Pg&E (PCG) FY2012 results: revenue $15.0 billion, up 0.6% on the year
Pg&E Corp. (PCG) reported revenue of $15.0 billion for fiscal 2012, the year ended 31 December 2012, up 0.6% on the year before. Net income was $816 million, down 3.3%, and diluted earnings per share $1.92. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2013.
Revenue
$15.0 billion
+0.6% on the year
FY2007FY2012
Operating margin
11.3%
13.0% a year earlier
FY2007FY2012
Net income
$816 million
-3.3% on the year
FY2007FY2012
Diluted EPS
$1.92
-8.6% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
15,040
14,956
13,841
+0.6%
Operating income
1,693
1,942
2,308
-12.8%
Operating margin
11.3%
13.0%
16.7%
Interest expense
703
700
684
+0.4%
Pre-tax income
1,067
1,298
1,660
-17.8%
Income tax
237
440
547
-46.1%
Effective tax rate
22.2%
33.9%
33.0%
Net income
816
844
1,099
-3.3%
Net margin
5.4%
5.6%
7.9%
Diluted EPS
$1.92
$2.10
$2.82
-8.6%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
4,882
3,739
3,206
+30.6%
Capital expenditure
4,624
4,038
3,802
+14.5%
Free cash flow
258
-299
-596
Free cash flow margin
1.7%
-2.0%
-4.3%
Cash from investing
-4,526
-3,986
-3,857
Cash from financing
-468
469
415
Share-based compensation
57.0
26.0
56.0
+119.2%
Dividends paid
746
704
662
+6.0%
Dividend per share
$1.82
$1.82
$1.82
0.0%
Diluted shares, weighted
425m
402m
392m
+5.7%
Shares outstanding at period end
431m
412m
395m
+4.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
13,074
12,101
11,282
+8.0%
Non-controlling interest
252
252
252
0.0%
Debt
13,409
13,886
12,972
-3.4%
Other liabilities
25,714
23,511
21,519
+9.4%
Total liabilities and equity
52,449
49,750
46,025
+5.4%
Fixed assets
37,523
33,655
31,449
+11.5%
Intangible assets
n/a
3.0
n/a
Securities held for sale or to maturity
1,052
1,057
n/a
-0.5%
Cash and equivalents
401
513
291
-21.8%
Receivables
937
992
944
-5.5%
Inventory
135
159
152
-15.1%
Other assets
12,401
13,371
13,189
-7.3%
Total assets
52,449
49,750
46,025
+5.4%
10-K for the year ended 31 December 2012, filed 21 February 2013: the filing.