Edison International (EIX) FY2013 results: revenue $12.6 billion, up 6.1% on the year
Edison International (EIX) reported revenue of $12.6 billion for fiscal 2013, the year ended 31 December 2013, up 6.1% on the year before. Net income was $915 million, and diluted earnings per share $2.78. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2014.
Revenue
$12.6 billion
+6.1% on the year
FY2007FY2013
Operating margin
13.6%
19.3% a year earlier
FY2007FY2013
Net income
$915 million
FY2007FY2013
Diluted EPS
$2.78
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
12,581
11,862
10,588
+6.1%
Operating income
1,715
2,285
2,061
-24.9%
Operating margin
13.6%
19.3%
19.5%
Interest expense
544
521
485
+4.4%
Pre-tax income
n/a
n/a
-264
Income tax
242
267
568
-9.4%
Net income
915
-183
-37.0
Net margin
7.3%
-1.5%
-0.3%
Diluted EPS
$2.78
-$0.56
-$0.11
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
2,967
3,334
3,906
-11.0%
Capital expenditure
3,599
4,149
4,122
-13.3%
Free cash flow
-632
-815
-216
Free cash flow margin
-5.0%
-6.9%
-2.0%
Cash from investing
-3,572
-5,283
-4,933
Cash from financing
581
650
1,107
-10.6%
Share-based compensation
27.0
33.0
30.0
-18.2%
Dividends paid
440
424
417
+3.8%
Dividend per share
$1.37
$1.31
$1.28
+4.2%
Diluted shares, weighted
329m
330m
329m
-0.3%
Shares outstanding at period end
326m
326m
326m
0.0%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
11,691
11,191
11,086
+4.5%
Redeemable equity
0.0
n/a
n/a
Debt
10,635
9,406
9,263
+13.1%
Other liabilities
24,320
23,797
27,690
+2.2%
Total liabilities and equity
46,646
44,394
48,039
+5.1%
Fixed assets
30,455
30,273
27,644
+0.6%
Cash and equivalents
146
170
1,469
-14.1%
Receivables
838
762
768
+10.0%
Inventory
256
340
350
-24.7%
Other assets
14,951
12,849
17,808
+16.4%
Total assets
46,646
44,394
48,039
+5.1%
10-K for the year ended 31 December 2013, filed 25 February 2014: the filing.