PPL (PPL) FY2012 results: revenue $12.1 billion, down 4.7% on the year
PPL Corp. (PPL) reported revenue of $12.1 billion for fiscal 2012, the year ended 31 December 2012, down 4.7% on the year before. Net income was $1.5 billion, up 2.1%, and diluted earnings per share $2.60. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$12.1 billion
-4.7% on the year
FY2007FY2012
Operating margin
24.9%
24.3% a year earlier
FY2007FY2012
Net income
$1.5 billion
+2.1% on the year
FY2007FY2012
Diluted EPS
$2.60
-3.7% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
12,132
12,737
8,521
-4.7%
Operating income
3,026
3,101
1,866
-2.4%
Operating margin
24.9%
24.3%
21.9%
Interest expense
951
898
593
+5.9%
Pre-tax income
2,009
2,201
1,239
-8.7%
Income tax
518
691
263
-25.0%
Effective tax rate
25.8%
31.4%
21.2%
Net income
1,526
1,495
938
+2.1%
Net margin
12.6%
11.7%
11.0%
Diluted EPS
$2.60
$2.70
$2.17
-3.7%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
2,764
2,507
2,033
+10.3%
Capital expenditure
3,105
2,487
1,597
+24.8%
Free cash flow
-341
20.0
436
Free cash flow margin
-2.8%
0.2%
5.1%
Cash from investing
-3,123
-7,952
-8,229
Cash from financing
48.0
5,767
6,307
-99.2%
Share-based compensation
49.0
33.0
26.0
+48.5%
Buybacks
0.0
n/a
n/a
Dividends paid
833
746
566
+11.7%
Dividend per share
$1.44
$1.40
$1.40
+2.9%
Diluted shares, weighted
582m
551m
432m
+5.6%
Shares outstanding at period end
582m
578m
483m
+0.6%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
10,480
10,828
8,210
-3.2%
Non-controlling interest
18.0
268
268
-93.3%
Short-term borrowings
652
578
694
+12.8%
Debt
19,476
17,993
12,663
+8.2%
Other liabilities
13,008
12,981
11,002
+0.2%
Total liabilities and equity
43,634
42,648
32,837
+2.3%
Fixed assets
30,032
27,266
20,858
+10.1%
Goodwill
4,158
4,114
1,761
+1.1%
Intangible assets
925
1,065
966
-13.1%
Investments
759
734
856
+3.4%
Cash and equivalents
488
1,202
925
-59.4%
Receivables
745
732
652
+1.8%
Inventory
673
654
643
+2.9%
Other assets
5,854
6,881
6,176
-14.9%
Total assets
43,634
42,648
32,837
+2.3%
10-K for the year ended 31 December 2012, filed 28 February 2013: the filing.