NRG Energy (NRG) FY2013 results: revenue $11.3 billion, up 34.1% on the year
NRG Energy, Inc. (NRG) reported revenue of $11.3 billion for fiscal 2013, the year ended 31 December 2013, up 34.1% on the year before. Net income was -$386 million, and diluted earnings per share $-1.22. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$11.3 billion
+34.1% on the year
FY2007FY2013
Operating margin
3.0%
4.2% a year earlier
FY2007FY2013
Net income
-$386 million
FY2007FY2013
Diluted EPS
-$1.22
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
11,295
8,422
9,079
+34.1%
Cost of revenue
8,121
6,140
6,745
+32.3%
Gross profit
3,174
2,282
2,334
+39.1%
Gross margin
28.1%
27.1%
25.7%
Research and development
84.0
68.0
n/a
+23.5%
Selling, general and administrative
895
807
586
+10.9%
Operating income
343
350
635
-2.0%
Operating margin
3.0%
4.2%
7.0%
Interest expense
848
661
665
+28.3%
Pre-tax income
-634
-12.0
-646
Income tax
-282
-327
-843
Net income
-386
295
197
Net margin
-3.4%
3.5%
2.2%
Diluted EPS
-$1.22
$1.22
$0.78
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
1,270
1,149
1,166
+10.5%
Capital expenditure
1,987
3,396
2,310
-41.5%
Free cash flow
-717
-2,247
-1,144
Free cash flow margin
-6.3%
-26.7%
-12.6%
Cash from investing
-2,528
-2,262
-3,047
Cash from financing
1,427
2,099
33.0
-32.0%
Depreciation and amortisation
1,256
950
896
+32.2%
Share-based compensation
38.0
41.0
28.0
-7.3%
Buybacks
25.0
0.0
430
Dividend per share
$0.45
$0.18
$0.00
+150.0%
Diluted shares, weighted
323m
234m
241m
+38.0%
Shares outstanding at period end
324m
323m
228m
+0.4%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
10,469
10,269
7,669
+1.9%
Redeemable equity
249
249
249
0.0%
Debt
16,804
15,866
9,832
+5.9%
Other liabilities
6,380
8,599
9,150
-25.8%
Total liabilities and equity
33,902
34,983
26,900
-3.1%
Fixed assets
19,851
20,153
13,621
-1.5%
Goodwill
1,985
1,956
1,886
+1.5%
Intangible assets
1,140
1,210
1,419
-5.8%
Cash and equivalents
2,254
2,087
1,105
+8.0%
Receivables
1,214
1,061
834
+14.4%
Inventory
898
903
308
-0.6%
Other assets
6,560
7,613
7,727
-13.8%
Total assets
33,902
34,983
26,900
-3.1%
10-K for the year ended 31 December 2013, filed 28 February 2014: the filing.