NextEra Energy (NEE) FY2014 results: revenue $17.0 billion, up 12.5% on the year
NextEra Energy Inc. (NEE) reported revenue of $17.0 billion for fiscal 2014, the year ended 31 December 2014, up 12.5% on the year before. Net income was $2.5 billion, up 29.2%, and diluted earnings per share $1.40. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2015.
Revenue
$17.0 billion
+12.5% on the year
FY2007FY2014
Operating margin
25.8%
21.4% a year earlier
FY2007FY2014
Net income
$2.5 billion
+29.2% on the year
FY2007FY2014
Diluted EPS
$1.40
+25.3% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
17,021
15,136
14,256
+12.5%
Operating income
4,384
3,241
3,276
+35.3%
Operating margin
25.8%
21.4%
23.0%
Pre-tax income
3,645
2,454
2,603
+48.5%
Income tax
1,176
777
692
+51.4%
Effective tax rate
32.3%
31.7%
26.6%
Net income
2,465
1,908
1,911
+29.2%
Net margin
14.5%
12.6%
13.4%
Diluted EPS
$1.40
$1.12
$1.14
+25.3%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
5,500
5,102
3,992
+7.8%
Cash from investing
-6,361
-6,123
-8,928
Cash from financing
1,000
1,130
4,888
-11.5%
Depreciation and amortisation
2,551
2,163
1,518
+17.9%
Share-based compensation
60.0
67.0
57.0
-10.4%
Buybacks
0.0
0.0
19.0
Dividends paid
1,261
1,122
1,004
+12.4%
Dividend per share
$0.72
$0.66
$0.60
+9.8%
Diluted shares, weighted
1,760m
1,708m
1,677m
+3.1%
Shares outstanding at period end
1,772m
1,740m
1,696m
+1.8%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
19,916
18,040
16,068
+10.4%
Non-controlling interest
252
0.0
n/a
Debt
28,701
28,426
27,359
+1.0%
Other liabilities
25,736
22,541
21,012
+14.2%
Total liabilities and equity
74,605
69,007
64,439
+8.1%
Fixed assets
55,705
52,720
49,413
+5.7%
Goodwill
147
149
151
-1.3%
Intangible assets
362
91.0
96.0
+297.8%
Cash and equivalents
577
438
438
+31.7%
Receivables
1,805
1,777
1,487
+1.6%
Inventory
1,292
1,153
1,073
+12.1%
Other assets
14,717
12,679
11,781
+16.1%
Total assets
74,605
69,007
64,439
+8.1%
10-K for the year ended 31 December 2014, filed 20 February 2015: the filing.