Edison International (EIX) FY2014 results: revenue $13.4 billion, up 6.6% on the year
Edison International (EIX) reported revenue of $13.4 billion for fiscal 2014, the year ended 31 December 2014, up 6.6% on the year before. Net income was $1.6 billion, up 76.2%, and diluted earnings per share $4.89. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2015.
Revenue
$13.4 billion
+6.6% on the year
FY2007FY2014
Operating margin
18.4%
13.6% a year earlier
FY2007FY2014
Net income
$1.6 billion
+76.2% on the year
FY2007FY2014
Diluted EPS
$4.89
+75.9% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
13,413
12,581
11,862
+6.6%
Operating income
2,472
1,715
2,285
+44.1%
Operating margin
18.4%
13.6%
19.3%
Interest expense
560
544
521
+2.9%
Income tax
443
242
267
+83.1%
Net income
1,612
915
-183
+76.2%
Net margin
12.0%
7.3%
-1.5%
Diluted EPS
$4.89
$2.78
-$0.56
+75.9%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
3,248
2,967
3,334
+9.5%
Capital expenditure
3,906
3,599
4,149
+8.5%
Free cash flow
-658
-632
-815
Free cash flow margin
-4.9%
-5.0%
-6.9%
Cash from investing
-3,907
-3,572
-5,283
Cash from financing
645
581
650
+11.0%
Share-based compensation
40.0
27.0
33.0
+48.1%
Dividends paid
463
440
424
+5.2%
Dividend per share
$1.48
$1.37
$1.31
+8.4%
Diluted shares, weighted
329m
329m
330m
0.0%
Shares outstanding at period end
326m
326m
326m
0.0%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
12,982
11,691
11,191
+11.0%
Redeemable equity
6.0
0.0
n/a
Debt
12,029
10,635
9,406
+13.1%
Other liabilities
24,717
24,320
23,797
+1.6%
Total liabilities and equity
49,734
46,646
44,394
+6.6%
Fixed assets
32,981
30,455
30,273
+8.3%
Cash and equivalents
132
146
170
-9.6%
Receivables
790
838
762
-5.7%
Inventory
281
256
340
+9.8%
Other assets
15,550
14,951
12,849
+4.0%
Total assets
49,734
46,646
44,394
+6.6%
10-K for the year ended 31 December 2014, filed 24 February 2015: the filing.