Entergy (ETR) FY2020 results: revenue $10.1 billion, down 7.0% on the year
Entergy Corp. (ETR) reported revenue of $10.1 billion for fiscal 2020, the year ended 31 December 2020, down 7.0% on the year before. Net income was $1.4 billion, up 11.9%, and diluted earnings per share $3.45. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$10.1 billion
-7.0% on the year
FY2010FY2020
Operating margin
17.5%
12.8% a year earlier
FY2010FY2020
Net income
$1.4 billion
+11.9% on the year
FY2010FY2020
Diluted EPS
$3.45
+9.5% on the year
FY2010FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
10,114
10,879
11,009
-7.0%
Operating income
1,769
1,390
469
+27.2%
Operating margin
17.5%
12.8%
4.3%
Interest expense
786
742
707
+5.8%
Pre-tax income
1,285
1,088
-174
+18.1%
Income tax
-122
-170
-1,037
Effective tax rate
-9.5%
-15.6%
n/a
Net income
1,388
1,241
849
+11.9%
Net margin
13.7%
11.4%
7.7%
Diluted EPS
$3.45
$3.15
$2.31
+9.5%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
2,690
2,817
2,385
-4.5%
Capital expenditure
247
4,198
3,942
-94.1%
Free cash flow
2,443
-1,381
-1,557
Free cash flow margin
24.2%
-12.7%
-14.1%
Cash from investing
-4,772
-4,510
-4,106
Cash from financing
3,416
1,638
1,420
+108.5%
Depreciation and amortisation
2,258
2,182
2,041
+3.5%
Dividends paid
748
712
648
+5.2%
Dividend per share
$1.87
$1.83
$1.79
+2.2%
Diluted shares, weighted
402m
394m
367m
+2.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
10,926
10,224
8,844
+6.9%
Non-controlling interest
35.0
35.0
0.0
0.0%
Redeemable equity
219
219
219
0.0%
Short-term borrowings
1,627
1,947
1,942
-16.4%
Debt
22,370
17,874
16,168
+25.2%
Operating lease liabilities
n/a
181
n/a
Finance lease liabilities
52.8
53.4
n/a
-1.1%
Other liabilities
23,009
21,191
21,101
+8.6%
Total liabilities and equity
58,239
51,724
48,275
+12.6%
Fixed assets
343
333
304
+3.1%
Goodwill
377
377
377
0.0%
Investments
7,811
7,233
7,662
+8.0%
Cash and equivalents
1,759
426
481
+313.2%
Receivables
1,286
1,209
1,114
+6.4%
Other assets
46,663
42,146
38,336
+10.7%
Total assets
58,239
51,724
48,275
+12.6%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.