Public Service Enterprise Group (PEG) FY2017 results: revenue $9.1 billion, up 1.3% on the year
Public Service Enterprise Group Inc. (PEG) reported revenue of $9.1 billion for fiscal 2017, the year ended 31 December 2017, up 1.3% on the year before. Net income was $1.6 billion, up 77.5%, and diluted earnings per share $3.10. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2018.
Revenue
$9.1 billion
+1.3% on the year
FY2010FY2017
Operating margin
15.7%
17.8% a year earlier
FY2010FY2017
Net income
$1.6 billion
+77.5% on the year
FY2010FY2017
Diluted EPS
$3.10
+77.1% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
9,084
8,966
10,415
+1.3%
Cost of revenue
2,778
2,901
n/a
-4.2%
Gross profit
6,306
6,065
n/a
+4.0%
Gross margin
69.4%
67.6%
n/a
Operating income
1,429
1,598
2,962
-10.6%
Operating margin
15.7%
17.8%
28.4%
Interest expense
391
385
393
+1.6%
Pre-tax income
1,268
1,298
2,680
-2.3%
Income tax
-306
411
1,001
Effective tax rate
-24.1%
31.7%
37.4%
Net income
1,574
887
1,679
+77.5%
Net margin
17.3%
9.9%
16.1%
Diluted EPS
$3.10
$1.75
$3.30
+77.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
3,261
3,311
3,919
-1.5%
Capital expenditure
4,190
4,199
3,863
-0.2%
Free cash flow
-929
-888
56.0
Free cash flow margin
-10.2%
-9.9%
0.5%
Cash from investing
-4,256
-4,248
-3,942
Cash from financing
885
966
15.0
-8.4%
Depreciation and amortisation
1,986
1,476
1,214
+34.6%
Share-based compensation
31.0
1.0
1.0
+3,000.0%
Dividends paid
870
830
789
+4.8%
Dividend per share
$1.72
$1.64
$1.56
+4.9%
Diluted shares, weighted
507m
508m
508m
-0.2%
Shares outstanding at period end
505m
505m
505m
+0.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
13,847
13,130
13,066
+5.5%
Non-controlling interest
n/a
0.0
1.0
Debt
13,068
11,783
9,932
+10.9%
Other liabilities
15,801
15,157
14,536
+4.2%
Total liabilities and equity
42,716
40,070
37,535
+6.6%
Goodwill
16.0
16.0
16.0
0.0%
Intangible assets
114
98.0
102
+16.3%
Investments
932
1,050
1,233
-11.2%
Cash and equivalents
313
423
394
-26.0%
Receivables
1,348
1,161
1,068
+16.1%
Other assets
39,993
37,322
34,722
+7.2%
Total assets
42,716
40,070
37,535
+6.6%
10-K for the year ended 31 December 2017, filed 26 February 2018: the filing.