Eversource Energy (ES) FY2014 results: revenue $7.7 billion, up 6.0% on the year
Eversource Energy (ES) reported revenue of $7.7 billion for fiscal 2014, the year ended 31 December 2014, up 6.0% on the year before. Net income was $827 million, up 4.2%, and diluted earnings per share $2.58. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2015.
Revenue
$7.7 billion
+6.0% on the year
FY2009FY2014
Operating margin
21.1%
20.9% a year earlier
FY2009FY2014
Net income
$827 million
+4.2% on the year
FY2009FY2014
Diluted EPS
$2.58
+3.6% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
7,742
7,301
6,274
+6.0%
Operating income
1,633
1,529
1,118
+6.8%
Operating margin
21.1%
20.9%
17.8%
Interest expense
362
339
330
+6.9%
Income tax
468
427
275
+9.7%
Net income
827
794
533
+4.2%
Net margin
10.7%
10.9%
8.5%
Diluted EPS
$2.58
$2.49
$1.89
+3.6%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
1,652
1,664
1,161
-0.7%
Capital expenditure
1,604
1,457
1,472
+10.1%
Free cash flow
48.2
207
-311
-76.7%
Free cash flow margin
0.6%
2.8%
-5.0%
Cash from investing
-1,592
-1,441
-1,468
Cash from financing
-64.8
-225
346
Depreciation and amortisation
625
n/a
741
Share-based compensation
24.6
27.0
25.8
-8.9%
Dividends paid
475
463
375
+2.7%
Dividend per share
$1.57
n/a
n/a
Diluted shares, weighted
317m
316m
278m
+0.4%
Shares outstanding at period end
317m
315m
n/a
+0.5%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
9,977
9,612
9,237
+3.8%
Non-controlling interest
n/a
n/a
0.0
Debt
8,814
8,310
7,963
+6.1%
Other liabilities
10,987
9,874
11,102
+11.3%
Total liabilities and equity
29,778
27,796
28,303
+7.1%
Goodwill
3,519
3,519
3,519
0.0%
Investments
639
581
492
+10.0%
Cash and equivalents
38.7
43.4
45.7
-10.7%
Receivables
856
765
793
+11.9%
Other assets
24,724
22,886
23,453
+8.0%
Total assets
29,778
27,796
28,303
+7.1%
10-K for the year ended 31 December 2014, filed 25 February 2015: the filing.