Nisource (NI) FY2016 results: revenue $4.5 billion, down 3.4% on the year
Nisource Inc. (NI) reported revenue of $4.5 billion for fiscal 2016, the year ended 31 December 2016, down 3.4% on the year before. Net income was $332 million, up 15.7%, and diluted earnings per share $1.02. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2019.
Revenue
$4.5 billion
-3.4% on the year
FY2009FY2016
Operating margin
19.3%
17.2% a year earlier
FY2009FY2016
Net income
$332 million
+15.7% on the year
FY2009FY2016
Diluted EPS
$1.02
+13.3% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
4,492
4,652
5,272
-3.4%
Cost of revenue
1,390
1,644
2,373
-15.4%
Gross profit
4,492
4,652
2,900
-3.4%
Gross margin
100.0%
100.0%
55.0%
Operating income
866
800
789
+8.3%
Operating margin
19.3%
17.2%
15.0%
Interest expense
350
380
380
-8.1%
Income tax
182
141
167
+28.9%
Net income
332
286
530
+15.7%
Net margin
7.4%
6.2%
10.1%
Diluted EPS
$1.02
$0.90
$1.67
+13.3%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
803
1,457
1,320
-44.9%
Capital expenditure
1,475
1,361
1,282
+8.4%
Free cash flow
-672
96.1
37.1
Free cash flow margin
-15.0%
2.1%
0.7%
Cash from investing
-1,603
1,950
-2,117
Cash from financing
790
-3,412
796
Depreciation and amortisation
547
524
487
+4.3%
Share-based compensation
46.5
50.7
66.0
-8.3%
Buybacks
9.4
20.4
10.2
-53.9%
Dividends paid
206
263
321
-22.0%
Dividend per share
$0.64
$0.83
$1.02
-22.9%
Diluted shares, weighted
324m
320m
317m
+1.2%
Shares outstanding at period end
323m
319m
316m
+1.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
4,071
3,844
6,175
+5.9%
Non-controlling interest
n/a
n/a
0.0
Debt
7,909
6,950
9,995
+13.8%
Other liabilities
6,711
6,699
8,420
+0.2%
Total liabilities and equity
18,692
17,492
24,590
+6.9%
Fixed assets
13,068
12,112
11,057
+7.9%
Goodwill
1,691
1,691
1,691
0.0%
Intangible assets
243
254
265
-4.3%
Cash and equivalents
26.4
15.5
24.9
+70.3%
Receivables
847
660
921
+28.3%
Other assets
2,817
2,761
10,631
+2.0%
Total assets
18,692
17,492
24,590
+6.9%
10-K for the year ended 31 December 2016, filed 20 February 2019: the filing.