Duke Energy (DUK) FY2012 results: revenue $17.9 billion, up 23.3% on the year
Duke Energy Corp. (DUK) reported revenue of $17.9 billion for fiscal 2012, the year ended 31 December 2012, up 23.3% on the year before. Net income was $1.8 billion, up 3.6%, and diluted earnings per share $3.07. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$17.9 billion
+23.3% on the year
FY2007FY2012
Operating margin
16.3%
19.1% a year earlier
FY2007FY2012
Net income
$1.8 billion
+3.6% on the year
FY2007FY2012
Diluted EPS
$3.07
-20.1% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
17,912
14,529
14,272
+23.3%
Operating income
2,911
2,777
2,461
+4.8%
Operating margin
16.3%
19.1%
17.2%
Interest expense
1,242
859
840
+44.6%
Pre-tax income
2,234
2,465
2,210
-9.4%
Income tax
623
752
890
-17.2%
Effective tax rate
27.9%
30.5%
40.3%
Net income
1,768
1,706
1,320
+3.6%
Net margin
9.9%
11.7%
9.2%
Diluted EPS
$3.07
$3.84
$3.00
-20.1%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
5,244
3,672
4,511
+42.8%
Capital expenditure
5,501
4,363
4,803
+26.1%
Free cash flow
-257
-691
-292
Free cash flow margin
-1.4%
-4.8%
-2.0%
Cash from investing
-6,197
-4,434
-4,423
Cash from financing
267
1,202
40.0
-77.8%
Depreciation and amortisation
2,652
2,026
1,994
+30.9%
Share-based compensation
78.0
52.0
67.0
+50.0%
Dividends paid
1,752
1,329
-1,284
+31.8%
Dividend per share
$3.03
$2.97
$2.91
+2.0%
Diluted shares, weighted
575m
444m
440m
+29.4%
Shares outstanding at period end
704m
445m
443m
+58.1%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
40,863
22,772
22,522
+79.4%
Non-controlling interest
78.0
93.0
131
-16.1%
Short-term borrowings
1,057
154
1,382
+586.4%
Debt
39,461
20,573
18,210
+91.8%
Other liabilities
32,397
18,934
16,845
+71.1%
Total liabilities and equity
113,856
62,526
59,090
+82.1%
Fixed assets
68,558
42,661
40,344
+60.7%
Goodwill
16,365
3,849
3,858
+325.2%
Intangible assets
372
363
467
+2.5%
Investments
333
261
118
+27.6%
Trading assets
33.0
32.0
n/a
+3.1%
Cash and equivalents
1,424
2,110
1,670
-32.5%
Receivables
1,516
784
764
+93.4%
Inventory
n/a
1,588
1,318
Other assets
25,255
10,878
10,551
+132.2%
Total assets
113,856
62,526
59,090
+82.1%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.