Pg&E (PCG) FY2017 results: revenue $17.1 billion, down 3.0% on the year
Pg&E Corp. (PCG) reported revenue of $17.1 billion for fiscal 2017, the year ended 31 December 2017, down 3.0% on the year before. Net income was $1.6 billion, up 18.2%, and diluted earnings per share $3.21. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2018.
Revenue
$17.1 billion
-3.0% on the year
FY2010FY2017
Operating margin
17.0%
11.8% a year earlier
FY2010FY2017
Net income
$1.6 billion
+18.2% on the year
FY2010FY2017
Diluted EPS
$3.21
+15.5% on the year
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
17,135
17,666
16,833
-3.0%
Operating income
2,905
2,080
1,508
+39.7%
Operating margin
17.0%
11.8%
9.0%
Interest expense
888
829
773
+7.1%
Pre-tax income
2,171
1,462
861
+48.5%
Income tax
511
55.0
-27.0
+829.1%
Effective tax rate
23.5%
3.8%
-3.1%
Net income
1,646
1,393
874
+18.2%
Net margin
9.6%
7.9%
5.2%
Diluted EPS
$3.21
$2.78
$1.79
+15.5%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
5,977
4,409
3,780
+35.6%
Capital expenditure
5,641
5,709
5,173
-1.2%
Free cash flow
336
-1,300
-1,393
Free cash flow margin
2.0%
-7.4%
-8.3%
Cash from investing
-5,650
-5,753
-5,211
Cash from financing
-55.0
1,171
1,403
Share-based compensation
85.0
108
93.0
-21.3%
Dividends paid
1,021
921
856
+10.9%
Diluted shares, weighted
513m
501m
487m
+2.4%
Shares outstanding at period end
515m
507m
492m
+1.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
19,220
17,940
16,576
+7.1%
Non-controlling interest
252
252
252
0.0%
Debt
19,129
18,436
17,104
+3.8%
Other liabilities
29,411
31,970
29,407
-8.0%
Total liabilities and equity
68,012
68,598
63,339
-0.9%
Fixed assets
53,789
50,581
46,723
+6.3%
Securities held for sale or to maturity
3,303
1,192
1,215
+177.1%
Cash and equivalents
449
177
123
+153.7%
Receivables
1,243
1,252
1,106
-0.7%
Inventory
115
117
126
-1.7%
Other assets
9,113
15,279
14,046
-40.4%
Total assets
68,012
68,598
63,339
-0.9%
10-K for the year ended 31 December 2017, filed 9 February 2018: the filing.