Essential Utilities (WTRG) FY2012 results: revenue $751 million, up 9.2% on the year
Essential Utilities, Inc. (WTRG) reported revenue of $751 million for fiscal 2012, the year ended 31 December 2012, up 9.2% on the year before. Net income was $197 million, up 37.4%, and diluted earnings per share $1.12. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$751 million
+9.2% on the year
FY2007FY2012
Operating margin
42.3%
40.9% a year earlier
FY2007FY2012
Net income
$197 million
+37.4% on the year
FY2007FY2012
Diluted EPS
$1.12
+35.9% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
751
687
660
+9.2%
Operating income
318
281
257
+13.1%
Operating margin
42.3%
40.9%
39.0%
Interest expense
77.8
77.8
73.4
-0.1%
Pre-tax income
247
216
194
+14.5%
Income tax
65.2
69.1
74.9
-5.6%
Effective tax rate
26.4%
32.0%
38.6%
Net income
197
143
124
+37.4%
Net margin
26.2%
20.8%
18.8%
Diluted EPS
$1.12
$0.82
$0.72
+35.9%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
368
367
263
+0.4%
Capital expenditure
347
326
308
+6.5%
Free cash flow
21.3
41.0
-45.0
-48.1%
Free cash flow margin
2.8%
6.0%
-6.8%
Cash from investing
-365
-285
-384
Cash from financing
-6.4
-79.7
104
Depreciation and amortisation
116
108
112
+7.3%
Share-based compensation
5.5
3.9
3.9
+44.1%
Buybacks
1.5
1.2
0.8
+25.9%
Dividends paid
93.4
87.1
80.9
+7.2%
Dividend per share
$0.54
$0.50
$0.47
+6.3%
Diluted shares, weighted
175m
173m
172m
+0.9%
Shares outstanding at period end
175m
174m
172m
+1.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,386
1,251
1,174
+10.7%
Non-controlling interest
0.2
0.5
0.6
-62.7%
Debt
1,669
1,584
1,609
+5.4%
Other liabilities
1,779
1,513
1,289
+17.6%
Total liabilities and equity
4,834
4,348
4,072
+11.2%
Fixed assets
3,908
3,503
3,250
+11.5%
Goodwill
28.2
26.9
27.9
+4.5%
Cash and equivalents
5.5
8.2
5.9
-32.7%
Receivables
92.9
75.5
78.2
+23.0%
Inventory
11.8
11.0
9.9
+6.7%
Other assets
788
724
701
+8.9%
Total assets
4,834
4,348
4,072
+11.2%
10-K for the year ended 31 December 2012, filed 28 February 2013: the filing.