Essential Utilities (WTRG) FY2011 results: revenue $687 million, up 4.1% on the year
Essential Utilities, Inc. (WTRG) reported revenue of $687 million for fiscal 2011, the year ended 31 December 2011, up 4.1% on the year before. Net income was $143 million, up 15.4%, and diluted earnings per share $0.82. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2012.
Revenue
$687 million
+4.1% on the year
FY2007FY2011
Operating margin
40.9%
39.0% a year earlier
FY2007FY2011
Net income
$143 million
+15.4% on the year
FY2007FY2011
Diluted EPS
$0.82
+14.4% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
687
660
633
+4.1%
Operating income
281
257
228
+9.1%
Operating margin
40.9%
39.0%
36.0%
Interest expense
77.8
73.4
66.3
+6.0%
Pre-tax income
216
194
165
+11.1%
Income tax
69.1
74.9
64.9
-7.8%
Effective tax rate
32.0%
38.6%
39.3%
Net income
143
124
104
+15.4%
Net margin
20.8%
18.8%
16.5%
Diluted EPS
$0.82
$0.72
$0.62
+14.4%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
367
263
258
+39.4%
Capital expenditure
326
308
273
+5.7%
Free cash flow
41.0
-45.0
-15.3
Free cash flow margin
6.0%
-6.8%
-2.4%
Cash from investing
-285
-384
-320
Cash from financing
-79.7
104
69.0
Depreciation and amortisation
108
112
111
-3.1%
Share-based compensation
3.9
3.9
3.5
-0.5%
Buybacks
1.2
0.8
0.3
+51.0%
Dividends paid
87.1
80.9
74.7
+7.7%
Dividend per share
$0.50
$0.47
$0.44
+6.8%
Diluted shares, weighted
173m
172m
170m
+1.0%
Shares outstanding at period end
174m
172m
171m
+0.8%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
1,251
1,174
1,109
+6.6%
Non-controlling interest
0.5
0.6
0.6
-11.9%
Debt
1,584
1,609
990
-1.6%
Other liabilities
1,513
1,289
1,651
+17.4%
Total liabilities and equity
4,348
4,072
3,750
+6.8%
Fixed assets
3,503
3,250
3,033
+7.8%
Goodwill
26.9
27.9
30.9
-3.5%
Cash and equivalents
8.2
5.9
21.9
+38.3%
Receivables
75.5
78.2
78.7
-3.4%
Inventory
11.0
9.9
9.5
+11.1%
Other assets
724
701
576
+3.3%
Total assets
4,348
4,072
3,750
+6.8%
10-K for the year ended 31 December 2011, filed 27 February 2012: the filing.