Sempra (SRE) FY2013 results: revenue $10.6 billion, up 9.4% on the year
Sempra (SRE) reported revenue of $10.6 billion for fiscal 2013, the year ended 31 December 2013, up 9.4% on the year before. Net income was $1.0 billion, up 16.5%, and diluted earnings per share $2.00. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$10.6 billion
+9.4% on the year
FY2008FY2013
Operating margin
n/a
FY2008FY2013
Net income
$1.0 billion
+16.5% on the year
FY2008FY2013
Diluted EPS
$2.00
+15.2% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
10,557
9,647
10,036
+9.4%
Interest expense
559
493
465
+13.4%
Pre-tax income
1,430
943
1,721
+51.6%
Income tax
366
59.0
394
+520.3%
Effective tax rate
25.6%
6.3%
22.9%
Net income
1,001
859
1,331
+16.5%
Net margin
9.5%
8.9%
13.3%
Diluted EPS
$2.00
$1.74
$2.75
+15.2%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
1,784
2,018
1,867
-11.6%
Capital expenditure
2,572
2,956
2,844
-13.0%
Free cash flow
-788
-938
-977
Free cash flow margin
-7.5%
-9.7%
-9.7%
Cash from investing
-1,689
-3,158
-3,070
Cash from financing
338
1,355
534
-75.1%
Depreciation and amortisation
1,113
1,090
976
+2.1%
Share-based compensation
38.0
40.0
44.0
-5.0%
Buybacks
45.0
16.0
18.0
+181.2%
Dividends paid
606
550
440
+10.2%
Dividend per share
$1.26
$1.20
$0.96
+5.0%
Diluted shares, weighted
499m
493m
483m
+1.1%
Shares outstanding at period end
489m
485m
480m
+0.9%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
11,008
10,282
9,775
+7.1%
Non-controlling interest
822
381
383
+115.7%
Short-term borrowings
n/a
n/a
449
Debt
12,945
12,892
10,078
+0.4%
Other liabilities
12,390
12,944
12,564
-4.3%
Total liabilities and equity
37,165
36,499
33,249
+1.8%
Fixed assets
25,460
25,191
23,465
+1.1%
Goodwill
1,024
1,111
1,036
-7.8%
Intangible assets
426
436
448
-2.3%
Cash and equivalents
904
475
252
+90.3%
Receivables
1,308
1,146
1,198
+14.1%
Inventory
287
408
346
-29.7%
Other assets
7,756
7,732
6,504
+0.3%
Total assets
37,165
36,499
33,249
+1.8%
10-K for the year ended 31 December 2013, filed 27 February 2014: the filing.