Edison International (EIX) FY2016 results: revenue $11.9 billion, up 3.0% on the year
Edison International (EIX) reported revenue of $11.9 billion for fiscal 2016, the year ended 31 December 2016, up 3.0% on the year before. Net income was $1.3 billion, up 28.5%, and diluted earnings per share $3.97. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2017.
Revenue
$11.9 billion
+3.0% on the year
FY2009FY2016
Operating margin
17.4%
17.4% a year earlier
FY2009FY2016
Net income
$1.3 billion
+28.5% on the year
FY2009FY2016
Diluted EPS
$3.97
+28.1% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
11,869
11,524
13,413
+3.0%
Operating income
2,062
2,008
2,472
+2.7%
Operating margin
17.4%
17.4%
18.4%
Interest expense
581
555
560
+4.7%
Income tax
177
486
443
-63.6%
Net income
1,311
1,020
1,612
+28.5%
Net margin
11.0%
8.9%
12.0%
Diluted EPS
$3.97
$3.10
$4.89
+28.1%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
3,256
4,509
3,248
-27.8%
Capital expenditure
3,749
4,225
3,906
-11.3%
Free cash flow
-493
284
-658
Free cash flow margin
-4.2%
2.5%
-4.9%
Cash from investing
-3,403
-3,892
-3,907
Cash from financing
95.0
-588
645
Depreciation and amortisation
2,098
1,919
n/a
+9.3%
Share-based compensation
34.0
29.0
40.0
+17.2%
Dividends paid
626
544
463
+15.1%
Dividend per share
$1.98
$1.73
$1.48
+14.4%
Diluted shares, weighted
330m
329m
329m
+0.3%
Shares outstanding at period end
326m
326m
326m
0.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
14,187
13,388
12,982
+6.0%
Redeemable equity
5.0
6.0
6.0
-16.7%
Debt
12,463
11,873
12,029
+5.0%
Other liabilities
24,664
25,043
24,717
-1.5%
Total liabilities and equity
51,319
50,310
49,734
+2.0%
Fixed assets
37,000
35,085
32,981
+5.5%
Cash and equivalents
96.0
161
132
-40.4%
Receivables
714
771
790
-7.4%
Inventory
239
267
281
-10.5%
Other assets
13,270
14,026
15,550
-5.4%
Total assets
51,319
50,310
49,734
+2.0%
10-K for the year ended 31 December 2016, filed 21 February 2017: the filing.