NextEra Energy (NEE) FY2013 results: revenue $15.1 billion, up 6.2% on the year
NextEra Energy Inc. (NEE) reported revenue of $15.1 billion for fiscal 2013, the year ended 31 December 2013, up 6.2% on the year before. Net income was $1.9 billion, down 0.2%, and diluted earnings per share $1.12. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2014.
Revenue
$15.1 billion
+6.2% on the year
FY2007FY2013
Operating margin
21.4%
23.0% a year earlier
FY2007FY2013
Net income
$1.9 billion
-0.2% on the year
FY2007FY2013
Diluted EPS
$1.12
-2.0% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
15,136
14,256
15,341
+6.2%
Operating income
3,241
3,276
3,261
-1.1%
Operating margin
21.4%
23.0%
21.3%
Pre-tax income
2,454
2,603
2,452
-5.7%
Income tax
777
692
529
+12.3%
Effective tax rate
31.7%
26.6%
21.6%
Net income
1,908
1,911
1,923
-0.2%
Net margin
12.6%
13.4%
12.5%
Diluted EPS
$1.12
$1.14
$1.15
-2.0%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
5,102
3,992
4,074
+27.8%
Cash from investing
-6,123
-8,928
-5,279
Cash from financing
1,130
4,888
1,280
-76.9%
Depreciation and amortisation
2,163
1,518
1,567
+42.5%
Share-based compensation
67.0
57.0
49.0
+17.5%
Buybacks
0.0
19.0
375
Dividends paid
1,122
1,004
920
+11.8%
Dividend per share
$0.66
$0.60
$0.55
+10.0%
Diluted shares, weighted
1,708m
1,677m
1,676m
+1.9%
Shares outstanding at period end
1,740m
1,696m
1,664m
+2.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
18,040
16,068
14,943
+12.3%
Non-controlling interest
0.0
n/a
n/a
Debt
28,426
27,359
22,967
+3.9%
Other liabilities
22,541
21,012
19,278
+7.3%
Total liabilities and equity
69,007
64,439
57,188
+7.1%
Fixed assets
52,720
49,413
42,490
+6.7%
Goodwill
149
151
147
-1.3%
Intangible assets
91.0
96.0
115
-5.2%
Cash and equivalents
438
438
329
0.0%
Receivables
1,777
1,487
1,372
+19.5%
Inventory
1,153
1,073
1,074
+7.5%
Other assets
12,679
11,781
11,661
+7.6%
Total assets
69,007
64,439
57,188
+7.1%
10-K for the year ended 31 December 2013, filed 24 February 2014: the filing.