NextEra Energy (NEE) FY2016 results: revenue $16.2 billion, down 7.6% on the year
NextEra Energy Inc. (NEE) reported revenue of $16.2 billion for fiscal 2016, the year ended 31 December 2016, down 7.6% on the year before. Net income was $2.9 billion, up 5.6%, and diluted earnings per share $1.56. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2017.
Revenue
$16.2 billion
-7.6% on the year
FY2009FY2016
Operating margin
27.6%
26.5% a year earlier
FY2009FY2016
Net income
$2.9 billion
+5.6% on the year
FY2009FY2016
Diluted EPS
$1.56
+3.1% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
16,155
17,486
17,021
-7.6%
Operating income
4,459
4,632
4,384
-3.7%
Operating margin
27.6%
26.5%
25.8%
Pre-tax income
4,378
3,990
3,645
+9.7%
Income tax
1,379
1,228
1,176
+12.3%
Effective tax rate
31.5%
30.8%
32.3%
Net income
2,906
2,752
2,465
+5.6%
Net margin
18.0%
15.7%
14.5%
Diluted EPS
$1.56
$1.51
$1.40
+3.1%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
6,369
6,089
5,500
+4.6%
Cash from investing
-8,046
-8,005
-6,361
Cash from financing
2,424
1,897
1,000
+27.8%
Depreciation and amortisation
3,120
2,831
2,551
+10.2%
Share-based compensation
77.0
60.0
60.0
+28.3%
Buybacks
n/a
n/a
0.0
Dividends paid
1,612
1,385
1,261
+16.4%
Dividend per share
$0.87
$0.77
$0.72
+13.0%
Diluted shares, weighted
1,863m
1,816m
1,760m
+2.6%
Shares outstanding at period end
1,872m
1,844m
1,772m
+1.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
24,341
22,574
19,916
+7.8%
Non-controlling interest
990
538
252
+84.0%
Debt
30,840
29,687
28,701
+3.9%
Other liabilities
34,303
29,680
25,736
+15.6%
Total liabilities and equity
90,474
82,479
74,605
+9.7%
Fixed assets
66,912
61,386
55,705
+9.0%
Goodwill
779
778
147
+0.1%
Intangible assets
1,110
1,064
362
+4.3%
Cash and equivalents
1,292
571
577
+126.3%
Receivables
1,784
1,784
1,805
0.0%
Inventory
1,289
1,259
1,292
+2.4%
Other assets
17,308
15,637
14,717
+10.7%
Total assets
90,474
82,479
74,605
+9.7%
10-K for the year ended 31 December 2016, filed 23 February 2017: the filing.