Entergy (ETR) FY2019 results: revenue $10.9 billion, down 1.2% on the year
Entergy Corp. (ETR) reported revenue of $10.9 billion for fiscal 2019, the year ended 31 December 2019, down 1.2% on the year before. Net income was $1.2 billion, up 46.3%, and diluted earnings per share $3.15. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2020.
Revenue
$10.9 billion
-1.2% on the year
FY2009FY2019
Operating margin
12.8%
4.3% a year earlier
FY2009FY2019
Net income
$1.2 billion
+46.3% on the year
FY2009FY2019
Diluted EPS
$3.15
+36.1% on the year
FY2009FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
10,879
11,009
11,074
-1.2%
Operating income
1,390
469
1,360
+196.3%
Operating margin
12.8%
4.3%
12.3%
Interest expense
742
707
662
+5.0%
Pre-tax income
1,088
-174
968
Income tax
-170
-1,037
543
Effective tax rate
-15.6%
n/a
56.1%
Net income
1,241
849
412
+46.3%
Net margin
11.4%
7.7%
3.7%
Diluted EPS
$3.15
$2.31
$1.14
+36.1%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
2,817
2,385
2,624
+18.1%
Capital expenditure
4,198
3,942
3,608
+6.5%
Free cash flow
-1,381
-1,557
-984
Free cash flow margin
-12.7%
-14.1%
-8.9%
Cash from investing
-4,510
-4,106
-3,841
Cash from financing
1,638
1,420
811
+15.3%
Depreciation and amortisation
2,182
2,041
2,079
+6.9%
Buybacks
n/a
n/a
0.0
Dividends paid
712
648
629
+9.9%
Dividend per share
$1.83
$1.79
$1.75
+2.2%
Diluted shares, weighted
394m
367m
361m
+7.4%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
10,224
8,844
7,993
+15.6%
Non-controlling interest
35.0
0.0
n/a
Redeemable equity
219
219
198
+0.0%
Short-term borrowings
1,947
1,942
1,578
+0.2%
Debt
17,874
16,168
15,075
+10.5%
Operating lease liabilities
181
n/a
n/a
Finance lease liabilities
53.4
n/a
n/a
Other liabilities
21,191
21,101
21,863
+0.4%
Total liabilities and equity
51,724
48,275
46,707
+7.1%
Fixed assets
333
304
261
+9.4%
Goodwill
377
377
377
0.0%
Investments
7,233
7,662
7,915
-5.6%
Cash and equivalents
426
481
781
-11.5%
Receivables
1,209
1,114
1,213
+8.5%
Other assets
42,146
38,336
36,160
+9.9%
Total assets
51,724
48,275
46,707
+7.1%
10-K for the year ended 31 December 2019, filed 21 February 2020: the filing.