Edison International (EIX) FY2011 results: revenue $10.6 billion, up 5.9% on the year
Edison International (EIX) reported revenue of $10.6 billion for fiscal 2011, the year ended 31 December 2011, up 5.9% on the year before. Net income was -$37 million, and diluted earnings per share $-0.11. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2014.
Revenue
$10.6 billion
+5.9% on the year
FY2007FY2011
Operating margin
19.5%
18.2% a year earlier
FY2007FY2011
Net income
-$37 million
FY2007FY2011
Diluted EPS
-$0.11
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
10,588
9,996
12,361
+5.9%
Operating income
2,061
1,819
1,398
+13.3%
Operating margin
19.5%
18.2%
11.3%
Interest expense
485
440
732
+10.2%
Pre-tax income
-264
1,657
806
Income tax
568
335
-98.0
+69.6%
Effective tax rate
n/a
20.2%
-12.2%
Net income
-37.0
1,256
849
Net margin
-0.3%
12.6%
6.9%
Diluted EPS
-$0.11
$3.82
$2.58
$ 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
3,906
3,477
3,045
+12.3%
Capital expenditure
4,122
3,780
3,282
+9.0%
Free cash flow
-216
-303
-237
Free cash flow margin
-2.0%
-3.0%
-1.9%
Cash from investing
-4,933
-4,814
-2,359
Cash from financing
1,107
1,053
-2,929
+5.1%
Share-based compensation
30.0
24.0
22.0
+25.0%
Dividends paid
417
411
404
+1.5%
Dividend per share
$1.28
$1.26
$1.25
+1.6%
Diluted shares, weighted
329m
329m
327m
0.0%
Shares outstanding at period end
326m
326m
326m
0.0%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
11,086
11,494
11,006
-3.5%
Short-term borrowings
n/a
n/a
85.0
Debt
9,263
12,534
10,814
-26.1%
Other liabilities
27,690
21,502
19,539
+28.8%
Total liabilities and equity
48,039
45,530
41,444
+5.5%
Fixed assets
27,644
30,184
27,113
-8.4%
Investments
n/a
n/a
10.0
Cash and equivalents
1,469
1,389
1,673
+5.8%
Receivables
768
931
1,017
-17.5%
Inventory
350
568
533
-38.4%
Other assets
17,808
12,458
11,098
+42.9%
Total assets
48,039
45,530
41,444
+5.5%
10-K for the year ended 31 December 2011, filed 25 February 2014: the filing.