Duke Energy (DUK) FY2016 results: revenue $22.7 billion, up 1.7% on the year
Duke Energy Corp. (DUK) reported revenue of $22.7 billion for fiscal 2016, the year ended 31 December 2016, up 1.7% on the year before. Net income was $2.2 billion, down 23.6%, and diluted earnings per share $3.11. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2018.
Revenue
$22.7 billion
+1.7% on the year
FY2009FY2016
Operating margin
22.9%
22.7% a year earlier
FY2009FY2016
Net income
$2.2 billion
-23.6% on the year
FY2009FY2016
Diluted EPS
$3.11
-23.2% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
22,743
22,371
22,509
+1.7%
Cost of revenue
6,625
n/a
n/a
Gross profit
16,118
n/a
n/a
Gross margin
70.9%
n/a
n/a
Operating income
5,202
5,078
4,842
+2.4%
Operating margin
22.9%
22.7%
21.5%
Interest expense
1,916
1,527
1,529
+25.5%
Pre-tax income
3,734
3,910
3,763
-4.5%
Income tax
1,156
1,256
1,225
-8.0%
Effective tax rate
31.0%
32.1%
32.6%
Net income
2,152
2,816
1,883
-23.6%
Net margin
9.5%
12.6%
8.4%
Diluted EPS
$3.11
$4.05
$2.66
-23.2%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
6,863
6,700
6,586
+2.4%
Capital expenditure
7,901
6,766
5,384
+16.8%
Free cash flow
-1,038
-66.0
1,202
Free cash flow margin
-4.6%
-0.3%
5.3%
Cash from investing
-11,533
-5,277
-5,373
Cash from financing
4,251
-2,602
-678
Depreciation and amortisation
3,880
3,613
3,507
+7.4%
Share-based compensation
55.0
61.0
61.0
-9.8%
Buybacks
n/a
1,500
n/a
Dividends paid
2,332
2,254
2,234
+3.5%
Dividend per share
$3.36
$3.24
n/a
+3.7%
Diluted shares, weighted
691m
694m
707m
-0.4%
Shares outstanding at period end
700m
688m
707m
+1.7%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
41,033
39,727
40,875
+3.3%
Non-controlling interest
8.0
44.0
24.0
-81.8%
Short-term borrowings
2,487
3,633
2,514
-31.5%
Debt
47,895
38,868
39,868
+23.2%
Other liabilities
41,338
38,884
37,428
+6.3%
Total liabilities and equity
132,761
121,156
120,709
+9.6%
Fixed assets
82,520
73,779
70,046
+11.8%
Goodwill
19,425
16,072
16,321
+20.9%
Intangible assets
226
242
263
-6.6%
Securities held for sale or to maturity
2,208
2,321
2,004
-4.9%
Trading assets
5.0
n/a
7.0
Cash and equivalents
392
383
463
+2.3%
Receivables
1,893
515
791
+267.6%
Other assets
26,092
27,844
30,814
-6.3%
Total assets
132,761
121,156
120,709
+9.6%
10-K for the year ended 31 December 2016, filed 21 February 2018: the filing.