Edison International (EIX) FY2017 results: revenue $12.3 billion, up 3.8% on the year
Edison International (EIX) reported revenue of $12.3 billion for fiscal 2017, the year ended 31 December 2017, up 3.8% on the year before. Net income was $565 million, down 56.9%, and diluted earnings per share $1.72. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2018.
Revenue
$12.3 billion
+3.8% on the year
FY2010FY2017
Operating margin
11.8%
17.4% a year earlier
FY2010FY2017
Net income
$565 million
-56.9% on the year
FY2010FY2017
Diluted EPS
$1.72
-56.7% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
12,320
11,869
11,524
+3.8%
Operating income
1,456
2,062
2,008
-29.4%
Operating margin
11.8%
17.4%
17.4%
Interest expense
639
581
555
+10.0%
Pre-tax income
949
n/a
n/a
Income tax
281
177
486
+58.8%
Effective tax rate
29.6%
n/a
n/a
Net income
565
1,311
1,020
-56.9%
Net margin
4.6%
11.0%
8.9%
Diluted EPS
$1.72
$3.97
$3.10
-56.7%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
3,597
3,256
4,509
+10.5%
Capital expenditure
3,844
3,749
4,225
+2.5%
Free cash flow
-247
-493
284
Free cash flow margin
-2.0%
-4.2%
2.5%
Cash from investing
-3,586
-3,403
-3,892
Cash from financing
1,007
95.0
-588
+960.0%
Depreciation and amortisation
2,115
2,098
1,919
+0.8%
Share-based compensation
23.0
34.0
29.0
-32.4%
Dividends paid
707
626
544
+12.9%
Dividend per share
$2.23
$1.98
$1.73
+12.6%
Diluted shares, weighted
328m
330m
329m
-0.6%
Shares outstanding at period end
326m
326m
326m
0.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
13,866
14,187
13,388
-2.3%
Redeemable equity
19.0
5.0
6.0
+280.0%
Debt
14,516
12,463
11,873
+16.5%
Other liabilities
24,179
24,664
25,043
-2.0%
Total liabilities and equity
52,580
51,319
50,310
+2.5%
Fixed assets
39,050
37,000
35,085
+5.5%
Cash and equivalents
1,091
96.0
161
+1,036.5%
Receivables
717
714
771
+0.4%
Inventory
242
239
267
+1.3%
Other assets
11,480
13,270
14,026
-13.5%
Total assets
52,580
51,319
50,310
+2.5%
10-K for the year ended 31 December 2017, filed 22 February 2018: the filing.