NRG Energy (NRG) FY2015 results: revenue $12.3 billion, down 22.3% on the year
NRG Energy, Inc. (NRG) reported revenue of $12.3 billion for fiscal 2015, the year ended 31 December 2015, down 22.3% on the year before. Net income was -$6.4 billion, and diluted earnings per share $-19.46. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$12.3 billion
-22.3% on the year
FY2008FY2015
Operating margin
-32.9%
8.0% a year earlier
FY2008FY2015
Net income
-$6.4 billion
FY2008FY2015
Diluted EPS
-$19.46
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
12,328
15,868
11,295
-22.3%
Cost of revenue
9,000
11,808
8,121
-23.8%
Gross profit
3,328
4,060
3,174
-18.0%
Gross margin
27.0%
25.6%
28.1%
Research and development
154
88.0
84.0
+75.0%
Selling, general and administrative
1,228
1,016
895
+20.9%
Operating income
-4,051
1,271
343
Operating margin
-32.9%
8.0%
3.0%
Interest expense
937
1,119
848
-16.3%
Pre-tax income
-4,986
135
-634
Income tax
1,345
3.0
-282
+44,733.3%
Effective tax rate
n/a
2.2%
n/a
Net income
-6,382
134
-386
Net margin
-51.8%
0.8%
-3.4%
Diluted EPS
-$19.46
$0.23
-$1.22
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,349
1,510
1,270
-10.7%
Capital expenditure
1,029
909
1,987
+13.2%
Free cash flow
320
601
-717
-46.8%
Free cash flow margin
2.6%
3.8%
-6.3%
Cash from investing
-1,528
-2,903
-2,528
Cash from financing
-432
1,265
1,427
Depreciation and amortisation
1,351
1,523
1,256
-11.3%
Share-based compensation
39.0
42.0
38.0
-7.1%
Buybacks
437
39.0
25.0
+1,020.5%
Dividends paid
201
196
n/a
+2.6%
Dividend per share
$0.58
$0.54
$0.45
+7.4%
Diluted shares, weighted
329m
339m
323m
-2.9%
Shares outstanding at period end
314m
337m
324m
-6.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
5,434
11,676
10,469
-53.5%
Redeemable equity
302
291
249
+3.8%
Debt
19,620
20,366
16,804
-3.7%
Other liabilities
7,526
8,133
6,380
-7.5%
Total liabilities and equity
32,882
40,466
33,902
-18.7%
Fixed assets
18,732
22,367
19,851
-16.3%
Goodwill
999
2,574
1,985
-61.2%
Intangible assets
2,310
2,567
1,140
-10.0%
Cash and equivalents
853
2,116
2,254
-59.7%
Receivables
1,157
1,322
1,214
-12.5%
Inventory
1,252
1,247
898
+0.4%
Other assets
7,579
8,273
6,560
-8.4%
Total assets
32,882
40,466
33,902
-18.7%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.