Nisource (NI) FY2014 results: revenue $5.3 billion, up 14.0% on the year
Nisource Inc. (NI) reported revenue of $5.3 billion for fiscal 2014, the year ended 31 December 2014, up 14.0% on the year before. Net income was $530 million, down 0.4%, and diluted earnings per share $1.67. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2015.
Revenue
$5.3 billion
+14.0% on the year
FY2008FY2014
Operating margin
15.0%
15.1% a year earlier
FY2008FY2014
Net income
$530 million
-0.4% on the year
FY2008FY2014
Diluted EPS
$1.67
-1.8% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
5,272
4,625
5,031
+14.0%
Cost of revenue
2,373
1,963
1,517
+20.9%
Gross profit
2,900
2,662
3,520
+8.9%
Gross margin
55.0%
57.6%
70.0%
Operating income
789
698
1,040
+13.0%
Operating margin
15.0%
15.1%
20.7%
Interest expense
380
375
418
+1.1%
Income tax
167
109
215
+53.6%
Net income
530
532
416
-0.4%
Net margin
10.1%
11.5%
8.3%
Diluted EPS
$1.67
$1.70
$1.39
-1.8%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
1,320
1,437
1,276
-8.2%
Capital expenditure
1,282
1,205
1,499
+6.4%
Free cash flow
37.1
232
-223
-84.0%
Free cash flow margin
0.7%
5.0%
-4.4%
Cash from investing
-2,117
-1,891
-1,425
Cash from financing
796
445
174
+78.7%
Depreciation and amortisation
487
470
562
+3.5%
Share-based compensation
66.0
48.5
45.0
+36.1%
Buybacks
10.2
8.1
10.0
+25.9%
Dividends paid
321
306
273
+5.0%
Dividend per share
$1.02
$0.98
$0.94
+4.1%
Diluted shares, weighted
317m
314m
300m
+1.0%
Shares outstanding at period end
316m
314m
310m
+0.8%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
6,175
5,887
5,554
+4.9%
Non-controlling interest
0.0
n/a
n/a
Debt
9,995
8,834
8,103
+13.1%
Other liabilities
8,420
7,933
8,187
+6.1%
Total liabilities and equity
24,590
22,654
21,845
+8.5%
Fixed assets
11,057
14,365
12,916
-23.0%
Goodwill
1,691
3,666
3,677
-53.9%
Intangible assets
265
276
287
-4.0%
Cash and equivalents
24.9
26.5
35.6
-6.0%
Receivables
921
1,006
907
-8.5%
Other assets
10,631
3,315
4,022
+220.7%
Total assets
24,590
22,654
21,845
+8.5%
10-K for the year ended 31 December 2014, filed 18 February 2015: the filing.