-term borrowings
849
334
n/a
+154.2%
Debt
30,313
26,328
37,324
+15.1%
Operating lease liabilities
413
0.0
n/a
Finance lease liabilities
100
35.0
n/a
+185.7%
Other liabilities
38,115
29,169
19,891
+30.7%
Total liabilities and equity
103,823
77,914
76,585
+33.3%
Fixed assets
57,200
54,560
53,758
+4.8%
Goodwill
7,395
4,859
6,405
+52.2%
Intangible assets
685
670
685
+2.2%
Investments
7,905
6,560
6,964
+20.5%
Cash and equivalents
135
268
120
-49.6%
Receivables
2,085
1,749
1,660
+19.2%
Inventory
1,742
1,418
1,477
+22.8%
Other assets
26,676
7,830
5,516
+240.7%
Total assets
103,823
77,914
76,585
+33.3%
10-K for the year ended 31 December 2019, filed 28 February 2020: the filing.