Duke Energy (DUK) FY2017 results: revenue $23.6 billion, up 3.6% on the year
Duke Energy Corp. (DUK) reported revenue of $23.6 billion for fiscal 2017, the year ended 31 December 2017, up 3.6% on the year before. Net income was $3.1 billion, up 42.1%, and diluted earnings per share $4.36. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2018.
Revenue
$23.6 billion
+3.6% on the year
FY2010FY2017
Operating margin
23.9%
22.9% a year earlier
FY2010FY2017
Net income
$3.1 billion
+42.1% on the year
FY2010FY2017
Diluted EPS
$4.36
+40.2% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
23,565
22,743
22,371
+3.6%
Cost of revenue
6,350
6,625
n/a
-4.2%
Gross profit
17,215
16,118
n/a
+6.8%
Gross margin
73.1%
70.9%
n/a
Operating income
5,625
5,202
5,078
+8.1%
Operating margin
23.9%
22.9%
22.7%
Interest expense
1,986
1,916
1,527
+3.7%
Pre-tax income
4,266
3,734
3,910
+14.2%
Income tax
1,196
1,156
1,256
+3.5%
Effective tax rate
28.0%
31.0%
32.1%
Net income
3,059
2,152
2,816
+42.1%
Net margin
13.0%
9.5%
12.6%
Diluted EPS
$4.36
$3.11
$4.05
+40.2%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
6,634
6,863
6,700
-3.3%
Capital expenditure
8,052
7,901
6,766
+1.9%
Free cash flow
-1,418
-1,038
-66.0
Free cash flow margin
-6.0%
-4.6%
-0.3%
Cash from investing
-8,450
-11,533
-5,277
Cash from financing
1,782
4,251
-2,602
-58.1%
Depreciation and amortisation
4,046
3,880
3,613
+4.3%
Share-based compensation
68.0
55.0
61.0
+23.6%
Buybacks
n/a
n/a
1,500
Dividends paid
2,450
2,332
2,254
+5.1%
Dividend per share
$3.49
$3.36
$3.24
+3.9%
Diluted shares, weighted
700m
691m
694m
+1.3%
Shares outstanding at period end
700m
700m
688m
0.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
41,739
41,033
39,727
+1.7%
Non-controlling interest
-2.0
8.0
44.0
Short-term borrowings
2,163
2,487
3,633
-13.0%
Debt
52,279
47,895
38,868
+9.2%
Other liabilities
41,735
41,338
38,884
+1.0%
Total liabilities and equity
137,914
132,761
121,156
+3.9%
Fixed assets
86,391
82,520
73,779
+4.7%
Goodwill
19,396
19,425
16,072
-0.1%
Intangible assets
230
226
242
+1.8%
Securities held for sale or to maturity
2,284
2,208
2,321
+3.4%
Trading assets
n/a
5.0
n/a
Cash and equivalents
358
392
383
-8.7%
Receivables
1,995
1,893
515
+5.4%
Other assets
27,260
26,092
27,844
+4.5%
Total assets
137,914
132,761
121,156
+3.9%
10-K for the year ended 31 December 2017, filed 21 February 2018: the filing.