Public Service Enterprise Group (PEG) FY2016 results: revenue $9.0 billion, down 13.9% on the year
Public Service Enterprise Group Inc. (PEG) reported revenue of $9.0 billion for fiscal 2016, the year ended 31 December 2016, down 13.9% on the year before. Net income was $887 million, down 47.2%, and diluted earnings per share $1.75. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2017.
Revenue
$9.0 billion
-13.9% on the year
FY2009FY2016
Operating margin
17.8%
28.4% a year earlier
FY2009FY2016
Net income
$887 million
-47.2% on the year
FY2009FY2016
Diluted EPS
$1.75
-47.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
8,966
10,415
10,886
-13.9%
Cost of revenue
2,901
n/a
n/a
Gross profit
6,065
n/a
n/a
Gross margin
67.6%
n/a
n/a
Operating income
1,598
2,962
2,623
-46.0%
Operating margin
17.8%
28.4%
24.1%
Interest expense
385
393
389
-2.0%
Pre-tax income
1,298
2,680
2,456
-51.6%
Income tax
411
1,001
938
-58.9%
Effective tax rate
31.7%
37.4%
38.2%
Net income
887
1,679
1,518
-47.2%
Net margin
9.9%
16.1%
13.9%
Diluted EPS
$1.75
$3.30
$2.99
-47.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
3,311
3,919
3,160
-15.5%
Capital expenditure
4,199
3,863
2,820
+8.7%
Free cash flow
-888
56.0
340
Free cash flow margin
-9.9%
0.5%
3.1%
Cash from investing
-4,248
-3,942
-2,892
Cash from financing
966
15.0
-359
+6,340.0%
Depreciation and amortisation
1,476
1,214
1,227
+21.6%
Share-based compensation
1.0
1.0
1.0
0.0%
Dividends paid
830
789
748
+5.2%
Dividend per share
$1.64
$1.56
$1.48
+5.1%
Diluted shares, weighted
508m
508m
508m
0.0%
Shares outstanding at period end
505m
505m
506m
-0.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
13,130
13,066
12,185
+0.5%
Non-controlling interest
0.0
1.0
1.0
Debt
11,783
9,932
9,098
+18.6%
Other liabilities
15,157
14,536
14,049
+4.3%
Total liabilities and equity
40,070
37,535
35,333
+6.8%
Goodwill
16.0
16.0
16.0
0.0%
Intangible assets
98.0
102
84.0
-3.9%
Investments
1,050
1,233
1,307
-14.8%
Cash and equivalents
423
394
402
+7.4%
Receivables
1,161
1,068
1,254
+8.7%
Other assets
37,322
34,722
32,270
+7.5%
Total assets
40,070
37,535
35,333
+6.8%
10-K for the year ended 31 December 2016, filed 27 February 2017: the filing.