Exelon (EXC) FY2019 results: revenue $16.7 billion, down 53.5% on the year
Exelon Corp. (EXC) reported revenue of $16.7 billion for fiscal 2019, the year ended 31 December 2019, down 53.5% on the year before. Net income was $2.9 billion, up 46.4%, and diluted earnings per share $3.01. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2020.
Revenue
$16.7 billion
-53.5% on the year
FY2012FY2019
Operating margin
15.9%
10.8% a year earlier
FY2012FY2019
Net income
$2.9 billion
+46.4% on the year
FY2012FY2019
Diluted EPS
$3.01
+45.4% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
16,725
35,985
33,531
-53.5%
Operating income
2,656
3,898
4,388
-31.9%
Operating margin
15.9%
10.8%
13.1%
Interest expense
1,591
1,529
1,524
+4.1%
Pre-tax income
1,638
2,225
3,775
-26.4%
Income tax
153
118
-126
+29.7%
Effective tax rate
9.3%
5.3%
-3.3%
Net income
2,936
2,005
3,779
+46.4%
Net margin
17.6%
5.6%
11.3%
Diluted EPS
$3.01
$2.07
$3.97
+45.4%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
6,659
8,644
7,480
-23.0%
Capital expenditure
7,248
7,594
7,584
-4.6%
Free cash flow
-589
1,050
-104
Free cash flow margin
-3.5%
2.9%
-0.3%
Cash from investing
-7,260
-7,834
-7,971
Cash from financing
-58.0
-219
767
Depreciation and amortisation
2,717
4,353
3,828
-37.6%
Share-based compensation
n/a
75.0
88.0
Dividends paid
1,408
1,332
1,236
+5.7%
Dividend per share
$1.45
$1.38
$1.31
+5.1%
Diluted shares, weighted
974m
969m
949m
+0.5%
Shares outstanding at period end
973m
968m
963m
+0.5%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
32,224
30,764
29,857
+4.7%
Non-controlling interest
2,349
2,306
2,291
+1.9%
Short-term borrowings
1,370
n/a
n/a
Debt
35,950
36,138
35,193
-0.5%
Other liabilities
53,084
50,458
49,359
+5.2%
Total liabilities and equity
124,977
119,666
116,700
+4.4%
Fixed assets
80,233
76,707
74,202
+4.6%
Goodwill
6,677
6,677
6,677
0.0%
Intangible assets
174
118
-27.0
+47.5%
Investments
464
625
640
-25.8%
Cash and equivalents
587
1,349
898
-56.5%
Receivables
4,592
4,607
4,445
-0.3%
Other assets
32,250
29,583
29,865
+9.0%
Total assets
124,977
119,666
116,700
+4.4%
10-K for the year ended 31 December 2019, filed 11 February 2020: the filing.