Public Service Enterprise Group (PEG) FY2011 results: revenue $11.1 billion, down 6.1% on the year
Public Service Enterprise Group Inc. (PEG) reported revenue of $11.1 billion for fiscal 2011, the year ended 31 December 2011, down 6.1% on the year before. Net income was $1.5 billion, down 3.9%, and diluted earnings per share $2.96. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2012.
Revenue
$11.1 billion
-6.1% on the year
FY2007FY2011
Operating margin
24.7%
24.9% a year earlier
FY2007FY2011
Net income
$1.5 billion
-3.9% on the year
FY2007FY2011
Diluted EPS
$2.96
-3.9% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
11,079
11,793
12,035
-6.1%
Operating income
2,742
2,937
3,116
-6.6%
Operating margin
24.7%
24.9%
25.9%
Interest expense
475
472
521
+0.6%
Income tax
977
1,059
1,042
-7.7%
Net income
1,503
1,564
1,592
-3.9%
Net margin
13.6%
13.3%
13.2%
Diluted EPS
$2.96
$3.08
$3.14
-3.9%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
3,557
2,164
1,855
+64.4%
Capital expenditure
2,083
2,160
1,794
-3.6%
Free cash flow
1,474
4.0
61.0
+36,750.0%
Free cash flow margin
13.3%
0.0%
0.5%
Cash from investing
-1,269
-1,669
-792
Cash from financing
-1,734
-565
-1,034
Depreciation and amortisation
982
974
838
+0.8%
Share-based compensation
1.0
1.0
1.0
0.0%
Buybacks
n/a
0.0
0.0
Dividends paid
693
693
673
0.0%
Dividend per share
$1.37
$1.37
$1.33
0.0%
Diluted shares, weighted
507m
507m
507m
-0.0%
Shares outstanding at period end
506m
506m
506m
-0.0%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
10,270
9,633
8,788
+6.6%
Non-controlling interest
2.0
8.0
10.0
-75.0%
Debt
8,094
8,940
8,166
-9.5%
Other liabilities
11,455
11,328
11,766
+1.1%
Total liabilities and equity
29,821
29,909
28,730
-0.3%
Fixed assets
n/a
n/a
15,440
Goodwill
16.0
16.0
16.0
0.0%
Intangible assets
131
136
123
-3.7%
Investments
1,303
1,783
2,181
-26.9%
Cash and equivalents
834
280
350
+197.9%
Receivables
967
1,387
1,224
-30.3%
Other assets
26,570
26,307
9,396
+1.0%
Total assets
29,821
29,909
28,730
-0.3%
10-K for the year ended 31 December 2011, filed 27 February 2012: the filing.