Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data NSTAR ELECTRIC CO files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2009
FY2011
FY2011
Revenue
2,564
2,478
2,487
Operating expenses
2,098
1,996
2,001
Operating income
466
482
487
Interest expense
77
71.1
69.2
Other non-operating income
2.7
-0.78
0.76
Pre-tax income
392
411
418
Income tax
151
162
166
Net income
241
249
252
EBITDA
805
763
759
Balance sheet
FY2009
FY2011
FY2011
Cash and equivalents
7.46
8.96
9.37
Receivables
227
233
Inventory
18.3
31.2
Other current assets
33.7
0.25
Total current assets
808
626
Long-term investments
8.13
7.58
Other non-current assets
1,716
Total assets
6,737
6,791
Accounts payable
205
182
Short-term debt
228
142
Total current liabilities
804
1,102
Long-term debt
1,744
1,243
Other non-current liabilities
84.3
79.8
Total liabilities
4,586
4,560
Total debt
1,744
1,243
Paid-in capital
993
993
Retained earnings
1,100
1,159
1,239
Shareholders' equity
2,151
2,232
Total equity
2,151
2,232
Total liabilities and equity
6,737
6,791
Shares outstanding
0
0
Cash flow statement
FY2009
FY2011
FY2011
Net income
241
249
252
Depreciation and amortization
339
281
272
Deferred income tax
53.8
40.2
70.6
Change in receivables
43.9
-7.87
-3.56
Change in inventory
2.47
3.08
-13
Cash from operations
523
556
721
Capital expenditures
-319
-309
-381
Cash from investing
-316
-321
-364
Debt issued
105
295
Debt repaid
-154
-94.9
-82.6
Dividends paid
-143
-190
-172
Cash from financing
-208
-233
-357
Net change in cash
-1.1
1.51
0.41
Free cash flow
204
247
340
Interest paid
101
95.8
96.1
Income taxes paid
112
148
-62.2
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to March 31, 2012; growth uses fiscal years. Valuation uses the share price of $79.00 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
17.1%
Operating income / revenue.
EBITDA margin
28.2%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
14.3%
Pre-tax income / revenue.
Net margin
8.6%
Net income / revenue.
FCF margin
15.0%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
31.5%
Cash from operations / revenue.
Effective tax rate
39.5%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
9.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
3.2%
Net income / average total assets.
Return on invested capital (ROIC)
7.6%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Capex / revenue
16.5%
Capital expenditures / revenue.
D&A / revenue
11.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
0.4%
Revenue vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
0.9%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-0.6%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
1.6%
Net income vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
29.7%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
37.4%
Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
3.7%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
0.8%
Total assets vs the same period a year earlier. Only from a positive base.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.52x
Current assets / current liabilities.
Quick ratio
0.20x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.01x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.55x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
17.8%
Total debt / total assets.
Liabilities / assets
67.7%
Total liabilities / total assets.
Net debt
$1.19B
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
1.71x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Dividends paid / net income, when net income is positive.
Dividends / FCF
48.4%
Dividends paid / free cash flow, when free cash flow is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$7.9K
Share price x shares outstanding.
Enterprise value
$1.19B
Market cap + total debt - cash - short-term investments.
P/E
0.00x
Market cap / net income. Only when net income is positive.
P/S
0.00x
Market cap / revenue.
P/B
0.00x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.00x
Market cap / tangible book value, when positive.
P/FCF
0.00x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
0.00x
Market cap / cash from operations, when positive.
EV/Sales
0.48x
Enterprise value / revenue.
EV/EBIT
2.81x
Enterprise value / operating income, when both are positive.
EV/EBITDA
1.71x
Enterprise value / EBITDA, when both are positive.
EV/FCF
3.22x
Enterprise value / free cash flow, when both are positive.
FCF yield
4,682,937.0%
Free cash flow / market cap.
Earnings yield
2,703,051.0%
Net income / market cap (the inverse of P/E).
Dividend yield
2,265,316.0%
Dividends paid over the period / market cap.
Shareholder yield
2,265,316.0%
(Dividends paid + share buybacks) / market cap.
What was NSTAR ELECTRIC CO's revenue in fiscal 2011?
NSTAR ELECTRIC CO reported revenue of $2.49B for fiscal 2011, 0.4% higher than the year before.
Was NSTAR ELECTRIC CO profitable in fiscal 2011?
Yes. Net income was $252.5M, a net margin of 10.2%.
How much free cash flow did NSTAR ELECTRIC CO generate in fiscal 2011?
Cash from operations of $721.2M minus capital expenditures of $381.2M left free cash flow of $339.9M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.