Exelon (EXC) FY2018 results: revenue $36.0 billion, up 7.3% on the year
Exelon Corp. (EXC) reported revenue of $36.0 billion for fiscal 2018, the year ended 31 December 2018, up 7.3% on the year before. Net income was $2.0 billion, down 46.9%, and diluted earnings per share $2.07. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2019.
Revenue
$36.0 billion
+7.3% on the year
FY2011FY2018
Operating margin
10.8%
13.1% a year earlier
FY2011FY2018
Net income
$2.0 billion
-46.9% on the year
FY2011FY2018
Diluted EPS
$2.07
-47.9% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
35,985
33,531
31,360
+7.3%
Operating income
3,898
4,388
3,212
-11.2%
Operating margin
10.8%
13.1%
10.2%
Interest expense
1,529
1,524
1,495
+0.3%
Pre-tax income
2,225
3,775
1,973
-41.1%
Income tax
118
-126
753
Effective tax rate
5.3%
-3.3%
38.2%
Net income
2,005
3,779
1,121
-46.9%
Net margin
5.6%
11.3%
3.6%
Diluted EPS
$2.07
$3.97
$1.21
-47.9%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
8,644
7,480
8,445
+15.6%
Capital expenditure
7,594
7,584
8,553
+0.1%
Free cash flow
1,050
-104
-108
Free cash flow margin
2.9%
-0.3%
-0.3%
Cash from investing
-7,834
-7,971
-15,450
Cash from financing
-219
767
1,191
Depreciation and amortisation
4,353
3,828
3,936
+13.7%
Share-based compensation
75.0
88.0
111
-14.8%
Dividends paid
1,332
1,236
1,166
+7.8%
Dividend per share
$1.38
$1.31
$1.26
+5.3%
Diluted shares, weighted
969m
949m
927m
+2.1%
Shares outstanding at period end
968m
963m
924m
+0.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
30,764
29,857
25,837
+3.0%
Non-controlling interest
2,306
2,291
1,775
+0.7%
Short-term borrowings
n/a
n/a
1,267
Debt
36,138
35,193
33,959
+2.7%
Other liabilities
50,458
49,359
52,066
+2.2%
Total liabilities and equity
119,666
116,700
114,904
+2.5%
Fixed assets
76,707
74,202
71,555
+3.4%
Goodwill
6,677
6,677
6,677
0.0%
Intangible assets
118
-27.0
-258
Investments
625
640
629
-2.3%
Cash and equivalents
1,349
898
635
+50.2%
Receivables
4,607
4,445
4,158
+3.6%
Other assets
29,583
29,865
31,508
-0.9%
Total assets
119,666
116,700
114,904
+2.5%
10-K for the year ended 31 December 2018, filed 8 February 2019: the filing.