Exelon (EXC) FY2012 results: revenue $23.5 billion, up 23.2% on the year
Exelon Corp. (EXC) reported revenue of $23.5 billion for fiscal 2012, the year ended 31 December 2012, up 23.2% on the year before. Net income was $1.2 billion, down 53.1%, and diluted earnings per share $1.42. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$23.5 billion
+23.2% on the year
FY2008FY2012
Operating margin
10.1%
23.5% a year earlier
FY2008FY2012
Net income
$1.2 billion
-53.1% on the year
FY2008FY2012
Diluted EPS
$1.42
-62.1% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
23,489
19,063
18,644
+23.2%
Operating income
2,373
4,480
4,726
-47.0%
Operating margin
10.1%
23.5%
25.3%
Interest expense
891
701
792
+27.1%
Pre-tax income
1,798
3,952
4,221
-54.5%
Income tax
627
1,457
1,658
-57.0%
Effective tax rate
34.9%
36.9%
39.3%
Net income
1,171
2,495
2,563
-53.1%
Net margin
5.0%
13.1%
13.7%
Diluted EPS
$1.42
$3.75
$3.87
-62.1%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
6,131
4,853
5,244
+26.3%
Capital expenditure
5,789
4,042
3,326
+43.2%
Free cash flow
342
811
1,918
-57.8%
Free cash flow margin
1.5%
4.3%
10.3%
Cash from investing
-4,576
-4,603
-3,894
Cash from financing
-1,085
-846
-1,748
Depreciation and amortisation
1,881
1,347
2,075
+39.6%
Share-based compensation
94.0
67.0
44.0
+40.3%
Buybacks
0.0
0.0
0.0
Dividends paid
1,716
1,393
1,389
+23.2%
Dividend per share
$2.10
$2.10
$2.10
0.0%
Diluted shares, weighted
819m
665m
663m
+23.2%
Shares outstanding at period end
855m
663m
662m
+28.9%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
21,431
14,385
13,560
+49.0%
Non-controlling interest
106
3.0
3.0
+3,433.3%
Short-term borrowings
0.0
163
0.0
Debt
18,945
13,034
12,624
+45.4%
Other liabilities
38,072
27,507
26,053
+38.4%
Total liabilities and equity
78,554
55,092
52,240
+42.6%
Fixed assets
45,186
32,570
29,941
+38.7%
Goodwill
2,625
2,625
2,625
0.0%
Intangible assets
444
463
292
-4.1%
Investments
1,184
751
717
+57.7%
Cash and equivalents
1,486
1,016
1,612
+46.3%
Receivables
2,795
1,613
1,932
+73.3%
Other assets
24,834
16,054
15,121
+54.7%
Total assets
78,554
55,092
52,240
+42.6%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.