Pg&E (PCG) FY2015 results: revenue $16.8 billion, down 1.5% on the year
Pg&E Corp. (PCG) reported revenue of $16.8 billion for fiscal 2015, the year ended 31 December 2015, down 1.5% on the year before. Net income was $874 million, down 39.1%, and diluted earnings per share $1.79. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2016.
Revenue
$16.8 billion
-1.5% on the year
FY2008FY2015
Operating margin
9.0%
14.3% a year earlier
FY2008FY2015
Net income
$874 million
-39.1% on the year
FY2008FY2015
Diluted EPS
$1.79
-41.5% on the year
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
16,833
17,090
15,598
-1.5%
Operating income
1,508
2,450
1,762
-38.4%
Operating margin
9.0%
14.3%
11.3%
Interest expense
773
734
715
+5.3%
Pre-tax income
861
1,795
1,096
-52.0%
Income tax
-27.0
345
268
Effective tax rate
-3.1%
19.2%
24.5%
Net income
874
1,436
814
-39.1%
Net margin
5.2%
8.4%
5.2%
Diluted EPS
$1.79
$3.06
$1.83
-41.5%
$ 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
3,780
3,690
3,427
+2.4%
Capital expenditure
5,173
4,833
5,207
+7.0%
Free cash flow
-1,393
-1,143
-1,780
Free cash flow margin
-8.3%
-6.7%
-11.4%
Cash from investing
-5,211
-4,714
-5,107
Cash from financing
1,403
879
1,575
+59.6%
Share-based compensation
93.0
78.0
64.0
+19.2%
Dividends paid
856
828
782
+3.4%
Diluted shares, weighted
487m
470m
445m
+3.6%
Shares outstanding at period end
492m
476m
457m
+3.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
16,576
15,748
14,342
+5.3%
Non-controlling interest
252
252
252
0.0%
Debt
17,104
15,683
14,780
+9.1%
Other liabilities
29,407
28,444
26,231
+3.4%
Total liabilities and equity
63,339
60,127
55,605
+5.3%
Fixed assets
46,723
43,941
41,252
+6.3%
Securities held for sale or to maturity
1,215
1,130
1,103
+7.5%
Cash and equivalents
123
151
296
-18.5%
Receivables
1,106
960
1,091
+15.2%
Inventory
126
172
137
-26.7%
Other assets
14,046
13,773
11,726
+2.0%
Total assets
63,339
60,127
55,605
+5.3%
10-K for the year ended 31 December 2015, filed 18 February 2016: the filing.