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CONSTELLATION ENERGY GROUP INC (CEG)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-11Dec-31-10Dec-31-09Dec-31-08Dec-31-07Dec-31-06Dec-31-05Dec-31-04
   10-K10-K10-K10-K10-K10-K10-K10-K
Total revenues  2,993.13,461.73,579.03,703.721,193.23,015.416,968.312,127.2
            Revenue growth  -13.5%-3.3%-3.4%-82.5%602.8%-82.2%39.9%28.3%
Cost of goods sold  551.5484.5433.7428.217,411.4496.11,900.71,714.0
Gross profit  2,441.62,977.23,145.33,275.53,781.82,519.315,067.610,413.2
            Gross margin  81.6%86.0%87.9%88.4%17.8%83.5%88.8%85.9%
Selling, general and administrative  272.1249.2262.1227.92,447.4227.514,123.19,495.1
Other operating expenses  1,824.42,373.82,614.82,865.1-234.21,695.2  
EBITDA   [+]617.2603.4530.5410.4 893.01,568.01,568.4
            EBITDA margin  20.6%17.4%14.8%11.1%6.3%29.6%9.2%12.9%
Depreciation and amortization  272.1249.2262.1227.9 523.9606.5650.3
EBIT   [+]345.1354.2268.4182.51,334.4369.1961.5918.1
            EBIT margin  11.5%10.2%7.5%4.9%6.3%12.2%5.7%7.6%
Non-recurring items  30.3     17.0 
Interest expense  133.8135.8143.6144.2 104.6306.9324.4
Other income (expense), net  28.226.329.733.9-71.78.062.223.1
Pre-tax income  209.2244.7154.572.21,262.7272.5699.8616.8
Income taxes  148.0195.3128.742.7428.3206.0163.9118.4
            Tax rate  70.7%79.8%83.3%59.1%33.9%75.6%23.4%19.2%
Minority interest    7.3     
Earnings from continuing ops  122.5134.484.838.3821.5157.1528.7498.4
Earnings from discontinued ops        94.441.3
Net income  122.5134.484.838.3821.5157.1623.1539.7
            Net margin  4.1%3.9%2.4%1.0%3.9%5.2%3.7%4.5%
   
Basic EPS   [+]    $4.56 $2.98$2.90
Diluted EPS   [+]    $4.50 $2.94$2.88
   
Dividends per share   [+]    $1.74 $1,340,000.00$1,140,000.00
   
Shares outstanding (basic)   [+]    180.2 177.5172.1
Shares outstanding (diluted)   [+]    182.5 179.7173.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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