Sempra (SRE) FY2019 results: revenue $10.8 billion, up 7.2% on the year
Sempra (SRE) reported revenue of $10.8 billion for fiscal 2019, the year ended 31 December 2019, up 7.2% on the year before. Net income was $2.1 billion, up 122.4%, and diluted earnings per share $3.65. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$10.8 billion
+7.2% on the year
FY2012FY2019
Operating margin
n/a
FY2012FY2019
Net income
$2.1 billion
+122.4% on the year
FY2012FY2019
Diluted EPS
$3.65
+113.2% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
10,829
10,102
9,640
+7.2%
Interest expense
1,077
886
622
+21.6%
Pre-tax income
1,764
478
1,282
+269.0%
Income tax
315
-49.0
938
Effective tax rate
17.9%
-10.3%
73.2%
Net income
2,055
924
256
+122.4%
Net margin
19.0%
9.1%
2.7%
Diluted EPS
$3.65
$1.71
$0.51
+113.2%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
3,088
3,516
3,625
-12.2%
Capital expenditure
3,708
3,544
3,705
+4.6%
Free cash flow
-620
-28.0
-80.0
Free cash flow margin
-5.7%
-0.3%
-0.8%
Cash from investing
-4,593
-12,470
-4,885
Cash from financing
1,475
8,850
1,192
-83.3%
Depreciation and amortisation
1,569
1,491
1,436
+5.2%
Share-based compensation
75.0
83.0
82.0
-9.6%
Buybacks
26.0
21.0
15.0
+23.8%
Dividends paid
993
877
755
+13.2%
Dividend per share
$1.94
$1.79
$1.65
+8.1%
Diluted shares, weighted
564m
540m
505m
+4.5%
Shares outstanding at period end
583m
548m
503m
+6.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
19,929
17,138
12,670
+16.3%
Non-controlling interest
1,876
2,110
2,450
-11.1%
Debt
25,816
24,571
19,412
+5.1%
Operating lease liabilities
445
n/a
n/a
Finance lease liabilities
1,263
n/a
n/a
Other liabilities
16,336
16,819
15,922
-2.9%
Total liabilities and equity
65,665
60,638
50,454
+8.3%
Fixed assets
36,452
34,439
36,503
+5.8%
Goodwill
1,602
1,602
2,397
0.0%
Intangible assets
213
224
596
-4.9%
Securities held for sale or to maturity
1,082
974
n/a
+11.1%
Cash and equivalents
108
102
288
+5.9%
Receivables
1,261
1,215
1,307
+3.8%
Inventory
277
258
307
+7.4%
Other assets
24,670
21,824
9,056
+13.0%
Total assets
65,665
60,638
50,454
+8.3%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.