Nisource (NI) FY2018 results: revenue $5.1 billion, up 4.9% on the year
Nisource Inc. (NI) reported revenue of $5.1 billion for fiscal 2018, the year ended 31 December 2018, up 4.9% on the year before. Net income was -$51 million, and diluted earnings per share $-0.18. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2019.
Revenue
$5.1 billion
+4.9% on the year
FY2011FY2018
Operating margin
2.4%
18.9% a year earlier
FY2011FY2018
Net income
-$51 million
FY2011FY2018
Diluted EPS
-$0.18
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
5,114
4,875
4,492
+4.9%
Cost of revenue
1,761
1,519
1,390
+16.0%
Gross profit
5,114
4,875
4,492
+4.9%
Gross margin
100.0%
100.0%
100.0%
Operating income
125
921
866
-86.5%
Operating margin
2.4%
18.9%
19.3%
Interest expense
353
353
350
+0.0%
Income tax
-180
314
182
Net income
-50.6
128
332
Net margin
-1.0%
2.6%
7.4%
Diluted EPS
-$0.18
$0.39
$1.02
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
540
742
803
-27.2%
Capital expenditure
1,818
1,696
1,475
+7.2%
Free cash flow
-1,278
-954
-672
Free cash flow margin
-25.0%
-19.6%
-15.0%
Cash from investing
-1,926
-1,808
-1,603
Cash from financing
1,469
1,069
790
+37.4%
Depreciation and amortisation
600
570
547
+5.1%
Share-based compensation
28.6
40.1
46.5
-28.7%
Buybacks
4.0
7.2
9.4
-44.4%
Dividends paid
273
229
206
+19.3%
Dividend per share
$0.78
$0.70
$0.64
+11.4%
Diluted shares, weighted
356m
331m
324m
+7.8%
Shares outstanding at period end
372m
337m
323m
+10.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
5,751
4,320
4,071
+33.1%
Debt
9,133
9,002
7,909
+1.4%
Other liabilities
6,920
6,639
6,711
+4.2%
Total liabilities and equity
21,804
19,962
18,692
+9.2%
Fixed assets
15,542
14,360
13,068
+8.2%
Goodwill
1,691
1,691
1,691
0.0%
Intangible assets
221
232
243
-4.7%
Securities held for sale or to maturity
138
134
n/a
+3.3%
Cash and equivalents
113
29.0
26.4
+289.0%
Receivables
1,058
899
847
+17.8%
Other assets
3,040
2,618
2,817
+16.1%
Total assets
21,804
19,962
18,692
+9.2%
10-K for the year ended 31 December 2018, filed 20 February 2019: the filing.