Eversource Energy (ES) FY2017 results: revenue $7.8 billion, up 1.5% on the year
Eversource Energy (ES) reported revenue of $7.8 billion for fiscal 2017, the year ended 31 December 2017, up 1.5% on the year before. Net income was $996 million, up 4.8%, and diluted earnings per share $3.11. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2018.
Revenue
$7.8 billion
+1.5% on the year
FY2010FY2017
Operating margin
24.4%
24.1% a year earlier
FY2010FY2017
Net income
$996 million
+4.8% on the year
FY2010FY2017
Diluted EPS
$3.11
+5.1% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
7,752
7,639
7,955
+1.5%
Operating income
1,888
1,841
1,764
+2.6%
Operating margin
24.4%
24.1%
22.2%
Interest expense
422
401
372
+5.2%
Income tax
579
555
540
+4.3%
Net income
996
950
886
+4.8%
Net margin
12.8%
12.4%
11.1%
Diluted EPS
$3.11
$2.96
$2.76
+5.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,996
2,208
1,434
-9.6%
Capital expenditure
2,348
1,977
1,724
+18.8%
Free cash flow
-352
231
-290
Free cash flow margin
-4.5%
3.0%
-3.7%
Cash from investing
-3,231
-2,151
-1,659
Cash from financing
1,213
-17.9
211
Depreciation and amortisation
864
787
688
+9.7%
Share-based compensation
19.7
23.6
23.1
-16.5%
Dividends paid
602
564
530
+6.7%
Dividend per share
$1.90
$1.78
$1.67
+6.7%
Diluted shares, weighted
318m
318m
318m
-0.1%
Shares outstanding at period end
317m
317m
317m
0.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
11,086
10,712
10,352
+3.5%
Debt
12,326
9,603
9,034
+28.3%
Other liabilities
12,809
11,738
11,194
+9.1%
Total liabilities and equity
36,220
32,053
30,580
+13.0%
Goodwill
4,427
3,519
3,519
+25.8%
Investments
585
545
516
+7.5%
Cash and equivalents
85.9
107
68.0
-19.5%
Receivables
925
847
775
+9.2%
Other assets
30,197
27,035
25,701
+11.7%
Total assets
36,220
32,053
30,580
+13.0%
10-K for the year ended 31 December 2017, filed 26 February 2018: the filing.