Exelon (EXC) FY2020 results: revenue $16.7 billion, down 0.4% on the year
Exelon Corp. (EXC) reported revenue of $16.7 billion for fiscal 2020, the year ended 31 December 2020, down 0.4% on the year before. Net income was $2.0 billion, down 33.1%, and diluted earnings per share $2.01. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2021.
Revenue
$16.7 billion
-0.4% on the year
FY2013FY2020
Operating margin
13.1%
15.9% a year earlier
FY2013FY2020
Net income
$2.0 billion
-33.1% on the year
FY2013FY2020
Diluted EPS
$2.01
-33.2% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
16,663
16,725
35,985
-0.4%
Operating income
2,191
2,656
3,898
-17.5%
Operating margin
13.1%
15.9%
10.8%
Interest expense
1,610
1,591
1,529
+1.2%
Pre-tax income
1,092
1,638
2,225
-33.3%
Income tax
-7.0
153
118
Effective tax rate
-0.6%
9.3%
5.3%
Net income
1,963
2,936
2,005
-33.1%
Net margin
11.8%
17.6%
5.6%
Diluted EPS
$2.01
$3.01
$2.07
-33.2%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
4,235
6,659
8,644
-36.4%
Capital expenditure
8,048
7,248
7,594
+11.0%
Free cash flow
-3,813
-589
1,050
Free cash flow margin
-22.9%
-3.5%
2.9%
Cash from investing
-4,336
-7,260
-7,834
Cash from financing
145
-58.0
-219
Depreciation and amortisation
2,891
2,717
4,353
+6.4%
Share-based compensation
n/a
n/a
75.0
Dividends paid
1,492
1,408
1,332
+6.0%
Dividend per share
$1.53
$1.45
$1.38
+5.5%
Diluted shares, weighted
977m
974m
969m
+0.3%
Shares outstanding at period end
976m
973m
968m
+0.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
32,585
32,224
30,764
+1.1%
Non-controlling interest
2,283
2,349
2,306
-2.8%
Short-term borrowings
1,191
1,370
n/a
-13.1%
Debt
36,906
35,950
36,138
+2.7%
Other liabilities
56,352
53,084
50,458
+6.2%
Total liabilities and equity
129,317
124,977
119,666
+3.5%
Fixed assets
60,332
80,233
76,707
-24.8%
Goodwill
6,630
6,677
6,677
-0.7%
Intangible assets
-290
174
118
Investments
238
464
625
-48.7%
Cash and equivalents
432
587
1,349
-26.4%
Receivables
1,932
4,592
4,607
-57.9%
Other assets
60,043
32,250
29,583
+86.2%
Total assets
129,317
124,977
119,666
+3.5%
10-K for the year ended 31 December 2020, filed 24 February 2021: the filing.