Edison International (EIX) FY2019 results: revenue $12.3 billion, down 2.4% on the year
Edison International (EIX) reported revenue of $12.3 billion for fiscal 2019, the year ended 31 December 2019, down 2.4% on the year before. Net income was $1.3 billion, and diluted earnings per share $3.77. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$12.3 billion
-2.4% on the year
FY2012FY2019
Operating margin
14.4%
-4.4% a year earlier
FY2012FY2019
Net income
$1.3 billion
FY2012FY2019
Diluted EPS
$3.77
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
12,347
12,657
12,320
-2.4%
Operating income
1,775
-552
1,456
Operating margin
14.4%
-4.4%
11.8%
Interest expense
841
734
639
+14.6%
Pre-tax income
1,127
-1,089
949
Income tax
-278
-739
281
Effective tax rate
-24.7%
n/a
29.6%
Net income
1,284
-423
565
Net margin
10.4%
-3.3%
4.6%
Diluted EPS
$3.77
-$1.30
$1.72
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
-307
3,177
3,597
Capital expenditure
4,877
4,509
3,844
+8.2%
Free cash flow
-5,184
-1,332
-247
Free cash flow margin
-42.0%
-10.5%
-2.0%
Cash from investing
-4,678
-4,239
-3,586
Cash from financing
4,903
82.0
1,007
+5,879.3%
Depreciation and amortisation
1,803
1,940
2,115
-7.1%
Share-based compensation
29.0
21.0
23.0
+38.1%
Dividends paid
810
788
707
+2.8%
Dividend per share
$2.48
$2.43
$2.23
+2.0%
Diluted shares, weighted
341m
326m
328m
+4.6%
Shares outstanding at period end
362m
326m
326m
+11.1%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
15,496
12,652
13,866
+22.5%
Redeemable equity
n/a
0.0
19.0
Debt
18,893
15,431
14,516
+22.4%
Operating lease liabilities
613
0.0
n/a
Other liabilities
29,380
28,632
24,179
+2.6%
Total liabilities and equity
64,382
56,715
52,580
+13.5%
Fixed assets
44,285
41,348
39,050
+7.1%
Cash and equivalents
68.0
144
1,091
-52.8%
Receivables
788
730
717
+7.9%
Inventory
364
282
242
+29.1%
Other assets
18,877
14,211
11,480
+32.8%
Total assets
64,382
56,715
52,580
+13.5%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.