Edison International (EIX) FY2015 results: revenue $11.5 billion, down 14.1% on the year
Edison International (EIX) reported revenue of $11.5 billion for fiscal 2015, the year ended 31 December 2015, down 14.1% on the year before. Net income was $1.0 billion, down 36.7%, and diluted earnings per share $3.10. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2016.
Revenue
$11.5 billion
-14.1% on the year
FY2008FY2015
Operating margin
17.4%
18.4% a year earlier
FY2008FY2015
Net income
$1.0 billion
-36.7% on the year
FY2008FY2015
Diluted EPS
$3.10
-36.6% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
11,524
13,413
12,581
-14.1%
Operating income
2,008
2,472
1,715
-18.8%
Operating margin
17.4%
18.4%
13.6%
Interest expense
555
560
544
-0.9%
Income tax
486
443
242
+9.7%
Net income
1,020
1,612
915
-36.7%
Net margin
8.9%
12.0%
7.3%
Diluted EPS
$3.10
$4.89
$2.78
-36.6%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
4,509
3,248
2,967
+38.8%
Capital expenditure
4,225
3,906
3,599
+8.2%
Free cash flow
284
-658
-632
Free cash flow margin
2.5%
-4.9%
-5.0%
Cash from investing
-3,892
-3,907
-3,572
Cash from financing
-588
645
581
Depreciation and amortisation
1,919
n/a
n/a
Share-based compensation
29.0
40.0
27.0
-27.5%
Dividends paid
544
463
440
+17.5%
Dividend per share
$1.73
$1.48
$1.37
+16.9%
Diluted shares, weighted
329m
329m
329m
0.0%
Shares outstanding at period end
326m
326m
326m
0.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
13,388
12,982
11,691
+3.1%
Redeemable equity
6.0
6.0
0.0
0.0%
Debt
11,873
12,029
10,635
-1.3%
Other liabilities
25,043
24,717
24,320
+1.3%
Total liabilities and equity
50,310
49,734
46,646
+1.2%
Fixed assets
35,085
32,981
30,455
+6.4%
Cash and equivalents
161
132
146
+22.0%
Receivables
771
790
838
-2.4%
Inventory
267
281
256
-5.0%
Other assets
14,026
15,550
14,951
-9.8%
Total assets
50,310
49,734
46,646
+1.2%
10-K for the year ended 31 December 2015, filed 23 February 2016: the filing.