Firstenergy (FE) FY2017 results: revenue $10.9 billion, up 2.1% on the year
Firstenergy Corp. (FE) reported revenue of $10.9 billion for fiscal 2017, the year ended 31 December 2017, up 2.1% on the year before. Net income was -$1.7 billion, and diluted earnings per share $-3.88. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2018.
Revenue
$10.9 billion
+2.1% on the year
FY2010FY2017
Operating margin
22.2%
19.2% a year earlier
FY2010FY2017
Net income
-$1.7 billion
FY2010FY2017
Diluted EPS
-$3.88
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
10,928
10,700
15,026
+2.1%
Operating income
2,428
2,054
2,292
+18.2%
Operating margin
22.2%
19.2%
15.3%
Interest expense
1,005
973
1,132
+3.3%
Pre-tax income
1,426
1,078
893
+32.3%
Income tax
1,715
527
315
+225.4%
Effective tax rate
120.3%
48.9%
35.3%
Net income
-1,724
-6,177
578
Net margin
-15.8%
-57.7%
3.8%
Diluted EPS
-$3.88
-$14.49
$1.37
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
3,808
3,383
3,460
+12.6%
Capital expenditure
2,587
2,835
2,704
-8.7%
Free cash flow
1,221
548
756
+122.8%
Free cash flow margin
11.2%
5.1%
5.0%
Cash from investing
-2,723
-3,302
-3,122
Cash from financing
-702
-34.0
-292
Depreciation and amortisation
1,700
1,974
1,826
-13.9%
Dividends paid
639
611
607
+4.6%
Dividend per share
$1.44
$1.44
$1.44
0.0%
Diluted shares, weighted
444m
426m
424m
+4.2%
Shares outstanding at period end
445m
442m
424m
+0.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
3,925
6,241
12,421
-37.1%
Non-controlling interest
n/a
0.0
1.0
Debt
19,545
22,552
21,973
-13.3%
Other liabilities
18,787
14,355
17,792
+30.9%
Total liabilities and equity
42,257
43,148
52,187
-2.1%
Fixed assets
28,101
29,387
37,214
-4.4%
Goodwill
5,618
5,618
6,418
0.0%
Intangible assets
105
120
331
-12.5%
Investments
3,203
3,026
2,788
+5.8%
Cash and equivalents
589
199
131
+196.0%
Receivables
1,282
1,440
1,415
-11.0%
Inventory
236
564
785
-58.2%
Other assets
3,123
2,794
3,105
+11.8%
Total assets
42,257
43,148
52,187
-2.1%
10-K for the year ended 31 December 2017, filed 20 February 2018: the filing.