Eversource Energy (ES) FY2016 results: revenue $7.6 billion, down 4.0% on the year
Eversource Energy (ES) reported revenue of $7.6 billion for fiscal 2016, the year ended 31 December 2016, down 4.0% on the year before. Net income was $950 million, up 7.2%, and diluted earnings per share $2.96. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2017.
Revenue
$7.6 billion
-4.0% on the year
FY2009FY2016
Operating margin
24.1%
22.2% a year earlier
FY2009FY2016
Net income
$950 million
+7.2% on the year
FY2009FY2016
Diluted EPS
$2.96
+7.2% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
7,639
7,955
7,742
-4.0%
Operating income
1,841
1,764
1,633
+4.4%
Operating margin
24.1%
22.2%
21.1%
Interest expense
401
372
362
+7.7%
Income tax
555
540
468
+2.8%
Net income
950
886
827
+7.2%
Net margin
12.4%
11.1%
10.7%
Diluted EPS
$2.96
$2.76
$2.58
+7.2%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
2,208
1,434
1,652
+54.0%
Capital expenditure
1,977
1,724
1,604
+14.7%
Free cash flow
231
-290
48.2
Free cash flow margin
3.0%
-3.7%
0.6%
Cash from investing
-2,151
-1,659
-1,592
Cash from financing
-17.9
211
-64.8
Depreciation and amortisation
787
688
625
+14.4%
Share-based compensation
23.6
23.1
24.6
+2.2%
Dividends paid
564
530
475
+6.5%
Dividend per share
$1.78
$1.67
$1.57
+6.6%
Diluted shares, weighted
318m
318m
317m
+0.0%
Shares outstanding at period end
317m
317m
317m
-0.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
10,712
10,352
9,977
+3.5%
Debt
9,603
9,034
8,814
+6.3%
Other liabilities
11,738
11,194
10,987
+4.9%
Total liabilities and equity
32,053
30,580
29,778
+4.8%
Goodwill
3,519
3,519
3,519
0.0%
Investments
545
516
639
+5.5%
Cash and equivalents
107
68.0
38.7
+57.0%
Receivables
847
775
856
+9.3%
Other assets
27,035
25,701
24,724
+5.2%
Total assets
32,053
30,580
29,778
+4.8%
10-K for the year ended 31 December 2016, filed 23 February 2017: the filing.