Nisource (NI) FY2020 results: revenue $4.7 billion, down 10.1% on the year
Nisource Inc. (NI) reported revenue of $4.7 billion for fiscal 2020, the year ended 31 December 2020, down 10.1% on the year before. Net income was -$18 million, and diluted earnings per share $-0.19. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2021.
Revenue
$4.7 billion
-10.1% on the year
FY2013FY2020
Operating margin
11.8%
17.1% a year earlier
FY2013FY2020
Net income
-$18 million
FY2013FY2020
Diluted EPS
-$0.19
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
4,682
5,209
5,114
-10.1%
Cost of revenue
1,109
1,535
1,761
-27.7%
Gross profit
3,572
5,209
5,114
-31.4%
Gross margin
76.3%
100.0%
100.0%
Operating income
551
891
125
-38.2%
Operating margin
11.8%
17.1%
2.4%
Interest expense
371
379
353
-2.2%
Income tax
-17.1
124
-180
Net income
-17.6
383
-50.6
Net margin
-0.4%
7.4%
-1.0%
Diluted EPS
-$0.19
$0.87
-$0.18
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
1,104
1,583
540
-30.3%
Capital expenditure
1,758
1,802
1,818
-2.5%
Free cash flow
-654
-219
-1,278
Free cash flow margin
-14.0%
-4.2%
-25.0%
Cash from investing
-879
-1,922
-1,926
Cash from financing
-248
366
1,469
Depreciation and amortisation
726
717
600
+1.2%
Share-based compensation
17.4
25.9
28.6
-32.8%
Buybacks
0.0
0.0
4.0
Dividends paid
322
298
273
+7.7%
Dividend per share
$0.84
$0.80
$0.78
+5.0%
Diluted shares, weighted
384m
376m
356m
+2.2%
Shares outstanding at period end
392m
382m
372m
+2.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
5,752
5,987
5,751
-3.9%
Non-controlling interest
85.6
0.0
n/a
Debt
9,746
9,643
9,133
+1.1%
Operating lease liabilities
29.9
51.6
n/a
-42.1%
Finance lease liabilities
172
188
n/a
-8.7%
Other liabilities
6,255
6,791
6,920
-7.9%
Total liabilities and equity
22,040
22,660
21,804
-2.7%
Fixed assets
16,620
16,912
15,542
-1.7%
Goodwill
1,486
1,486
1,691
0.0%
Intangible assets
0.0
0.0
221
Investments
171
154
n/a
+10.8%
Securities held for sale or to maturity
n/a
n/a
138
Cash and equivalents
116
139
113
-16.4%
Receivables
791
857
1,058
-7.7%
Other assets
2,856
3,111
3,040
-8.2%
Total assets
22,040
22,660
21,804
-2.7%
10-K for the year ended 31 December 2020, filed 17 February 2021: the filing.