Edison International (EIX) FY2018 results: revenue $12.7 billion, up 2.7% on the year
Edison International (EIX) reported revenue of $12.7 billion for fiscal 2018, the year ended 31 December 2018, up 2.7% on the year before. Net income was -$423 million, and diluted earnings per share $-1.30. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$12.7 billion
+2.7% on the year
FY2011FY2018
Operating margin
-4.4%
11.8% a year earlier
FY2011FY2018
Net income
-$423 million
FY2011FY2018
Diluted EPS
-$1.30
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
12,657
12,320
11,869
+2.7%
Operating income
-552
1,456
2,062
Operating margin
-4.4%
11.8%
17.4%
Interest expense
734
639
581
+14.9%
Pre-tax income
-1,089
949
n/a
Income tax
-739
281
177
Effective tax rate
n/a
29.6%
n/a
Net income
-423
565
1,311
Net margin
-3.3%
4.6%
11.0%
Diluted EPS
-$1.30
$1.72
$3.97
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
3,177
3,597
3,256
-11.7%
Capital expenditure
4,509
3,844
3,749
+17.3%
Free cash flow
-1,332
-247
-493
Free cash flow margin
-10.5%
-2.0%
-4.2%
Cash from investing
-4,239
-3,586
-3,403
Cash from financing
82.0
1,007
95.0
-91.9%
Depreciation and amortisation
1,940
2,115
2,098
-8.3%
Share-based compensation
21.0
23.0
34.0
-8.7%
Dividends paid
788
707
626
+11.5%
Dividend per share
$2.43
$2.23
$1.98
+8.7%
Diluted shares, weighted
326m
328m
330m
-0.6%
Shares outstanding at period end
326m
326m
326m
0.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
12,652
13,866
14,187
-8.8%
Redeemable equity
0.0
19.0
5.0
Debt
15,431
14,516
12,463
+6.3%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
28,632
24,179
24,664
+18.4%
Total liabilities and equity
56,715
52,580
51,319
+7.9%
Fixed assets
41,348
39,050
37,000
+5.9%
Cash and equivalents
144
1,091
96.0
-86.8%
Receivables
730
717
714
+1.8%
Inventory
282
242
239
+16.5%
Other assets
14,211
11,480
13,270
+23.8%
Total assets
56,715
52,580
51,319
+7.9%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.