PPL (PPL) FY2017 results: revenue $7.4 billion, down 0.9% on the year
PPL Corp. (PPL) reported revenue of $7.4 billion for fiscal 2017, the year ended 31 December 2017, down 0.9% on the year before. Net income was $1.1 billion, down 40.7%, and diluted earnings per share $1.64. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2018.
Revenue
$7.4 billion
-0.9% on the year
FY2010FY2017
Operating margin
39.0%
39.1% a year earlier
FY2010FY2017
Net income
$1.1 billion
-40.7% on the year
FY2010FY2017
Diluted EPS
$1.64
-41.2% 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
7,447
7,517
7,669
-0.9%
Operating income
2,901
2,936
2,831
-1.2%
Operating margin
39.0%
39.1%
36.9%
Interest expense
901
888
871
+1.5%
Pre-tax income
1,912
2,550
2,068
-25.0%
Income tax
784
648
465
+21.0%
Effective tax rate
41.0%
25.4%
22.5%
Net income
1,128
1,902
680
-40.7%
Net margin
15.1%
25.3%
8.9%
Diluted EPS
$1.64
$2.79
$1.01
-41.2%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
2,461
2,890
2,615
-14.8%
Capital expenditure
3,133
2,920
3,533
+7.3%
Free cash flow
-672
-30.0
-918
Free cash flow margin
-9.0%
-0.4%
-12.0%
Cash from investing
-3,156
-2,926
-3,588
Cash from financing
824
-439
68.0
Depreciation
1,008
926
883
+8.9%
Share-based compensation
38.0
28.0
31.0
+35.7%
Buybacks
n/a
n/a
0.0
Dividends paid
1,072
1,030
1,004
+4.1%
Dividend per share
$1.58
$1.52
$1.50
+3.9%
Diluted shares, weighted
687m
680m
673m
+1.0%
Shares outstanding at period end
693m
680m
674m
+2.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
10,761
9,899
9,919
+8.7%
Short-term borrowings
1,080
923
916
+17.0%
Debt
20,195
18,326
19,048
+10.2%
Other liabilities
9,443
9,167
9,418
+3.0%
Total liabilities and equity
41,479
38,315
39,301
+8.3%
Fixed assets
33,092
30,074
30,382
+10.0%
Goodwill
3,258
3,060
3,550
+6.5%
Intangible assets
697
700
679
-0.4%
Investments
n/a
n/a
0.0
Cash and equivalents
485
341
836
+42.2%
Receivables
681
666
673
+2.3%
Inventory
320
356
357
-10.1%
Other assets
2,946
3,118
2,824
-5.5%
Total assets
41,479
38,315
39,301
+8.3%
10-K for the year ended 31 December 2017, filed 22 February 2018: the filing.