Sempra (SRE) FY2014 results: revenue $11.0 billion, up 4.5% on the year
Sempra (SRE) reported revenue of $11.0 billion for fiscal 2014, the year ended 31 December 2014, up 4.5% on the year before. Net income was $1.2 billion, up 16.0%, and diluted earnings per share $2.31. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2015.
Revenue
$11.0 billion
+4.5% on the year
FY2008FY2014
Operating margin
n/a
FY2008FY2014
Net income
$1.2 billion
+16.0% on the year
FY2008FY2014
Diluted EPS
$2.31
+15.5% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
11,035
10,557
9,647
+4.5%
Interest expense
554
559
493
-0.9%
Pre-tax income
1,524
1,430
943
+6.6%
Income tax
300
366
59.0
-18.0%
Effective tax rate
19.7%
25.6%
6.3%
Net income
1,161
1,001
859
+16.0%
Net margin
10.5%
9.5%
8.9%
Diluted EPS
$2.31
$2.00
$1.74
+15.5%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
2,161
1,784
2,018
+21.1%
Capital expenditure
3,123
2,572
2,956
+21.4%
Free cash flow
-962
-788
-938
Free cash flow margin
-8.7%
-7.5%
-9.7%
Cash from investing
-3,342
-1,689
-3,158
Cash from financing
854
338
1,355
+152.7%
Depreciation and amortisation
1,156
1,113
1,090
+3.9%
Share-based compensation
46.0
38.0
40.0
+21.1%
Buybacks
38.0
45.0
16.0
-15.6%
Dividends paid
598
606
550
-1.3%
Dividend per share
$1.32
$1.26
$1.20
+4.8%
Diluted shares, weighted
501m
499m
493m
+0.5%
Shares outstanding at period end
493m
489m
485m
+0.8%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
11,326
11,008
10,282
+2.9%
Non-controlling interest
754
822
381
-8.3%
Debt
14,288
12,945
12,892
+10.4%
Other liabilities
13,283
12,390
12,944
+7.2%
Total liabilities and equity
39,651
37,165
36,499
+6.7%
Fixed assets
25,902
25,460
25,191
+1.7%
Goodwill
931
1,024
1,111
-9.1%
Intangible assets
415
426
436
-2.6%
Cash and equivalents
570
904
475
-36.9%
Receivables
1,242
1,308
1,146
-5.0%
Inventory
396
287
408
+38.0%
Other assets
10,195
7,756
7,732
+31.4%
Total assets
39,651
37,165
36,499
+6.7%
10-K for the year ended 31 December 2014, filed 26 February 2015: the filing.