Duke Energy (DUK) FY2011 results: revenue $14.5 billion, up 1.8% on the year
Duke Energy Corp. (DUK) reported revenue of $14.5 billion for fiscal 2011, the year ended 31 December 2011, up 1.8% on the year before. Net income was $1.7 billion, up 29.2%, and diluted earnings per share $3.84. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2012.
Revenue
$14.5 billion
+1.8% on the year
FY2007FY2011
Operating margin
19.1%
17.2% a year earlier
FY2007FY2011
Net income
$1.7 billion
+29.2% on the year
FY2007FY2011
Diluted EPS
$3.84
+28.0% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
14,529
14,272
12,731
+1.8%
Operating income
2,777
2,461
2,249
+12.8%
Operating margin
19.1%
17.2%
17.7%
Interest expense
859
840
751
+2.3%
Pre-tax income
2,465
2,210
1,831
+11.5%
Income tax
752
890
758
-15.5%
Effective tax rate
30.5%
40.3%
41.4%
Net income
1,706
1,320
1,075
+29.2%
Net margin
11.7%
9.2%
8.4%
Diluted EPS
$3.84
$3.00
$2.49
+28.0%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
3,672
4,511
3,463
-18.6%
Capital expenditure
4,363
4,803
4,296
-9.2%
Free cash flow
-691
-292
-833
Free cash flow margin
-4.8%
-2.0%
-6.5%
Cash from investing
-4,434
-4,423
-4,492
Cash from financing
1,202
40.0
1,585
+2,905.0%
Depreciation and amortisation
2,026
1,994
1,846
+1.6%
Share-based compensation
52.0
67.0
40.0
-22.4%
Dividends paid
1,329
-1,284
1,222
Dividend per share
$2.97
$2.91
$2.82
+2.1%
Diluted shares, weighted
444m
440m
431m
+1.1%
Shares outstanding at period end
445m
443m
436m
+0.5%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
22,772
22,522
21,750
+1.1%
Non-controlling interest
93.0
131
136
-29.0%
Short-term borrowings
154
1,382
0.0
-88.9%
Debt
20,573
18,210
16,634
+13.0%
Other liabilities
18,934
16,845
18,520
+12.4%
Total liabilities and equity
62,526
59,090
57,040
+5.8%
Fixed assets
42,661
40,344
37,950
+5.7%
Goodwill
3,849
3,858
4,350
-0.2%
Intangible assets
363
467
593
-22.3%
Investments
261
118
198
+121.2%
Trading assets
32.0
n/a
n/a
Cash and equivalents
2,110
1,670
1,542
+26.3%
Receivables
784
764
845
+2.6%
Inventory
1,588
1,318
1,515
+20.5%
Other assets
10,878
10,551
10,047
+3.1%
Total assets
62,526
59,090
57,040
+5.8%
10-K for the year ended 31 December 2011, filed 28 February 2012: the filing.