NRG Energy (NRG) FY2011 results: revenue $9.1 billion, up 2.6% on the year
NRG Energy, Inc. (NRG) reported revenue of $9.1 billion for fiscal 2011, the year ended 31 December 2011, up 2.6% on the year before. Net income was $197 million, down 58.7%, and diluted earnings per share $0.78. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2012.
Revenue
$9.1 billion
+2.6% on the year
FY2007FY2011
Operating margin
7.0%
14.8% a year earlier
FY2007FY2011
Net income
$197 million
-58.7% on the year
FY2007FY2011
Diluted EPS
$0.78
-57.6% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
9,079
8,849
8,952
+2.6%
Cost of revenue
6,745
6,073
5,323
+11.1%
Gross profit
2,334
2,776
3,629
-15.9%
Gross margin
25.7%
31.4%
40.5%
Selling, general and administrative
586
598
550
-2.0%
Operating income
635
1,308
2,159
-51.5%
Operating margin
7.0%
14.8%
24.1%
Interest expense
665
630
634
+5.6%
Pre-tax income
-646
753
1,669
Income tax
-843
277
728
Effective tax rate
n/a
36.8%
43.6%
Net income
197
477
942
-58.7%
Net margin
2.2%
5.4%
10.5%
Diluted EPS
$0.78
$1.84
$3.44
-57.6%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
1,166
1,623
2,106
-28.2%
Capital expenditure
2,310
706
734
+227.2%
Free cash flow
-1,144
917
1,372
Free cash flow margin
-12.6%
10.4%
15.3%
Cash from investing
-3,047
-1,623
-954
Cash from financing
33.0
651
-343
-94.9%
Depreciation and amortisation
896
838
818
+6.9%
Share-based compensation
28.0
30.0
26.0
-6.7%
Buybacks
430
180
500
+138.9%
Dividend per share
$0.00
$0.00
n/a
Diluted shares, weighted
241m
254m
271m
-5.1%
Shares outstanding at period end
228m
247m
254m
-8.0%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
7,669
8,072
7,697
-5.0%
Redeemable equity
249
n/a
n/a
Debt
9,832
9,104
8,295
+8.0%
Other liabilities
9,150
9,720
7,386
-5.9%
Total liabilities and equity
26,900
26,896
23,378
+0.0%
Fixed assets
13,621
12,517
11,564
+8.8%
Goodwill
1,886
1,868
1,718
+1.0%
Intangible assets
1,419
1,776
1,777
-20.1%
Cash and equivalents
1,105
2,951
2,304
-62.6%
Receivables
834
734
876
+13.6%
Inventory
308
453
541
-32.0%
Other assets
7,727
6,597
4,598
+17.1%
Total assets
26,900
26,896
23,378
+0.0%
10-K for the year ended 31 December 2011, filed 28 February 2012: the filing.