Public Service Enterprise Group (PEG) FY2013 results: revenue $10.0 billion, up 1.9% on the year
Public Service Enterprise Group Inc. (PEG) reported revenue of $10.0 billion for fiscal 2013, the year ended 31 December 2013, up 1.9% on the year before. Net income was $1.2 billion, down 2.5%, and diluted earnings per share $2.45. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2014.
Revenue
$10.0 billion
+1.9% on the year
FY2007FY2013
Operating margin
23.1%
23.3% a year earlier
FY2007FY2013
Net income
$1.2 billion
-2.5% on the year
FY2007FY2013
Diluted EPS
$2.45
-2.4% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
9,968
9,781
11,079
+1.9%
Operating income
2,299
2,278
2,742
+0.9%
Operating margin
23.1%
23.3%
24.7%
Interest expense
402
423
475
-5.0%
Pre-tax income
2,055
n/a
n/a
Income tax
812
736
977
+10.3%
Effective tax rate
39.5%
n/a
n/a
Net income
1,243
1,275
1,503
-2.5%
Net margin
12.5%
13.0%
13.6%
Diluted EPS
$2.45
$2.51
$2.96
-2.4%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
3,158
2,787
3,557
+13.3%
Capital expenditure
2,811
2,574
2,083
+9.2%
Free cash flow
347
213
1,474
+62.9%
Free cash flow margin
3.5%
2.2%
13.3%
Cash from investing
-2,801
-2,625
-1,269
Cash from financing
-243
-617
-1,734
Depreciation and amortisation
1,178
1,054
982
+11.8%
Share-based compensation
1.0
1.0
1.0
0.0%
Dividends paid
728
718
693
+1.4%
Dividend per share
$1.44
$1.42
$1.37
+1.4%
Diluted shares, weighted
508m
507m
507m
+0.1%
Shares outstanding at period end
506m
506m
506m
-0.0%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
11,608
10,780
10,270
+7.7%
Non-controlling interest
1.0
1.0
2.0
0.0%
Debt
8,643
7,939
8,094
+8.9%
Other liabilities
12,270
13,005
11,455
-5.7%
Total liabilities and equity
32,522
31,725
29,821
+2.5%
Goodwill
16.0
16.0
16.0
0.0%
Intangible assets
33.0
34.0
131
-2.9%
Investments
1,313
1,324
1,303
-0.8%
Cash and equivalents
493
379
834
+30.1%
Receivables
1,203
1,069
967
+12.5%
Other assets
29,464
28,903
26,570
+1.9%
Total assets
32,522
31,725
29,821
+2.5%
10-K for the year ended 31 December 2013, filed 26 February 2014: the filing.