Exelon (EXC) FY2017 results: revenue $33.5 billion, up 6.9% on the year
Exelon Corp. (EXC) reported revenue of $33.5 billion for fiscal 2017, the year ended 31 December 2017, up 6.9% on the year before. Net income was $3.8 billion, up 237.1%, and diluted earnings per share $3.97. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2018.
Revenue
$33.5 billion
+6.9% on the year
FY2010FY2017
Operating margin
13.1%
10.2% a year earlier
FY2010FY2017
Net income
$3.8 billion
+237.1% on the year
FY2010FY2017
Diluted EPS
$3.97
+228.1% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
33,531
31,360
29,447
+6.9%
Operating income
4,388
3,212
4,409
+36.6%
Operating margin
13.1%
10.2%
15.0%
Interest expense
1,524
1,495
992
+1.9%
Pre-tax income
3,775
1,973
3,330
+91.3%
Income tax
-126
753
1,073
Effective tax rate
-3.3%
38.2%
32.2%
Net income
3,779
1,121
2,269
+237.1%
Net margin
11.3%
3.6%
7.7%
Diluted EPS
$3.97
$1.21
$2.54
+228.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
7,480
8,445
7,616
-11.4%
Capital expenditure
7,584
8,553
7,624
-11.3%
Free cash flow
-104
-108
-8.0
Free cash flow margin
-0.3%
-0.3%
-0.0%
Cash from investing
-7,971
-15,450
-7,822
Cash from financing
767
1,191
4,830
-35.6%
Depreciation and amortisation
3,828
3,936
2,450
-2.7%
Share-based compensation
88.0
111
97.0
-20.7%
Dividends paid
1,236
1,166
1,105
+6.0%
Dividend per share
$1.31
$1.26
$1.24
+4.0%
Diluted shares, weighted
949m
927m
893m
+2.4%
Shares outstanding at period end
963m
924m
920m
+4.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
29,857
25,837
25,793
+15.6%
Non-controlling interest
2,291
1,775
1,308
+29.1%
Short-term borrowings
n/a
1,267
533
Debt
35,193
33,959
25,761
+3.6%
Other liabilities
49,359
52,066
41,989
-5.2%
Total liabilities and equity
116,700
114,904
95,384
+1.6%
Fixed assets
74,202
71,555
57,439
+3.7%
Goodwill
6,677
6,677
2,672
0.0%
Intangible assets
-27.0
-258
755
Investments
640
629
639
+1.7%
Cash and equivalents
898
635
6,502
+41.4%
Receivables
4,445
4,158
3,187
+6.9%
Other assets
29,865
31,508
24,190
-5.2%
Total assets
116,700
114,904
95,384
+1.6%
10-K for the year ended 31 December 2017, filed 9 February 2018: the filing.