NRG Energy (NRG) FY2018 results: revenue $9.5 billion, up 4.5% on the year
NRG Energy, Inc. (NRG) reported revenue of $9.5 billion for fiscal 2018, the year ended 31 December 2018, up 4.5% on the year before. Net income was $268 million, and diluted earnings per share $0.87. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$9.5 billion
+4.5% on the year
FY2011FY2018
Operating margin
10.4%
-8.2% a year earlier
FY2011FY2018
Net income
$268 million
FY2011FY2018
Diluted EPS
$0.87
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
9,478
9,074
8,915
+4.5%
Cost of revenue
7,108
6,886
6,676
+3.2%
Gross profit
2,370
2,188
2,239
+8.3%
Gross margin
25.0%
24.1%
25.1%
Research and development
11.0
22.0
48.0
-50.0%
Selling, general and administrative
799
836
1,032
-4.4%
Operating income
982
-741
33.0
Operating margin
10.4%
-8.2%
0.4%
Interest expense
483
557
583
-13.3%
Pre-tax income
467
-1,389
-931
Income tax
7.0
-44.0
25.0
Effective tax rate
1.5%
n/a
n/a
Net income
268
-2,153
-774
Net margin
2.8%
-23.7%
-8.7%
Diluted EPS
$0.87
-$6.79
-$2.22
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,377
1,610
1,908
-14.5%
Capital expenditure
388
254
544
+52.8%
Free cash flow
989
1,356
1,364
-27.1%
Free cash flow margin
10.4%
14.9%
15.3%
Cash from investing
-205
-639
-757
Cash from financing
-1,526
-1,138
-768
Depreciation and amortisation
421
596
756
-29.4%
Share-based compensation
25.0
35.0
10.0
-28.6%
Buybacks
1,250
0.0
0.0
Dividends paid
37.0
38.0
76.0
-2.6%
Dividend per share
$0.12
$0.12
$0.24
0.0%
Diluted shares, weighted
308m
317m
316m
-2.8%
Shares outstanding at period end
284m
317m
315m
-10.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
-1,234
1,968
4,446
Redeemable equity
0.0
0.0
0.0
Debt
6,691
9,494
16,704
-29.5%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
5,171
11,856
9,532
-56.4%
Total liabilities and equity
10,628
23,318
30,682
-54.4%
Fixed assets
3,048
5,974
15,369
-49.0%
Goodwill
573
539
662
+6.3%
Intangible assets
591
507
1,973
+16.6%
Securities held for sale or to maturity
39.0
n/a
n/a
Cash and equivalents
563
770
591
-26.9%
Receivables
1,024
900
1,058
+13.8%
Inventory
412
453
721
-9.1%
Other assets
4,378
14,175
10,308
-69.1%
Total assets
10,628
23,318
30,682
-54.4%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.