Public Service Enterprise Group (PEG) FY2012 results: revenue $9.8 billion, down 11.7% on the year
Public Service Enterprise Group Inc. (PEG) reported revenue of $9.8 billion for fiscal 2012, the year ended 31 December 2012, down 11.7% on the year before. Net income was $1.3 billion, down 15.2%, and diluted earnings per share $2.51. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2013.
Revenue
$9.8 billion
-11.7% on the year
FY2007FY2012
Operating margin
23.3%
24.7% a year earlier
FY2007FY2012
Net income
$1.3 billion
-15.2% on the year
FY2007FY2012
Diluted EPS
$2.51
-15.2% 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
9,781
11,079
11,793
-11.7%
Operating income
2,278
2,742
2,937
-16.9%
Operating margin
23.3%
24.7%
24.9%
Interest expense
423
475
472
-10.9%
Income tax
736
977
1,059
-24.7%
Net income
1,275
1,503
1,564
-15.2%
Net margin
13.0%
13.6%
13.3%
Diluted EPS
$2.51
$2.96
$3.08
-15.2%
$ 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
2,787
3,557
2,164
-21.6%
Capital expenditure
2,574
2,083
2,160
+23.6%
Free cash flow
213
1,474
4.0
-85.5%
Free cash flow margin
2.2%
13.3%
0.0%
Cash from investing
-2,625
-1,269
-1,669
Cash from financing
-617
-1,734
-565
Depreciation and amortisation
1,054
982
974
+7.3%
Share-based compensation
1.0
1.0
1.0
0.0%
Buybacks
n/a
n/a
0.0
Dividends paid
718
693
693
+3.6%
Dividend per share
$1.42
$1.37
$1.37
+3.6%
Diluted shares, weighted
507m
507m
507m
+0.0%
Shares outstanding at period end
506m
506m
506m
-0.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
10,780
10,270
9,633
+5.0%
Non-controlling interest
1.0
2.0
8.0
-50.0%
Debt
7,939
8,094
8,940
-1.9%
Other liabilities
13,005
11,455
11,328
+13.5%
Total liabilities and equity
31,725
29,821
29,909
+6.4%
Goodwill
16.0
16.0
16.0
0.0%
Intangible assets
34.0
131
136
-74.0%
Investments
1,324
1,303
1,783
+1.6%
Cash and equivalents
379
834
280
-54.6%
Receivables
1,069
967
1,387
+10.5%
Other assets
28,903
26,570
26,307
+8.8%
Total assets
31,725
29,821
29,909
+6.4%
10-K for the year ended 31 December 2012, filed 26 February 2013: the filing.