NRG Energy (NRG) FY2012 results: revenue $8.4 billion, down 7.2% on the year
NRG Energy, Inc. (NRG) reported revenue of $8.4 billion for fiscal 2012, the year ended 31 December 2012, down 7.2% on the year before. Net income was $295 million, up 49.7%, and diluted earnings per share $1.22. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2013.
Revenue
$8.4 billion
-7.2% on the year
FY2007FY2012
Operating margin
4.2%
7.0% a year earlier
FY2007FY2012
Net income
$295 million
+49.7% on the year
FY2007FY2012
Diluted EPS
$1.22
+56.4% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
8,422
9,079
8,849
-7.2%
Cost of revenue
6,140
6,745
6,073
-9.0%
Gross profit
2,282
2,334
2,776
-2.2%
Gross margin
27.1%
25.7%
31.4%
Research and development
68.0
n/a
n/a
Selling, general and administrative
807
586
598
+37.7%
Operating income
350
635
1,308
-44.9%
Operating margin
4.2%
7.0%
14.8%
Interest expense
661
665
630
-0.6%
Pre-tax income
-12.0
-646
753
Income tax
-327
-843
277
Effective tax rate
n/a
n/a
36.8%
Net income
295
197
477
+49.7%
Net margin
3.5%
2.2%
5.4%
Diluted EPS
$1.22
$0.78
$1.84
+56.4%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,149
1,166
1,623
-1.5%
Capital expenditure
3,396
2,310
706
+47.0%
Free cash flow
-2,247
-1,144
917
Free cash flow margin
-26.7%
-12.6%
10.4%
Cash from investing
-2,262
-3,047
-1,623
Cash from financing
2,099
33.0
651
+6,260.6%
Depreciation and amortisation
950
896
838
+6.0%
Share-based compensation
41.0
28.0
30.0
+46.4%
Buybacks
0.0
430
180
Dividend per share
$0.18
$0.00
$0.00
Diluted shares, weighted
234m
241m
254m
-2.9%
Shares outstanding at period end
323m
228m
247m
+41.8%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
10,269
7,669
8,072
+33.9%
Redeemable equity
249
249
n/a
0.0%
Debt
15,866
9,832
9,104
+61.4%
Other liabilities
8,599
9,150
9,720
-6.0%
Total liabilities and equity
34,983
26,900
26,896
+30.0%
Fixed assets
20,153
13,621
12,517
+48.0%
Goodwill
1,956
1,886
1,868
+3.7%
Intangible assets
1,210
1,419
1,776
-14.7%
Cash and equivalents
2,087
1,105
2,951
+88.9%
Receivables
1,061
834
734
+27.2%
Inventory
903
308
453
+193.2%
Other assets
7,613
7,727
6,597
-1.5%
Total assets
34,983
26,900
26,896
+30.0%
10-K for the year ended 31 December 2012, filed 27 February 2013: the filing.