Exelon (EXC) FY2013 results: revenue $24.9 billion, up 6.0% on the year
Exelon Corp. (EXC) reported revenue of $24.9 billion for fiscal 2013, the year ended 31 December 2013, up 6.0% on the year before. Net income was $1.7 billion, up 46.8%, and diluted earnings per share $2.00. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2014.
Revenue
$24.9 billion
+6.0% on the year
FY2008FY2013
Operating margin
14.7%
10.1% a year earlier
FY2008FY2013
Net income
$1.7 billion
+46.8% on the year
FY2008FY2013
Diluted EPS
$2.00
+40.8% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
24,888
23,489
19,063
+6.0%
Operating income
3,669
2,373
4,480
+54.6%
Operating margin
14.7%
10.1%
23.5%
Interest expense
1,315
891
701
+47.6%
Pre-tax income
2,773
1,798
3,952
+54.2%
Income tax
1,044
627
1,457
+66.5%
Effective tax rate
37.6%
34.9%
36.9%
Net income
1,719
1,171
2,495
+46.8%
Net margin
6.9%
5.0%
13.1%
Diluted EPS
$2.00
$1.42
$3.75
+40.8%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
6,343
6,131
4,853
+3.5%
Capital expenditure
5,395
5,789
4,042
-6.8%
Free cash flow
948
342
811
+177.2%
Free cash flow margin
3.8%
1.5%
4.3%
Cash from investing
-5,394
-4,576
-4,603
Cash from financing
-826
-1,085
-846
Depreciation and amortisation
2,153
1,881
1,347
+14.5%
Share-based compensation
120
94.0
67.0
+27.7%
Buybacks
n/a
0.0
0.0
Dividends paid
1,249
1,716
1,393
-27.2%
Dividend per share
$1.46
$2.10
$2.10
-30.5%
Diluted shares, weighted
860m
819m
665m
+5.0%
Shares outstanding at period end
857m
855m
663m
+0.3%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
22,732
21,431
14,385
+6.1%
Non-controlling interest
15.0
106
3.0
-85.8%
Short-term borrowings
341
0.0
163
Debt
19,408
18,945
13,034
+2.4%
Other liabilities
37,428
38,072
27,507
-1.7%
Total liabilities and equity
79,924
78,554
55,092
+1.7%
Fixed assets
47,330
45,186
32,570
+4.7%
Goodwill
2,625
2,625
2,625
0.0%
Intangible assets
417
444
463
-6.1%
Investments
1,187
1,184
751
+0.3%
Cash and equivalents
1,609
1,486
1,016
+8.3%
Receivables
2,981
2,795
1,613
+6.7%
Other assets
23,775
24,834
16,054
-4.3%
Total assets
79,924
78,554
55,092
+1.7%
10-K for the year ended 31 December 2013, filed 14 February 2014: the filing.