Sempra (SRE) FY2020 results: revenue $11.4 billion, up 5.0% on the year
Sempra (SRE) reported revenue of $11.4 billion for fiscal 2020, the year ended 31 December 2020, up 5.0% on the year before. Net income was $3.8 billion, up 83.2%, and diluted earnings per share $6.44. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2021.
Revenue
$11.4 billion
+5.0% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
$3.8 billion
+83.2% on the year
FY2013FY2020
Diluted EPS
$6.44
+76.7% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
11,370
10,829
10,102
+5.0%
Interest expense
1,081
1,077
886
+0.4%
Pre-tax income
1,783
1,764
478
+1.1%
Income tax
249
315
-49.0
-21.0%
Effective tax rate
14.0%
17.9%
-10.3%
Net income
3,764
2,055
924
+83.2%
Net margin
33.1%
19.0%
9.1%
Diluted EPS
$6.44
$3.65
$1.71
+76.7%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
2,591
3,088
3,516
-16.1%
Capital expenditure
4,676
3,708
3,544
+26.1%
Free cash flow
-2,085
-620
-28.0
Free cash flow margin
-18.3%
-5.7%
-0.3%
Cash from investing
553
-4,593
-12,470
Cash from financing
-2,373
1,475
8,850
Depreciation and amortisation
1,666
1,569
1,491
+6.2%
Share-based compensation
71.0
75.0
83.0
-5.3%
Buybacks
566
26.0
21.0
+2,076.9%
Dividends paid
1,174
993
877
+18.2%
Dividend per share
$2.09
$1.94
$1.79
+8.0%
Diluted shares, weighted
585m
564m
540m
+3.6%
Shares outstanding at period end
577m
583m
548m
-1.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
23,373
19,929
17,138
+17.3%
Non-controlling interest
1,561
1,876
2,110
-16.8%
Debt
24,206
25,816
24,571
-6.2%
Operating lease liabilities
407
445
n/a
-8.5%
Finance lease liabilities
1,294
1,263
n/a
+2.5%
Other liabilities
15,782
16,336
16,819
-3.4%
Total liabilities and equity
66,623
65,665
60,638
+1.5%
Fixed assets
40,003
36,452
34,439
+9.7%
Goodwill
1,602
1,602
1,602
0.0%
Intangible assets
202
213
224
-5.2%
Securities held for sale or to maturity
n/a
1,082
974
Cash and equivalents
960
108
102
+788.9%
Receivables
1,578
1,261
1,215
+25.1%
Inventory
308
277
258
+11.2%
Other assets
21,970
24,670
21,824
-10.9%
Total assets
66,623
65,665
60,638
+1.5%
10-K for the year ended 31 December 2020, filed 25 February 2021: the filing.