Eversource Energy (ES) FY2018 results: revenue $8.4 billion, up 9.0% on the year
Eversource Energy (ES) reported revenue of $8.4 billion for fiscal 2018, the year ended 31 December 2018, up 9.0% on the year before. Net income was $1.0 billion, up 4.5%, and diluted earnings per share $3.25. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$8.4 billion
+9.0% on the year
FY2011FY2018
Operating margin
20.1%
24.4% a year earlier
FY2011FY2018
Net income
$1.0 billion
+4.5% on the year
FY2011FY2018
Diluted EPS
$3.25
+4.5% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
8,448
7,752
7,639
+9.0%
Operating income
1,700
1,888
1,841
-10.0%
Operating margin
20.1%
24.4%
24.1%
Interest expense
499
422
401
+18.3%
Income tax
289
579
555
-50.1%
Net income
1,041
996
950
+4.5%
Net margin
12.3%
12.8%
12.4%
Diluted EPS
$3.25
$3.11
$2.96
+4.5%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,831
1,996
2,208
-8.3%
Capital expenditure
2,570
2,348
1,977
+9.4%
Free cash flow
-739
-352
231
Free cash flow margin
-8.8%
-4.5%
3.0%
Cash from investing
-2,437
-3,231
-2,151
Cash from financing
730
1,213
-17.9
-39.8%
Depreciation and amortisation
1,072
864
787
+24.1%
Share-based compensation
21.4
19.7
23.6
+8.6%
Dividends paid
640
602
564
+6.3%
Dividend per share
$2.02
$1.90
$1.78
+6.3%
Diluted shares, weighted
318m
318m
318m
-0.0%
Shares outstanding at period end
317m
317m
317m
0.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
11,487
11,086
10,712
+3.6%
Debt
13,086
12,326
9,603
+6.2%
Other liabilities
13,668
12,809
11,738
+6.7%
Total liabilities and equity
38,241
36,220
32,053
+5.6%
Goodwill
4,427
4,427
3,519
0.0%
Investments
418
585
545
-28.7%
Cash and equivalents
209
85.9
107
+143.7%
Receivables
994
925
847
+7.5%
Other assets
32,193
30,197
27,035
+6.6%
Total assets
38,241
36,220
32,053
+5.6%
10-K for the year ended 31 December 2018, filed 26 February 2019: the filing.