NextEra Energy (NEE) FY2017 results: revenue $17.2 billion, up 6.4% on the year
NextEra Energy Inc. (NEE) reported revenue of $17.2 billion for fiscal 2017, the year ended 31 December 2017, up 6.4% on the year before. Net income was $5.4 billion, up 85.1%, and diluted earnings per share $2.85. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2018.
Revenue
$17.2 billion
+6.4% on the year
FY2010FY2017
Operating margin
30.1%
27.6% a year earlier
FY2010FY2017
Net income
$5.4 billion
+85.1% on the year
FY2010FY2017
Diluted EPS
$2.85
+82.1% on the year
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
17,195
16,155
17,486
+6.4%
Operating income
5,173
4,459
4,632
+16.0%
Operating margin
30.1%
27.6%
26.5%
Pre-tax income
4,667
4,378
3,990
+6.6%
Income tax
-660
1,379
1,228
Effective tax rate
-14.1%
31.5%
30.8%
Net income
5,378
2,906
2,752
+85.1%
Net margin
31.3%
18.0%
15.7%
Diluted EPS
$2.85
$1.56
$1.51
+82.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
6,458
6,369
6,089
+1.4%
Cash from investing
-8,918
-8,046
-8,005
Cash from financing
2,888
2,424
1,897
+19.1%
Depreciation and amortisation
2,357
3,120
2,831
-24.5%
Share-based compensation
76.0
77.0
60.0
-1.3%
Dividends paid
1,845
1,612
1,385
+14.5%
Dividend per share
$0.98
$0.87
$0.77
+12.9%
Diluted shares, weighted
1,890m
1,863m
1,816m
+1.4%
Shares outstanding at period end
1,884m
1,872m
1,844m
+0.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
28,208
24,341
22,574
+15.9%
Non-controlling interest
1,295
990
538
+30.8%
Redeemable equity
0.0
n/a
n/a
Debt
35,025
30,840
29,687
+13.6%
Other liabilities
33,299
34,303
29,680
-2.9%
Total liabilities and equity
97,827
90,474
82,479
+8.1%
Fixed assets
72,416
66,912
61,386
+8.2%
Goodwill
764
779
778
-1.9%
Intangible assets
1,149
1,110
1,064
+3.5%
Cash and equivalents
1,714
1,292
571
+32.7%
Receivables
2,220
1,784
1,784
+24.4%
Inventory
1,273
1,289
1,259
-1.2%
Other assets
18,291
17,308
15,637
+5.7%
Total assets
97,827
90,474
82,479
+8.1%
10-K for the year ended 31 December 2017, filed 16 February 2018: the filing.