Nisource (NI) FY2017 results: revenue $4.9 billion, up 8.5% on the year
Nisource Inc. (NI) reported revenue of $4.9 billion for fiscal 2017, the year ended 31 December 2017, up 8.5% on the year before. Net income was $128 million, down 61.2%, and diluted earnings per share $0.39. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2019.
Revenue
$4.9 billion
+8.5% on the year
FY2010FY2017
Operating margin
18.9%
19.3% a year earlier
FY2010FY2017
Net income
$128 million
-61.2% on the year
FY2010FY2017
Diluted EPS
$0.39
-61.8% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
4,875
4,492
4,652
+8.5%
Cost of revenue
1,519
1,390
1,644
+9.2%
Gross profit
4,875
4,492
4,652
+8.5%
Gross margin
100.0%
100.0%
100.0%
Operating income
921
866
800
+6.4%
Operating margin
18.9%
19.3%
17.2%
Interest expense
353
350
380
+1.1%
Income tax
314
182
141
+72.7%
Net income
128
332
286
-61.2%
Net margin
2.6%
7.4%
6.2%
Diluted EPS
$0.39
$1.02
$0.90
-61.8%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
742
803
1,457
-7.6%
Capital expenditure
1,696
1,475
1,361
+15.0%
Free cash flow
-954
-672
96.1
Free cash flow margin
-19.6%
-15.0%
2.1%
Cash from investing
-1,808
-1,603
1,950
Cash from financing
1,069
790
-3,412
+35.2%
Depreciation and amortisation
570
547
524
+4.2%
Share-based compensation
40.1
46.5
50.7
-13.8%
Buybacks
7.2
9.4
20.4
-23.4%
Dividends paid
229
206
263
+11.5%
Dividend per share
$0.70
$0.64
$0.83
+9.4%
Diluted shares, weighted
331m
324m
320m
+2.2%
Shares outstanding at period end
337m
323m
319m
+4.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
4,320
4,071
3,844
+6.1%
Debt
9,002
7,909
6,950
+13.8%
Other liabilities
6,639
6,711
6,699
-1.1%
Total liabilities and equity
19,962
18,692
17,492
+6.8%
Fixed assets
14,360
13,068
12,112
+9.9%
Goodwill
1,691
1,691
1,691
0.0%
Intangible assets
232
243
254
-4.5%
Securities held for sale or to maturity
134
n/a
n/a
Cash and equivalents
29.0
26.4
15.5
+9.8%
Receivables
899
847
660
+6.1%
Other assets
2,618
2,817
2,761
-7.1%
Total assets
19,962
18,692
17,492
+6.8%
10-K for the year ended 31 December 2017, filed 20 February 2019: the filing.