Exelon (EXC) FY2011 results: revenue $19.1 billion, up 2.2% on the year
Exelon Corp. (EXC) reported revenue of $19.1 billion for fiscal 2011, the year ended 31 December 2011, up 2.2% on the year before. Net income was $2.5 billion, down 2.7%, and diluted earnings per share $3.75. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2012.
Revenue
$19.1 billion
+2.2% on the year
FY2008FY2011
Operating margin
23.5%
25.3% a year earlier
FY2008FY2011
Net income
$2.5 billion
-2.7% on the year
FY2008FY2011
Diluted EPS
$3.75
-3.1% on the year
FY2008FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
19,063
18,644
17,318
+2.2%
Operating income
4,480
4,726
4,750
-5.2%
Operating margin
23.5%
25.3%
27.4%
Interest expense
701
792
654
-11.5%
Pre-tax income
3,952
4,221
4,419
-6.4%
Income tax
1,457
1,658
1,712
-12.1%
Effective tax rate
36.9%
39.3%
38.7%
Net income
2,495
2,563
2,707
-2.7%
Net margin
13.1%
13.7%
15.6%
Diluted EPS
$3.75
$3.87
$4.09
-3.1%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
4,853
5,244
6,094
-7.5%
Capital expenditure
4,042
3,326
3,273
+21.5%
Free cash flow
811
1,918
2,821
-57.7%
Free cash flow margin
4.3%
10.3%
16.3%
Cash from investing
-4,603
-3,894
-3,458
Cash from financing
-846
-1,748
-1,897
Depreciation and amortisation
1,347
2,075
1,834
-35.1%
Share-based compensation
67.0
44.0
70.0
+52.3%
Buybacks
0.0
0.0
0.0
Dividends paid
1,393
1,389
1,385
+0.3%
Dividend per share
$2.10
$2.10
$2.10
0.0%
Diluted shares, weighted
665m
663m
662m
+0.3%
Shares outstanding at period end
663m
662m
660m
+0.2%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
14,385
13,560
12,640
+6.1%
Non-controlling interest
3.0
3.0
0.0
0.0%
Short-term borrowings
163
0.0
155
Debt
13,034
12,624
10,995
+3.2%
Other liabilities
27,507
26,053
25,390
+5.6%
Total liabilities and equity
55,092
52,240
49,180
+5.5%
Fixed assets
32,570
29,941
27,341
+8.8%
Goodwill
2,625
2,625
2,625
0.0%
Intangible assets
463
292
n/a
+58.6%
Investments
751
717
704
+4.7%
Cash and equivalents
1,016
1,612
2,010
-37.0%
Receivables
1,613
1,932
1,563
-16.5%
Other assets
16,054
15,121
14,937
+6.2%
Total assets
55,092
52,240
49,180
+5.5%
10-K for the year ended 31 December 2011, filed 9 February 2012: the filing.