Firstenergy (FE) FY2012 results: revenue $15.3 billion, down 5.3% on the year
Firstenergy Corp. (FE) reported revenue of $15.3 billion for fiscal 2012, the year ended 31 December 2012, down 5.3% on the year before. Net income was $770 million, down 13.0%, and diluted earnings per share $1.84. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2015.
Revenue
$15.3 billion
-5.3% on the year
FY2007FY2012
Operating margin
14.0%
10.4% a year earlier
FY2007FY2012
Net income
$770 million
-13.0% on the year
FY2007FY2012
Diluted EPS
$1.84
-16.7% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
15,253
16,105
13,339
-5.3%
Operating income
2,134
1,677
1,743
+27.3%
Operating margin
14.0%
10.4%
13.1%
Interest expense
1,001
1,008
n/a
-0.7%
Pre-tax income
1,300
1,422
1,180
-8.6%
Income tax
545
566
462
-3.7%
Effective tax rate
41.9%
39.8%
39.2%
Net income
770
885
742
-13.0%
Net margin
5.0%
5.5%
5.6%
Diluted EPS
$1.84
$2.21
$2.42
-16.7%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
2,320
3,063
3,076
-24.3%
Capital expenditure
2,678
2,129
1,780
+25.8%
Free cash flow
-358
934
1,296
Free cash flow margin
-2.3%
5.8%
9.7%
Cash from investing
n/a
-956
-1,948
Cash from financing
n/a
-2,924
-983
Depreciation and amortisation
1,051
1,391
1,472
-24.4%
Share-based compensation
89.0
-10.0
-1.0
Dividends paid
920
881
670
+4.4%
Dividend per share
$2.20
$2.20
$2.20
0.0%
Diluted shares, weighted
419m
401m
305m
+4.5%
Shares outstanding at period end
418m
418m
305m
0.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
13,084
13,280
8,984
-1.5%
Non-controlling interest
9.0
19.0
-32.0
-52.6%
Debt
19,147
17,337
14,765
+10.4%
Other liabilities
18,166
16,690
11,814
+8.8%
Total liabilities and equity
50,406
47,326
35,531
+6.5%
Fixed assets
33,036
30,337
20,510
+8.9%
Goodwill
6,447
6,441
5,575
+0.1%
Intangible assets
702
803
256
-12.6%
Investments
3,194
3,522
3,002
-9.3%
Cash and equivalents
172
202
1,019
-14.9%
Receivables
1,614
1,525
1,392
+5.8%
Inventory
861
811
638
+6.2%
Other assets
4,380
3,685
3,139
+18.9%
Total assets
50,406
47,326
35,531
+6.5%
10-K for the year ended 31 December 2012, filed 17 February 2015: the filing.