Pg&E (PCG) FY2016 results: revenue $17.7 billion, up 4.9% on the year
Pg&E Corp. (PCG) reported revenue of $17.7 billion for fiscal 2016, the year ended 31 December 2016, up 4.9% on the year before. Net income was $1.4 billion, up 59.4%, and diluted earnings per share $2.78. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2017.
Revenue
$17.7 billion
+4.9% on the year
FY2009FY2016
Operating margin
11.8%
9.0% a year earlier
FY2009FY2016
Net income
$1.4 billion
+59.4% on the year
FY2009FY2016
Diluted EPS
$2.78
+55.3% on the year
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
17,666
16,833
17,090
+4.9%
Operating income
2,080
1,508
2,450
+37.9%
Operating margin
11.8%
9.0%
14.3%
Interest expense
829
773
734
+7.2%
Pre-tax income
1,462
861
1,795
+69.8%
Income tax
55.0
-27.0
345
Effective tax rate
3.8%
-3.1%
19.2%
Net income
1,393
874
1,436
+59.4%
Net margin
7.9%
5.2%
8.4%
Diluted EPS
$2.78
$1.79
$3.06
+55.3%
$ 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
4,409
3,780
3,690
+16.6%
Capital expenditure
5,709
5,173
4,833
+10.4%
Free cash flow
-1,300
-1,393
-1,143
Free cash flow margin
-7.4%
-8.3%
-6.7%
Cash from investing
-5,753
-5,211
-4,714
Cash from financing
1,171
1,403
879
-16.5%
Share-based compensation
108
93.0
78.0
+16.1%
Dividends paid
921
856
828
+7.6%
Diluted shares, weighted
501m
487m
470m
+2.9%
Shares outstanding at period end
507m
492m
476m
+3.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
17,940
16,576
15,748
+8.2%
Non-controlling interest
252
252
252
0.0%
Debt
18,436
17,104
15,683
+7.8%
Other liabilities
31,970
29,407
28,444
+8.7%
Total liabilities and equity
68,598
63,339
60,127
+8.3%
Fixed assets
50,581
46,723
43,941
+8.3%
Securities held for sale or to maturity
1,192
1,215
1,130
-1.9%
Cash and equivalents
177
123
151
+43.9%
Receivables
1,252
1,106
960
+13.2%
Inventory
117
126
172
-7.1%
Other assets
15,279
14,046
13,773
+8.8%
Total assets
68,598
63,339
60,127
+8.3%
10-K for the year ended 31 December 2016, filed 16 February 2017: the filing.