Firstenergy (FE) FY2015 results: revenue $15.0 billion, down 0.2% on the year
Firstenergy Corp. (FE) reported revenue of $15.0 billion for fiscal 2015, the year ended 31 December 2015, down 0.2% on the year before. Net income was $578 million, up 93.3%, and diluted earnings per share $1.37. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2016.
Revenue
$15.0 billion
-0.2% on the year
FY2008FY2015
Operating margin
15.3%
7.1% a year earlier
FY2008FY2015
Net income
$578 million
+93.3% on the year
FY2008FY2015
Diluted EPS
$1.37
+93.0% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
15,026
15,049
14,892
-0.2%
Operating income
2,292
1,062
1,582
+115.8%
Operating margin
15.3%
7.1%
10.6%
Interest expense
1,132
1,081
1,016
+4.7%
Pre-tax income
893
171
570
+422.2%
Income tax
315
-42.0
195
Effective tax rate
35.3%
-24.6%
34.2%
Net income
578
299
392
+93.3%
Net margin
3.8%
2.0%
2.6%
Diluted EPS
$1.37
$0.71
$0.94
+93.0%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
3,460
2,713
2,662
+27.5%
Capital expenditure
2,704
3,312
2,638
-18.4%
Free cash flow
756
-599
24.0
Free cash flow margin
5.0%
-4.0%
0.2%
Cash from investing
-3,122
-3,359
n/a
Cash from financing
-292
513
n/a
Depreciation and amortisation
1,826
1,592
2,022
+14.7%
Share-based compensation
n/a
69.0
60.0
Dividends paid
607
604
920
+0.5%
Dividend per share
$1.44
$1.44
$1.65
0.0%
Diluted shares, weighted
424m
421m
419m
+0.7%
Shares outstanding at period end
424m
421m
419m
+0.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
12,421
12,420
12,692
+0.0%
Non-controlling interest
1.0
2.0
3.0
-50.0%
Debt
21,973
21,779
20,650
+0.9%
Other liabilities
17,792
17,351
17,079
+2.5%
Total liabilities and equity
52,187
51,552
50,424
+1.2%
Fixed assets
37,214
35,783
33,252
+4.0%
Goodwill
6,418
6,418
6,418
0.0%
Intangible assets
331
496
588
-33.3%
Investments
2,788
3,222
3,104
-13.5%
Cash and equivalents
131
85.0
218
+54.1%
Receivables
1,415
1,554
1,720
-8.9%
Inventory
785
817
752
-3.9%
Other assets
3,105
3,177
4,372
-2.3%
Total assets
52,187
51,552
50,424
+1.2%
10-K for the year ended 31 December 2015, filed 16 February 2016: the filing.