Edison International (EIX) FY2020 results: revenue $13.6 billion, up 10.0% on the year
Edison International (EIX) reported revenue of $13.6 billion for fiscal 2020, the year ended 31 December 2020, up 10.0% on the year before. Net income was $739 million, down 42.4%, and diluted earnings per share $1.98. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2021.
Revenue
$13.6 billion
+10.0% on the year
FY2013FY2020
Operating margin
9.0%
14.4% a year earlier
FY2013FY2020
Net income
$739 million
-42.4% on the year
FY2013FY2020
Diluted EPS
$1.98
-47.5% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
13,578
12,347
12,657
+10.0%
Operating income
1,217
1,775
-552
-31.4%
Operating margin
9.0%
14.4%
-4.4%
Interest expense
902
841
734
+7.3%
Pre-tax income
566
1,127
-1,089
-49.8%
Income tax
-305
-278
-739
Effective tax rate
-53.9%
-24.7%
n/a
Net income
739
1,284
-423
-42.4%
Net margin
5.4%
10.4%
-3.3%
Diluted EPS
$1.98
$3.77
-$1.30
-47.5%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
1,263
-307
3,177
Capital expenditure
5,484
4,877
4,509
+12.4%
Free cash flow
-4,221
-5,184
-1,332
Free cash flow margin
-31.1%
-42.0%
-10.5%
Cash from investing
-4,971
-4,678
-4,239
Cash from financing
3,727
4,903
82.0
-24.0%
Depreciation and amortisation
2,029
1,803
1,940
+12.5%
Share-based compensation
29.0
29.0
21.0
0.0%
Dividends paid
928
810
788
+14.6%
Dividend per share
$2.58
$2.48
$2.43
+4.0%
Diluted shares, weighted
374m
341m
326m
+9.7%
Shares outstanding at period end
379m
362m
326m
+4.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
14,048
15,496
12,652
-9.3%
Non-controlling interest
1,901
n/a
n/a
Redeemable equity
n/a
n/a
0.0
Debt
23,059
18,893
15,431
+22.1%
Operating lease liabilities
873
613
0.0
+42.4%
Other liabilities
29,491
29,380
28,632
+0.4%
Total liabilities and equity
69,372
64,382
56,715
+7.8%
Fixed assets
47,839
44,285
41,348
+8.0%
Cash and equivalents
87.0
68.0
144
+27.9%
Receivables
1,130
788
730
+43.4%
Inventory
405
364
282
+11.3%
Other assets
19,911
18,877
14,211
+5.5%
Total assets
69,372
64,382
56,715
+7.8%
10-K for the year ended 31 December 2020, filed 25 February 2021: the filing.