NextEra Energy (NEE) FY2018 results: revenue $16.7 billion, down 2.7% on the year
NextEra Energy Inc. (NEE) reported revenue of $16.7 billion for fiscal 2018, the year ended 31 December 2018, down 2.7% on the year before. Net income was $6.6 billion, up 23.4%, and diluted earnings per share $3.47. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2019.
Revenue
$16.7 billion
-2.7% on the year
FY2011FY2018
Operating margin
25.6%
30.1% a year earlier
FY2011FY2018
Net income
$6.6 billion
+23.4% on the year
FY2011FY2018
Diluted EPS
$3.47
+22.0% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
16,727
17,195
16,155
-2.7%
Operating income
4,280
5,173
4,459
-17.3%
Operating margin
25.6%
30.1%
27.6%
Pre-tax income
7,352
4,667
4,378
+57.5%
Income tax
1,576
-660
1,379
Effective tax rate
21.4%
-14.1%
31.5%
Net income
6,638
5,378
2,906
+23.4%
Net margin
39.7%
31.3%
18.0%
Diluted EPS
$3.47
$2.85
$1.56
+22.0%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
6,593
6,458
6,369
+2.1%
Cash from investing
-10,950
-8,918
-8,046
Cash from financing
7,634
2,888
2,424
+164.3%
Depreciation and amortisation
3,911
2,357
3,120
+65.9%
Share-based compensation
82.0
76.0
77.0
+7.9%
Dividends paid
2,101
1,845
1,612
+13.9%
Dividend per share
$1.11
$0.98
$0.87
+13.0%
Diluted shares, weighted
1,908m
1,890m
1,863m
+1.0%
Shares outstanding at period end
1,912m
1,884m
1,872m
+1.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
34,144
28,208
24,341
+21.0%
Non-controlling interest
3,269
1,295
990
+152.4%
Redeemable equity
468
0.0
n/a
Debt
37,712
35,025
30,840
+7.7%
Other liabilities
28,109
33,299
34,303
-15.6%
Total liabilities and equity
103,702
97,827
90,474
+6.0%
Fixed assets
70,334
72,416
66,912
-2.9%
Goodwill
891
764
779
+16.6%
Intangible assets
573
1,149
1,110
-50.1%
Cash and equivalents
638
1,714
1,292
-62.8%
Receivables
2,302
2,220
1,784
+3.7%
Inventory
1,223
1,273
1,289
-3.9%
Other assets
27,741
18,291
17,308
+51.7%
Total assets
103,702
97,827
90,474
+6.0%
10-K for the year ended 31 December 2018, filed 15 February 2019: the filing.