PPL (PPL) FY2011 results: revenue $12.7 billion, up 49.5% on the year
PPL Corp. (PPL) reported revenue of $12.7 billion for fiscal 2011, the year ended 31 December 2011, up 49.5% on the year before. Net income was $1.5 billion, up 59.4%, and diluted earnings per share $2.70. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2012.
Revenue
$12.7 billion
+49.5% on the year
FY2007FY2011
Operating margin
24.3%
21.9% a year earlier
FY2007FY2011
Net income
$1.5 billion
+59.4% on the year
FY2007FY2011
Diluted EPS
$2.70
+24.4% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
12,737
8,521
7,449
+49.5%
Operating income
3,101
1,866
896
+66.2%
Operating margin
24.3%
21.9%
12.0%
Interest expense
898
593
387
+51.4%
Pre-tax income
2,201
1,239
538
+77.6%
Income tax
691
263
105
+162.7%
Effective tax rate
31.4%
21.2%
19.5%
Net income
1,495
938
407
+59.4%
Net margin
11.7%
11.0%
5.5%
Diluted EPS
$2.70
$2.17
$1.08
+24.4%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
2,507
2,033
1,852
+23.3%
Capital expenditure
2,487
1,597
1,225
+55.7%
Free cash flow
20.0
436
627
-95.4%
Free cash flow margin
0.2%
5.1%
8.4%
Cash from investing
-7,952
-8,229
-880
Cash from financing
5,767
6,307
-1,271
-8.6%
Share-based compensation
33.0
26.0
n/a
+26.9%
Buybacks
n/a
n/a
0.0
Dividends paid
746
566
517
+31.8%
Dividend per share
$1.40
$1.40
$1.38
0.0%
Diluted shares, weighted
551m
432m
376m
+27.7%
Shares outstanding at period end
578m
483m
377m
+19.7%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
10,828
8,210
5,496
+31.9%
Non-controlling interest
268
268
319
0.0%
Short-term borrowings
578
694
639
-16.7%
Debt
17,993
12,663
7,143
+42.1%
Other liabilities
12,981
11,002
8,568
+18.0%
Total liabilities and equity
42,648
32,837
22,165
+29.9%
Fixed assets
27,266
20,858
13,174
+30.7%
Goodwill
4,114
1,761
806
+133.6%
Intangible assets
1,065
966
615
+10.2%
Investments
734
856
613
-14.3%
Cash and equivalents
1,202
925
801
+29.9%
Receivables
732
652
409
+12.3%
Inventory
654
643
357
+1.7%
Other assets
6,881
6,176
5,390
+11.4%
Total assets
42,648
32,837
22,165
+29.9%
10-K for the year ended 31 December 2011, filed 28 February 2012: the filing.