NRG Energy (NRG) FY2017 results: revenue $9.1 billion, up 1.8% on the year
NRG Energy, Inc. (NRG) reported revenue of $9.1 billion for fiscal 2017, the year ended 31 December 2017, up 1.8% on the year before. Net income was -$2.2 billion, and diluted earnings per share $-6.79. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2018.
Revenue
$9.1 billion
+1.8% on the year
FY2010FY2017
Operating margin
-8.2%
0.4% a year earlier
FY2010FY2017
Net income
-$2.2 billion
FY2010FY2017
Diluted EPS
-$6.79
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
9,074
8,915
12,328
+1.8%
Cost of revenue
6,886
6,676
9,000
+3.1%
Gross profit
2,188
2,239
3,328
-2.3%
Gross margin
24.1%
25.1%
27.0%
Research and development
22.0
48.0
154
-54.2%
Selling, general and administrative
836
1,032
1,228
-19.0%
Operating income
-741
33.0
-4,051
Operating margin
-8.2%
0.4%
-32.9%
Interest expense
557
583
937
-4.5%
Pre-tax income
-1,389
-931
-4,986
Income tax
-44.0
25.0
1,345
Net income
-2,153
-774
-6,382
Net margin
-23.7%
-8.7%
-51.8%
Diluted EPS
-$6.79
-$2.22
-$19.46
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,610
1,908
1,349
-15.6%
Capital expenditure
254
544
1,029
-53.3%
Free cash flow
1,356
1,364
320
-0.6%
Free cash flow margin
14.9%
15.3%
2.6%
Cash from investing
-639
-757
-1,528
Cash from financing
-1,138
-768
-432
Depreciation and amortisation
596
756
1,351
-21.2%
Share-based compensation
35.0
10.0
39.0
+250.0%
Buybacks
0.0
0.0
437
Dividends paid
38.0
76.0
201
-50.0%
Dividend per share
$0.12
$0.24
$0.58
-50.0%
Diluted shares, weighted
317m
316m
329m
+0.3%
Shares outstanding at period end
317m
315m
314m
+0.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,968
4,446
5,434
-55.7%
Redeemable equity
0.0
0.0
302
Debt
9,494
16,704
19,620
-43.2%
Other liabilities
11,856
9,532
7,526
+24.4%
Total liabilities and equity
23,318
30,682
32,882
-24.0%
Fixed assets
5,974
15,369
18,732
-61.1%
Goodwill
539
662
999
-18.6%
Intangible assets
507
1,973
2,310
-74.3%
Cash and equivalents
770
591
853
+30.3%
Receivables
900
1,058
1,157
-14.9%
Inventory
453
721
1,252
-37.2%
Other assets
14,175
10,308
7,579
+37.5%
Total assets
23,318
30,682
32,882
-24.0%
10-K for the year ended 31 December 2017, filed 1 March 2018: the filing.