Edison International (EIX) FY2021 results: revenue $14.9 billion, up 9.8% on the year
Edison International (EIX) reported revenue of $14.9 billion for fiscal 2021, the year ended 31 December 2021, up 9.8% on the year before. Net income was $759 million, up 2.7%, and diluted earnings per share $2.00. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$14.9 billion
+9.8% on the year
FY2014FY2021
Operating margin
9.9%
9.0% a year earlier
FY2014FY2021
Net income
$759 million
+2.7% on the year
FY2014FY2021
Diluted EPS
$2.00
+1.0% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
11.0
1,263
-307
-99.1%
Capital expenditure
5,505
5,484
4,877
+0.4%
Free cash flow
-5,494
-4,221
-5,184
Free cash flow margin
-36.9%
-31.1%
-42.0%
Cash from investing
-5,151
-4,971
-4,678
Cash from financing
5,445
3,727
4,903
+46.1%
Depreciation and amortisation
2,288
2,029
1,803
+12.8%
Share-based compensation
39.0
29.0
29.0
+34.5%
Dividends paid
988
928
810
+6.5%
Dividend per share
$2.69
$2.58
$2.48
+4.4%
Diluted shares, weighted
380m
374m
341m
+1.6%
Shares outstanding at period end
380m
379m
362m
+0.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
15,888
14,048
15,496
+13.1%
Non-controlling interest
1,901
1,901
n/a
0.0%
Debt
27,601
23,059
18,893
+19.7%
Operating lease liabilities
1,350
873
613
+54.6%
Other liabilities
28,005
29,491
29,380
-5.0%
Total liabilities and equity
74,745
69,372
64,382
+7.7%
Fixed assets
50,700
47,839
44,285
+6.0%
Investments
12.0
n/a
n/a
Cash and equivalents
390
87.0
68.0
+348.3%
Receivables
1,398
1,130
788
+23.7%
Inventory
420
405
364
+3.7%
Other assets
21,825
19,911
18,877
+9.6%
Total assets
74,745
69,372
64,382
+7.7%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.