Entergy (ETR) FY2018 results: revenue $11.0 billion, down 0.6% on the year
Entergy Corp. (ETR) reported revenue of $11.0 billion for fiscal 2018, the year ended 31 December 2018, down 0.6% on the year before. Net income was $849 million, up 106.2%, and diluted earnings per share $2.31. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$11.0 billion
-0.6% on the year
FY2009FY2018
Operating margin
4.3%
12.3% a year earlier
FY2009FY2018
Net income
$849 million
+106.2% on the year
FY2009FY2018
Diluted EPS
$2.31
+103.1% on the year
FY2009FY2018
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
11,009
11,074
10,846
-0.6%
Operating income
469
1,360
-815
-65.5%
Operating margin
4.3%
12.3%
-7.5%
Interest expense
707
662
666
+6.8%
Pre-tax income
-174
968
-1,382
Income tax
-1,037
543
-817
Effective tax rate
n/a
56.1%
n/a
Net income
849
412
-584
+106.2%
Net margin
7.7%
3.7%
-5.4%
Diluted EPS
$2.31
$1.14
-$1.63
+103.1%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
2,385
2,624
2,999
-9.1%
Capital expenditure
3,942
3,608
2,780
+9.3%
Free cash flow
-1,557
-984
218
Free cash flow margin
-14.1%
-8.9%
2.0%
Cash from investing
-4,106
-3,841
-3,850
Cash from financing
1,420
811
688
+75.2%
Depreciation and amortisation
2,041
2,079
2,123
-1.8%
Buybacks
n/a
0.0
0.0
Dividends paid
648
629
612
+3.0%
Dividend per share
$1.79
$1.75
$1.71
+2.3%
Diluted shares, weighted
367m
361m
358m
+1.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
8,844
7,993
8,082
+10.7%
Non-controlling interest
0.0
n/a
n/a
Redeemable equity
219
198
203
+10.9%
Short-term borrowings
1,942
1,578
n/a
+23.1%
Debt
16,168
15,075
14,833
+7.3%
Other liabilities
21,101
21,863
22,787
-3.5%
Total liabilities and equity
48,275
46,707
45,904
+3.4%
Fixed assets
304
261
234
+16.6%
Goodwill
377
377
377
0.0%
Investments
7,662
7,915
6,427
-3.2%
Cash and equivalents
481
781
1,188
-38.4%
Receivables
1,114
1,213
1,170
-8.1%
Other assets
38,336
36,160
36,508
+6.0%
Total assets
48,275
46,707
45,904
+3.4%
10-K for the year ended 31 December 2018, filed 26 February 2019: the filing.