NRG Energy (NRG) FY2016 results: revenue $8.9 billion, down 27.7% on the year
NRG Energy, Inc. (NRG) reported revenue of $8.9 billion for fiscal 2016, the year ended 31 December 2016, down 27.7% on the year before. Net income was -$774 million, and diluted earnings per share $-2.22. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.
Revenue
$8.9 billion
-27.7% on the year
FY2009FY2016
Operating margin
0.4%
-32.9% a year earlier
FY2009FY2016
Net income
-$774 million
FY2009FY2016
Diluted EPS
-$2.22
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
8,915
12,328
15,868
-27.7%
Cost of revenue
6,676
9,000
11,808
-25.8%
Gross profit
2,239
3,328
4,060
-32.7%
Gross margin
25.1%
27.0%
25.6%
Research and development
48.0
154
88.0
-68.8%
Selling, general and administrative
1,032
1,228
1,016
-16.0%
Operating income
33.0
-4,051
1,271
Operating margin
0.4%
-32.9%
8.0%
Interest expense
583
937
1,119
-37.8%
Pre-tax income
-931
-4,986
135
Income tax
25.0
1,345
3.0
-98.1%
Effective tax rate
n/a
n/a
2.2%
Net income
-774
-6,382
134
Net margin
-8.7%
-51.8%
0.8%
Diluted EPS
-$2.22
-$19.46
$0.23
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,908
1,349
1,510
+41.4%
Capital expenditure
544
1,029
909
-47.1%
Free cash flow
1,364
320
601
+326.2%
Free cash flow margin
15.3%
2.6%
3.8%
Cash from investing
-757
-1,528
-2,903
Cash from financing
-768
-432
1,265
Depreciation and amortisation
756
1,351
1,523
-44.0%
Share-based compensation
10.0
39.0
42.0
-74.4%
Buybacks
0.0
437
39.0
Dividends paid
76.0
201
196
-62.2%
Dividend per share
$0.24
$0.58
$0.54
-58.6%
Diluted shares, weighted
316m
329m
339m
-4.0%
Shares outstanding at period end
315m
314m
337m
+0.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
4,446
5,434
11,676
-18.2%
Redeemable equity
0.0
302
291
Debt
16,704
19,620
20,366
-14.9%
Other liabilities
9,532
7,526
8,133
+26.7%
Total liabilities and equity
30,682
32,882
40,466
-6.7%
Fixed assets
15,369
18,732
22,367
-18.0%
Goodwill
662
999
2,574
-33.7%
Intangible assets
1,973
2,310
2,567
-14.6%
Cash and equivalents
591
853
2,116
-30.7%
Receivables
1,058
1,157
1,322
-8.6%
Inventory
721
1,252
1,247
-42.4%
Other assets
10,308
7,579
8,273
+36.0%
Total assets
30,682
32,882
40,466
-6.7%
10-K for the year ended 31 December 2016, filed 28 February 2017: the filing.