Essential Utilities (WTRG) FY2015 results: revenue $814 million, up 4.4% on the year
Essential Utilities, Inc. (WTRG) reported revenue of $814 million for fiscal 2015, the year ended 31 December 2015, up 4.4% on the year before. Net income was $202 million, down 13.5%, and diluted earnings per share $1.14. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$814 million
+4.4% on the year
FY2008FY2015
Operating margin
39.4%
40.3% a year earlier
FY2008FY2015
Net income
$202 million
-13.5% on the year
FY2008FY2015
Diluted EPS
$1.14
-13.0% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
814
780
762
+4.4%
Operating income
321
314
302
+2.1%
Operating margin
39.4%
40.3%
39.6%
Interest expense
76.5
76.4
77.3
+0.2%
Pre-tax income
217
239
224
-9.3%
Income tax
15.0
25.2
21.2
-40.7%
Effective tax rate
6.9%
10.5%
9.5%
Net income
202
233
221
-13.5%
Net margin
24.8%
29.9%
29.0%
Diluted EPS
$1.14
$1.31
$1.25
-13.0%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
371
364
368
+1.9%
Capital expenditure
365
329
308
+11.0%
Free cash flow
6.1
35.2
59.6
-82.6%
Free cash flow margin
0.7%
4.5%
7.8%
Cash from investing
-394
-293
-222
Cash from financing
22.4
-72.2
-147
Depreciation and amortisation
129
127
124
+1.7%
Share-based compensation
5.9
6.8
5.1
-14.1%
Buybacks
25.2
15.8
12.8
+60.2%
Dividends paid
121
112
103
+8.2%
Dividend per share
$0.69
$0.63
$0.58
+8.2%
Diluted shares, weighted
178m
178m
177m
-0.1%
Shares outstanding at period end
177m
177m
177m
-0.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,726
1,655
1,535
+4.3%
Non-controlling interest
n/a
0.0
0.2
Debt
1,773
1,638
1,592
+8.2%
Other liabilities
2,219
2,090
1,901
+6.2%
Total liabilities and equity
5,718
5,383
5,027
+6.2%
Fixed assets
4,689
4,402
4,139
+6.5%
Goodwill
33.9
31.2
28.2
+8.6%
Cash and equivalents
3.2
4.1
5.1
-22.0%
Receivables
99.1
97.0
94.7
+2.2%
Inventory
12.4
12.8
11.4
-2.9%
Other assets
880
836
750
+5.3%
Total assets
5,718
5,383
5,027
+6.2%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.