PPL (PPL) FY2016 results: revenue $7.5 billion, down 2.0% on the year
PPL Corp. (PPL) reported revenue of $7.5 billion for fiscal 2016, the year ended 31 December 2016, down 2.0% on the year before. Net income was $1.9 billion, up 179.7%, and diluted earnings per share $2.79. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2017.
Revenue
$7.5 billion
-2.0% on the year
FY2009FY2016
Operating margin
39.1%
36.9% a year earlier
FY2009FY2016
Net income
$1.9 billion
+179.7% on the year
FY2009FY2016
Diluted EPS
$2.79
+176.2% 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
7,517
7,669
7,852
-2.0%
Operating income
2,936
2,831
2,867
+3.7%
Operating margin
39.1%
36.9%
36.5%
Interest expense
888
871
843
+2.0%
Pre-tax income
2,550
2,068
2,129
+23.3%
Income tax
648
465
692
+39.4%
Effective tax rate
25.4%
22.5%
32.5%
Net income
1,902
680
1,737
+179.7%
Net margin
25.3%
8.9%
22.1%
Diluted EPS
$2.79
$1.01
$2.61
+176.2%
$ 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
2,890
2,615
3,403
+10.5%
Capital expenditure
2,920
3,533
3,674
-17.4%
Free cash flow
-30.0
-918
-271
Free cash flow margin
-0.4%
-12.0%
-3.5%
Cash from investing
-2,926
-3,588
-3,329
Cash from financing
-439
68.0
583
Depreciation
926
883
923
+4.9%
Share-based compensation
28.0
31.0
64.0
-9.7%
Buybacks
n/a
0.0
0.0
Dividends paid
1,030
1,004
967
+2.6%
Dividend per share
$1.52
$1.50
$1.49
+1.3%
Diluted shares, weighted
680m
673m
666m
+1.2%
Shares outstanding at period end
680m
674m
666m
+0.9%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
9,899
9,919
13,628
-0.2%
Short-term borrowings
923
916
836
+0.8%
Debt
18,326
19,048
18,054
-3.8%
Other liabilities
9,167
9,418
16,088
-2.7%
Total liabilities and equity
38,315
39,301
48,606
-2.5%
Fixed assets
30,074
30,382
28,169
-1.0%
Goodwill
3,060
3,550
3,667
-13.8%
Intangible assets
700
679
668
+3.1%
Investments
n/a
0.0
1,105
Cash and equivalents
341
836
1,399
-59.2%
Receivables
666
673
737
-1.0%
Inventory
356
357
381
-0.3%
Other assets
3,118
2,824
12,480
+10.4%
Total assets
38,315
39,301
48,606
-2.5%
10-K for the year ended 31 December 2016, filed 17 February 2017: the filing.