Duke Energy (DUK) FY2015 results: revenue $22.4 billion, down 0.6% on the year
Duke Energy Corp. (DUK) reported revenue of $22.4 billion for fiscal 2015, the year ended 31 December 2015, down 0.6% on the year before. Net income was $2.8 billion, up 49.5%, and diluted earnings per share $4.05. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$22.4 billion
-0.6% on the year
FY2008FY2015
Operating margin
22.7%
21.5% a year earlier
FY2008FY2015
Net income
$2.8 billion
+49.5% on the year
FY2008FY2015
Diluted EPS
$4.05
+52.3% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
22,371
22,509
22,756
-0.6%
Operating income
5,078
4,842
4,854
+4.9%
Operating margin
22.7%
21.5%
21.3%
Interest expense
1,527
1,529
1,546
-0.1%
Pre-tax income
3,910
3,763
3,795
+3.9%
Income tax
1,256
1,225
1,205
+2.5%
Effective tax rate
32.1%
32.6%
31.8%
Net income
2,816
1,883
2,665
+49.5%
Net margin
12.6%
8.4%
11.7%
Diluted EPS
$4.05
$2.66
$3.76
+52.3%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
6,700
6,586
6,382
+1.7%
Capital expenditure
6,766
5,384
5,526
+25.7%
Free cash flow
-66.0
1,202
856
Free cash flow margin
-0.3%
5.3%
3.8%
Cash from investing
-5,277
-5,373
-4,978
Cash from financing
-2,602
-678
-1,327
Depreciation and amortisation
3,613
3,507
3,229
+3.0%
Share-based compensation
61.0
61.0
85.0
0.0%
Buybacks
1,500
n/a
n/a
Dividends paid
2,254
2,234
2,188
+0.9%
Dividend per share
$3.24
n/a
$3.09
Diluted shares, weighted
694m
707m
706m
-1.8%
Shares outstanding at period end
688m
707m
706m
-2.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
39,727
40,875
41,330
-2.8%
Non-controlling interest
44.0
24.0
78.0
+83.3%
Short-term borrowings
3,633
2,514
839
+44.5%
Debt
38,868
39,868
40,256
-2.5%
Other liabilities
38,884
37,428
32,276
+3.9%
Total liabilities and equity
121,156
120,709
114,779
+0.4%
Fixed assets
73,779
70,046
69,490
+5.3%
Goodwill
16,072
16,321
16,340
-1.5%
Intangible assets
242
263
378
-8.0%
Investments
n/a
n/a
44.0
Securities held for sale or to maturity
2,321
2,004
n/a
+15.8%
Trading assets
n/a
7.0
18.0
Cash and equivalents
383
463
476
-17.3%
Receivables
515
791
1,286
-34.9%
Other assets
27,844
30,814
26,747
-9.6%
Total assets
121,156
120,709
114,779
+0.4%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.