EMA FY 2009 Earnings Report — Emera Incorporated Revenue & Financial Results | Market Cap Arena

Emera IncorporatedEMA

FY 2009 Earnings

Reported December 30, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$1.1B	—	$973M	—	10.0%
Op. Income	$253M	—	$227M	—	11.5%
Gross Margin	60.8%	—	60.6%	—	0.3pp
Net Margin	12.0%	—	10.9%	—	1.1pp
EPS (Diluted)	$1.11	—	$0.92	—	20.6%
Free Cash Flow	-$27M	—	-$226M	—	88.2%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$419M
GROSS PROFIT	$651M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$398M
Operating Expenses	$398M
Cost & Expenses	$818M
OPERATING INCOME	$253M
Interest Income	$18M
Interest Expense	$99M
Other Income/Expenses	-$89M
INCOME BEFORE TAX	$165M
Income Tax Expense	$36M
Net Income from Continuing Ops	$129M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$128M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$128M
D&A	$130M
EBIT	$264M
EBITDA	$384M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$419M
GROSS PROFIT	$651M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$398M
Operating Expenses	$398M
Cost & Expenses	$818M
OPERATING INCOME	$253M
Interest Income	$18M
Interest Expense	$99M
Other Income/Expenses	-$89M
INCOME BEFORE TAX	$165M
Income Tax Expense	$36M
Net Income from Continuing Ops	$129M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$128M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$128M
D&A	$130M
EBIT	$264M
EBITDA	$384M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$128M
Depreciation & Amortization	$130M
Stock-Based Compensation	$0
Deferred Income Tax	-$2M
Other Non-Cash Items	$219.2K
Change in Working Capital	-$21M
OPERATING CASH FLOW	$221M
Capital Expenditure	-$248M
Acquisitions (Net)	-$27M
Purchases of Investments	-$39M
Sales/Maturities of Investments	$52M
Other Investing Activities	-$7M
NET CASH FROM INVESTING	-$268M
Net Debt Issuance	$230M
Common Stock Repurchased	-$91M
Common Dividends Paid	-$85M
Other Financing Activities	-$8M
NET CASH FROM FINANCING	$57M
FREE CASH FLOW	-$27M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$16M
Short-Term Investments	$19M
Net Receivables	$310M
Inventory	$128M
Other Current Assets	$66M
TOTAL CURRENT ASSETS	$527M
PP&E (Net)	$2.3B
Goodwill	$64M
Intangible Assets	$67M
Long-Term Investments	$543M
Tax Assets	$3M
Other Non-Current Assets	$359M
TOTAL NON-CURRENT ASSETS	$3.3B
TOTAL ASSETS	$3.9B
Account Payables	$224M
Short-Term Debt	$299M
Deferred Revenue	$8M
Other Current Liabilities	$62M
TOTAL CURRENT LIABILITIES	$592M
Long-Term Debt	$1.7B
Deferred Revenue NC	$1M
Deferred Tax Liabilities	$142M
Other Non-Current Liabilities	$308M
TOTAL NON-CURRENT LIABILITIES	$2.2B
TOTAL LIABILITIES	$2.7B
Common Stock	$0
Additional Paid-In Capital	$3M
Retained Earnings	$431M
Treasury Stock	$0
Accum. Other Comp. Income	-$136M
Other Equity	$801M
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$25M
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$3.9B
Total Debt	$2.0B
Net Debt	$2.0B