Nisource (NI) FY2019 results: revenue $5.2 billion, up 1.8% on the year
Nisource Inc. (NI) reported revenue of $5.2 billion for fiscal 2019, the year ended 31 December 2019, up 1.8% on the year before. Net income was $383 million, and diluted earnings per share $0.87. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2020.
Revenue
$5.2 billion
+1.8% on the year
FY2012FY2019
Operating margin
17.1%
2.4% a year earlier
FY2012FY2019
Net income
$383 million
FY2012FY2019
Diluted EPS
$0.87
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
5,209
5,114
4,875
+1.8%
Cost of revenue
1,535
1,761
1,519
-12.9%
Gross profit
5,209
5,114
4,875
+1.8%
Gross margin
100.0%
100.0%
100.0%
Operating income
891
125
921
+614.3%
Operating margin
17.1%
2.4%
18.9%
Interest expense
379
353
353
+7.2%
Income tax
124
-180
314
Net income
383
-50.6
128
Net margin
7.4%
-1.0%
2.6%
Diluted EPS
$0.87
-$0.18
$0.39
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,583
540
742
+193.1%
Capital expenditure
1,802
1,818
1,696
-0.9%
Free cash flow
-219
-1,278
-954
Free cash flow margin
-4.2%
-25.0%
-19.6%
Cash from investing
-1,922
-1,926
-1,808
Cash from financing
366
1,469
1,069
-75.1%
Depreciation and amortisation
717
600
570
+19.6%
Share-based compensation
25.9
28.6
40.1
-9.4%
Buybacks
0.0
4.0
7.2
Dividends paid
298
273
229
+9.2%
Dividend per share
$0.80
$0.78
$0.70
+2.6%
Diluted shares, weighted
376m
356m
331m
+5.5%
Shares outstanding at period end
382m
372m
337m
+2.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
5,987
5,751
4,320
+4.1%
Non-controlling interest
0.0
n/a
n/a
Debt
9,643
9,133
9,002
+5.6%
Operating lease liabilities
51.6
n/a
n/a
Finance lease liabilities
188
n/a
n/a
Other liabilities
6,791
6,920
6,639
-1.9%
Total liabilities and equity
22,660
21,804
19,962
+3.9%
Fixed assets
16,912
15,542
14,360
+8.8%
Goodwill
1,486
1,691
1,691
-12.1%
Intangible assets
0.0
221
232
Investments
154
n/a
n/a
Securities held for sale or to maturity
n/a
138
134
Cash and equivalents
139
113
29.0
+23.5%
Receivables
857
1,058
899
-19.0%
Other assets
3,111
3,040
2,618
+2.3%
Total assets
22,660
21,804
19,962
+3.9%
10-K for the year ended 31 December 2019, filed 28 February 2020: the filing.