Dominion Energy (D) FY2020 results: revenue $11.9 billion, down 17.2% on the year
Dominion Energy, Inc. (D) reported revenue of $11.9 billion for fiscal 2020, the year ended 31 December 2020, down 17.2% on the year before. Net income was -$401 million, and diluted earnings per share $-0.57. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2021.
Revenue
$11.9 billion
-17.2% on the year
FY2013FY2020
Operating margin
11.8%
10.7% a year earlier
FY2013FY2020
Net income
-$401 million
FY2013FY2020
Diluted EPS
-$0.57
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
11,919
14,401
11,199
-17.2%
Operating income
1,401
1,544
3,013
-9.3%
Operating margin
11.8%
10.7%
26.9%
Pre-tax income
725
869
2,619
-16.6%
Income tax
-59.0
209
522
Effective tax rate
-8.1%
24.1%
19.9%
Net income
-401
1,358
2,447
Net margin
-3.4%
9.4%
21.9%
Diluted EPS
-$0.57
$1.62
$3.74
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
5,227
5,204
4,773
+0.4%
Capital expenditure
6,331
4,980
4,254
+27.1%
Free cash flow
-1,104
224
519
Free cash flow margin
-9.3%
1.6%
4.6%
Cash from investing
-2,916
-4,622
-2,358
Cash from financing
-2,333
-704
-2,209
Depreciation and amortisation
1,991
2,283
1,660
-12.8%
Share-based compensation
64.0
46.0
48.0
+39.1%
Buybacks
3,080
n/a
n/a
Dividends paid
2,873
2,983
2,185
-3.7%
Dividend per share
$3.45
$3.67
$3.34
-6.0%
Diluted shares, weighted
831m
809m
655m
+2.7%
Shares outstanding at period end
806m
838m
681m
-3.8%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
26,117
31,994
20,107
-18.4%
Non-controlling interest
344
2,039
1,941
-83.1%
Short-term borrowings
n/a
849
334
Debt
37,014
30,313
26,328
+22.1%
Operating lease liabilities
516
413
0.0
+24.9%
Finance lease liabilities
108
100
35.0
+8.0%
Other liabilities
31,806
38,115
29,169
-16.6%
Total liabilities and equity
95,905
103,823
77,914
-7.6%
Fixed assets
57,848
57,200
54,560
+1.1%
Goodwill
4,229
7,395
4,859
-42.8%
Intangible assets
765
685
670
+11.7%
Investments
10,238
7,905
6,560
+29.5%
Cash and equivalents
172
135
268
+27.4%
Receivables
2,295
2,085
1,749
+10.1%
Inventory
1,550
1,742
1,418
-11.0%
Other assets
18,808
26,676
7,830
-29.5%
Total assets
95,905
103,823
77,914
-7.6%
10-K for the year ended 31 December 2020, filed 25 February 2021: the filing.