Eversource Energy (ES) FY2013 results: revenue $7.3 billion, up 16.4% on the year
Eversource Energy (ES) reported revenue of $7.3 billion for fiscal 2013, the year ended 31 December 2013, up 16.4% on the year before. Net income was $794 million, up 48.9%, and diluted earnings per share $2.49. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2014.
Revenue
$7.3 billion
+16.4% on the year
FY2009FY2013
Operating margin
20.9%
17.8% a year earlier
FY2009FY2013
Net income
$794 million
+48.9% on the year
FY2009FY2013
Diluted EPS
$2.49
+31.7% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
7,301
6,274
4,466
+16.4%
Operating income
1,529
1,118
794
+36.8%
Operating margin
20.9%
17.8%
17.8%
Interest expense
339
330
250
+2.7%
Income tax
427
275
171
+55.3%
Net income
794
533
401
+48.9%
Net margin
10.9%
8.5%
9.0%
Diluted EPS
$2.49
$1.89
$2.22
+31.7%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
1,664
1,161
970
+43.3%
Capital expenditure
1,457
1,472
1,077
-1.1%
Free cash flow
207
-311
-106
Free cash flow margin
2.8%
-5.0%
-2.4%
Cash from investing
-1,441
-1,468
-1,019
Cash from financing
-225
346
31.4
Depreciation and amortisation
n/a
741
463
Share-based compensation
27.0
25.8
12.3
+4.7%
Dividends paid
463
375
195
+23.4%
Diluted shares, weighted
316m
278m
178m
+13.7%
Shares outstanding at period end
315m
n/a
n/a
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
9,612
9,237
4,013
+4.1%
Non-controlling interest
n/a
0.0
3.0
Debt
8,310
7,963
4,946
+4.4%
Other liabilities
9,874
11,102
6,685
-11.1%
Total liabilities and equity
27,796
28,303
15,647
-1.8%
Goodwill
3,519
3,519
300
0.0%
Investments
581
492
131
+18.0%
Cash and equivalents
43.4
45.7
6.6
-5.2%
Receivables
765
793
488
-3.5%
Other assets
22,886
23,453
14,721
-2.4%
Total assets
27,796
28,303
15,647
-1.8%
10-K for the year ended 31 December 2013, filed 25 February 2014: the filing.