Exelon (EXC) FY2016 results: revenue $31.4 billion, up 6.5% on the year
Exelon Corp. (EXC) reported revenue of $31.4 billion for fiscal 2016, the year ended 31 December 2016, up 6.5% on the year before. Net income was $1.1 billion, down 50.6%, and diluted earnings per share $1.21. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2017.
Revenue
$31.4 billion
+6.5% on the year
FY2009FY2016
Operating margin
10.2%
15.0% a year earlier
FY2009FY2016
Net income
$1.1 billion
-50.6% on the year
FY2009FY2016
Diluted EPS
$1.21
-52.4% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
31,360
29,447
27,429
+6.5%
Operating income
3,212
4,409
3,096
-27.1%
Operating margin
10.2%
15.0%
11.3%
Interest expense
1,495
992
1,024
+50.7%
Pre-tax income
1,973
3,330
2,486
-40.8%
Income tax
753
1,073
666
-29.8%
Effective tax rate
38.2%
32.2%
26.8%
Net income
1,121
2,269
1,623
-50.6%
Net margin
3.6%
7.7%
5.9%
Diluted EPS
$1.21
$2.54
$1.88
-52.4%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
8,445
7,616
4,457
+10.9%
Capital expenditure
8,553
7,624
6,077
+12.2%
Free cash flow
-108
-8.0
-1,620
Free cash flow margin
-0.3%
-0.0%
-5.9%
Cash from investing
-15,450
-7,822
-4,599
Cash from financing
1,191
4,830
411
-75.3%
Depreciation and amortisation
3,936
2,450
2,314
+60.7%
Share-based compensation
111
97.0
91.0
+14.4%
Dividends paid
1,166
1,105
1,065
+5.5%
Dividend per share
$1.26
$1.24
$1.24
+1.6%
Diluted shares, weighted
927m
893m
864m
+3.8%
Shares outstanding at period end
924m
920m
860m
+0.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
25,837
25,793
22,608
+0.2%
Non-controlling interest
1,775
1,308
1,332
+35.7%
Short-term borrowings
1,267
533
n/a
+137.7%
Debt
33,959
25,761
21,624
+31.8%
Other liabilities
52,066
41,989
40,852
+24.0%
Total liabilities and equity
114,904
95,384
86,416
+20.5%
Fixed assets
71,555
57,439
52,087
+24.6%
Goodwill
6,677
2,672
2,672
+149.9%
Intangible assets
-258
755
738
Investments
629
639
544
-1.6%
Cash and equivalents
635
6,502
1,878
-90.2%
Receivables
4,158
3,187
3,482
+30.5%
Other assets
31,508
24,190
25,015
+30.3%
Total assets
114,904
95,384
86,416
+20.5%
10-K for the year ended 31 December 2016, filed 13 February 2017: the filing.