Public Service Enterprise Group (PEG) FY2015 results: revenue $10.4 billion, down 4.3% on the year
Public Service Enterprise Group Inc. (PEG) reported revenue of $10.4 billion for fiscal 2015, the year ended 31 December 2015, down 4.3% on the year before. Net income was $1.7 billion, up 10.6%, and diluted earnings per share $3.30. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$10.4 billion
-4.3% on the year
FY2008FY2015
Operating margin
28.4%
24.1% a year earlier
FY2008FY2015
Net income
$1.7 billion
+10.6% on the year
FY2008FY2015
Diluted EPS
$3.30
+10.4% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
10,415
10,886
9,968
-4.3%
Operating income
2,962
2,623
2,299
+12.9%
Operating margin
28.4%
24.1%
23.1%
Interest expense
393
389
402
+1.0%
Pre-tax income
2,680
2,456
2,055
+9.1%
Income tax
1,001
938
812
+6.7%
Effective tax rate
37.4%
38.2%
39.5%
Net income
1,679
1,518
1,243
+10.6%
Net margin
16.1%
13.9%
12.5%
Diluted EPS
$3.30
$2.99
$2.45
+10.4%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
3,919
3,160
3,158
+24.0%
Capital expenditure
3,863
2,820
2,811
+37.0%
Free cash flow
56.0
340
347
-83.5%
Free cash flow margin
0.5%
3.1%
3.5%
Cash from investing
-3,942
-2,892
-2,801
Cash from financing
15.0
-359
-243
Depreciation and amortisation
1,214
1,227
1,178
-1.1%
Share-based compensation
1.0
1.0
1.0
0.0%
Dividends paid
789
748
728
+5.5%
Dividend per share
$1.56
$1.48
$1.44
+5.4%
Diluted shares, weighted
508m
508m
508m
0.0%
Shares outstanding at period end
505m
506m
506m
-0.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
13,066
12,185
11,608
+7.2%
Non-controlling interest
1.0
1.0
1.0
0.0%
Debt
9,932
9,098
8,643
+9.2%
Other liabilities
14,536
14,049
12,270
+3.5%
Total liabilities and equity
37,535
35,333
32,522
+6.2%
Goodwill
16.0
16.0
16.0
0.0%
Intangible assets
102
84.0
33.0
+21.4%
Investments
1,233
1,307
1,313
-5.7%
Cash and equivalents
394
402
493
-2.0%
Receivables
1,068
1,254
1,203
-14.8%
Other assets
34,722
32,270
29,464
+7.6%
Total assets
37,535
35,333
32,522
+6.2%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.