Nisource (NI) FY2012 results: revenue $5.0 billion, down 12.5% on the year
Nisource Inc. (NI) reported revenue of $5.0 billion for fiscal 2012, the year ended 31 December 2012, down 12.5% on the year before. Net income was $416 million, up 39.1%, and diluted earnings per share $1.39. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2014.
Revenue
$5.0 billion
-12.5% on the year
FY2008FY2012
Operating margin
20.7%
15.9% a year earlier
FY2008FY2012
Net income
$416 million
+39.1% on the year
FY2008FY2012
Diluted EPS
$1.39
+35.0% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
5,031
5,751
6,415
-12.5%
Cost of revenue
1,517
2,304
2,964
-34.1%
Gross profit
3,520
3,448
3,440
+2.1%
Gross margin
70.0%
59.9%
53.6%
Operating income
1,040
914
906
+13.7%
Operating margin
20.7%
15.9%
14.1%
Interest expense
418
377
392
+11.0%
Income tax
215
167
135
+28.8%
Net income
416
299
283
+39.1%
Net margin
8.3%
5.2%
4.4%
Diluted EPS
$1.39
$1.03
$1.01
+35.0%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,276
870
725
+46.6%
Capital expenditure
1,499
1,123
804
+33.5%
Free cash flow
-223
-252
-78.4
Free cash flow margin
-4.4%
-4.4%
-1.2%
Cash from investing
-1,425
-1,149
-943
Cash from financing
174
281
211
-38.0%
Depreciation and amortisation
562
536
597
+4.9%
Share-based compensation
45.0
39.2
30.9
+14.8%
Buybacks
10.0
3.1
1.5
+222.6%
Dividends paid
273
258
256
+6.0%
Dividend per share
$0.94
$0.92
$0.92
+2.2%
Diluted shares, weighted
300m
288m
280m
+4.1%
Shares outstanding at period end
310m
279m
279m
+11.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
5,554
4,997
4,898
+11.1%
Debt
8,103
7,954
7,353
+1.9%
Other liabilities
8,187
7,757
7,688
+5.5%
Total liabilities and equity
21,845
20,708
19,939
+5.5%
Fixed assets
12,916
11,800
11,097
+9.5%
Goodwill
3,677
3,677
3,677
0.0%
Intangible assets
287
298
309
-3.7%
Investments
n/a
26.7
26.7
Cash and equivalents
35.6
11.5
9.2
+209.6%
Receivables
907
851
1,079
+6.7%
Other assets
4,022
4,044
3,741
-0.6%
Total assets
21,845
20,708
19,939
+5.5%
10-K for the year ended 31 December 2012, filed 18 February 2014: the filing.