Nisource (NI) FY2013 results: revenue $4.6 billion, down 8.1% on the year
Nisource Inc. (NI) reported revenue of $4.6 billion for fiscal 2013, the year ended 31 December 2013, down 8.1% on the year before. Net income was $532 million, up 27.9%, and diluted earnings per share $1.70. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2014.
Revenue
$4.6 billion
-8.1% on the year
FY2008FY2013
Operating margin
15.1%
20.7% a year earlier
FY2008FY2013
Net income
$532 million
+27.9% on the year
FY2008FY2013
Diluted EPS
$1.70
+22.3% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
4,625
5,031
5,751
-8.1%
Cost of revenue
1,963
1,517
2,304
+29.4%
Gross profit
2,662
3,520
3,448
-24.4%
Gross margin
57.6%
70.0%
59.9%
Operating income
698
1,040
914
-32.9%
Operating margin
15.1%
20.7%
15.9%
Interest expense
375
418
377
-10.3%
Income tax
109
215
167
-49.4%
Net income
532
416
299
+27.9%
Net margin
11.5%
8.3%
5.2%
Diluted EPS
$1.70
$1.39
$1.03
+22.3%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
1,437
1,276
870
+12.6%
Capital expenditure
1,205
1,499
1,123
-19.6%
Free cash flow
232
-223
-252
Free cash flow margin
5.0%
-4.4%
-4.4%
Cash from investing
-1,891
-1,425
-1,149
Cash from financing
445
174
281
+155.1%
Depreciation and amortisation
470
562
536
-16.3%
Share-based compensation
48.5
45.0
39.2
+7.8%
Buybacks
8.1
10.0
3.1
-19.0%
Dividends paid
306
273
258
+12.0%
Dividend per share
$0.98
$0.94
$0.92
+4.3%
Diluted shares, weighted
314m
300m
288m
+4.4%
Shares outstanding at period end
314m
310m
279m
+1.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
5,887
5,554
4,997
+6.0%
Debt
8,834
8,103
7,954
+9.0%
Other liabilities
7,933
8,187
7,757
-3.1%
Total liabilities and equity
22,654
21,845
20,708
+3.7%
Fixed assets
14,365
12,916
11,800
+11.2%
Goodwill
3,666
3,677
3,677
-0.3%
Intangible assets
276
287
298
-3.8%
Investments
n/a
n/a
26.7
Cash and equivalents
26.5
35.6
11.5
-25.6%
Receivables
1,006
907
851
+10.9%
Other assets
3,315
4,022
4,044
-17.6%
Total assets
22,654
21,845
20,708
+3.7%
10-K for the year ended 31 December 2013, filed 18 February 2014: the filing.