Public Service Enterprise Group (PEG) FY2014 results: revenue $10.9 billion, up 9.2% on the year
Public Service Enterprise Group Inc. (PEG) reported revenue of $10.9 billion for fiscal 2014, the year ended 31 December 2014, up 9.2% on the year before. Net income was $1.5 billion, up 22.1%, and diluted earnings per share $2.99. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2015.
Revenue
$10.9 billion
+9.2% on the year
FY2007FY2014
Operating margin
24.1%
23.1% a year earlier
FY2007FY2014
Net income
$1.5 billion
+22.1% on the year
FY2007FY2014
Diluted EPS
$2.99
+22.0% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
10,886
9,968
9,781
+9.2%
Operating income
2,623
2,299
2,278
+14.1%
Operating margin
24.1%
23.1%
23.3%
Interest expense
389
402
423
-3.2%
Pre-tax income
2,456
2,055
n/a
+19.5%
Income tax
938
812
736
+15.5%
Effective tax rate
38.2%
39.5%
n/a
Net income
1,518
1,243
1,275
+22.1%
Net margin
13.9%
12.5%
13.0%
Diluted EPS
$2.99
$2.45
$2.51
+22.0%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
3,160
3,158
2,787
+0.1%
Capital expenditure
2,820
2,811
2,574
+0.3%
Free cash flow
340
347
213
-2.0%
Free cash flow margin
3.1%
3.5%
2.2%
Cash from investing
-2,892
-2,801
-2,625
Cash from financing
-359
-243
-617
Depreciation and amortisation
1,227
1,178
1,054
+4.2%
Share-based compensation
1.0
1.0
1.0
0.0%
Dividends paid
748
728
718
+2.7%
Dividend per share
$1.48
$1.44
$1.42
+2.8%
Diluted shares, weighted
508m
508m
507m
+0.1%
Shares outstanding at period end
506m
506m
506m
-0.0%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
12,185
11,608
10,780
+5.0%
Non-controlling interest
1.0
1.0
1.0
0.0%
Debt
9,098
8,643
7,939
+5.3%
Other liabilities
14,049
12,270
13,005
+14.5%
Total liabilities and equity
35,333
32,522
31,725
+8.6%
Goodwill
16.0
16.0
16.0
0.0%
Intangible assets
84.0
33.0
34.0
+154.5%
Investments
1,307
1,313
1,324
-0.5%
Cash and equivalents
402
493
379
-18.5%
Receivables
1,254
1,203
1,069
+4.2%
Other assets
32,270
29,464
28,903
+9.5%
Total assets
35,333
32,522
31,725
+8.6%
10-K for the year ended 31 December 2014, filed 26 February 2015: the filing.