Sempra (SRE) FY2012 results: revenue $9.6 billion, down 3.9% on the year
Sempra (SRE) reported revenue of $9.6 billion for fiscal 2012, the year ended 31 December 2012, down 3.9% on the year before. Net income was $859 million, down 35.5%, and diluted earnings per share $1.74. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2013.
Revenue
$9.6 billion
-3.9% on the year
FY2008FY2012
Operating margin
n/a
FY2008FY2012
Net income
$859 million
-35.5% on the year
FY2008FY2012
Diluted EPS
$1.74
-36.8% on the year
FY2008FY2012
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
9,647
10,036
9,003
-3.9%
Interest expense
493
465
436
+6.0%
Pre-tax income
943
1,721
786
-45.2%
Income tax
59.0
394
133
-85.0%
Effective tax rate
6.3%
22.9%
16.9%
Net income
859
1,331
709
-35.5%
Net margin
8.9%
13.3%
7.9%
Diluted EPS
$1.74
$2.75
$1.43
-36.8%
$ 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
2,018
1,867
2,154
+8.1%
Capital expenditure
2,956
2,844
2,062
+3.9%
Free cash flow
-938
-977
92.0
Free cash flow margin
-9.7%
-9.7%
1.0%
Cash from investing
-3,158
-3,070
-1,283
Cash from financing
1,355
534
-69.0
+153.7%
Depreciation and amortisation
1,090
976
866
+11.7%
Share-based compensation
40.0
44.0
34.0
-9.1%
Buybacks
16.0
18.0
502
-11.1%
Dividends paid
550
440
364
+25.0%
Dividend per share
$1.20
$0.96
$0.78
+25.0%
Diluted shares, weighted
493m
483m
496m
+2.1%
Shares outstanding at period end
485m
480m
481m
+1.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
10,282
9,775
8,990
+5.2%
Non-controlling interest
381
383
111
-0.5%
Short-term borrowings
n/a
449
158
Debt
12,892
10,078
8,980
+27.9%
Other liabilities
12,944
12,564
12,044
+3.0%
Total liabilities and equity
36,499
33,249
30,283
+9.8%
Fixed assets
25,191
23,465
19,814
+7.4%
Goodwill
1,111
1,036
87.0
+7.2%
Intangible assets
436
448
453
-2.7%
Cash and equivalents
475
252
912
+88.5%
Receivables
1,146
1,198
891
-4.3%
Inventory
408
346
258
+17.9%
Other assets
7,732
6,504
7,868
+18.9%
Total assets
36,499
33,249
30,283
+9.8%
10-K for the year ended 31 December 2012, filed 26 February 2013: the filing.