ETI-P FY 2009 Earnings Report — Entergy Texas, Inc. Revenue & Financial Results | Market Cap Arena

Entergy Texas, Inc.ETI-P

FY 2009 Earnings

Reported February 26, 2010

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	$10.7B	—	$13.1B	—	-17.9%
Op. Income	$2.3B	—	$2.3B	—	0.1%
Gross Margin	65.5%	—	53.6%	—	11.9pp
Net Margin	11.6%	—	9.5%	—	2.2pp
EPS (Diluted)	$6.30	—	$6.20	—	1.6%
Free Cash Flow	$476M	—	$421M	—	13.1%

Revenue Flow

Item	Amount
REVENUE	$10.7B
Cost of Revenue	$3.7B
GROSS PROFIT	$7.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$199M
Other Expenses	$4.6B
Operating Expenses	$4.8B
Cost & Expenses	$8.5B
OPERATING INCOME	$2.3B
Interest Income	$237M
Interest Expense	$604M
Other Income/Expenses	-$401M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$633M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$1.3B
EBIT	$204M
EBITDA	$3.8B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$10.7B
Cost of Revenue	$3.7B
GROSS PROFIT	$7.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$199M
Other Expenses	$4.6B
Operating Expenses	$4.8B
Cost & Expenses	$8.5B
OPERATING INCOME	$2.3B
Interest Income	$237M
Interest Expense	$604M
Other Income/Expenses	-$401M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$633M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$1.3B
EBIT	$204M
EBITDA	$3.8B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$1.3B
Stock-Based Compensation	$0
Deferred Income Tax	$865M
Other Non-Cash Items	-$439M
Change in Working Capital	-$105M
OPERATING CASH FLOW	$2.9B
Capital Expenditure	-$2.5B
Acquisitions (Net)	$40M
Purchases of Investments	-$1.6B
Sales/Maturities of Investments	$94M
Other Investing Activities	$1.8B
NET CASH FROM INVESTING	-$2.1B
Net Debt Issuance	$247M
Common Stock Repurchased	-$615M
Common Dividends Paid	-$120M
Other Financing Activities	-$589M
NET CASH FROM FINANCING	-$1.0B
FREE CASH FLOW	$476M
Net Change in Cash	-$211M

Balance Sheet

Item	Amount
Cash & Equivalents	$86M
Short-Term Investments	$1.6B
Net Receivables	$2.7B
Inventory	$1.0B
Other Current Assets	$59M
TOTAL CURRENT ASSETS	$4.5B
PP&E (Net)	$23.6B
Goodwill	$377M
Intangible Assets	$0
Long-Term Investments	$40M
Tax Assets	$147M
Other Non-Current Assets	$8.6B
TOTAL NON-CURRENT ASSETS	$32.8B
TOTAL ASSETS	$37.4B
Account Payables	$118M
Short-Term Debt	$104M
Deferred Revenue	$21M
Other Current Liabilities	$2.6B
TOTAL CURRENT LIABILITIES	$3.2B
Long-Term Debt	$1.5B
Deferred Revenue NC	$563M
Deferred Tax Liabilities	$7.7B
Other Non-Current Liabilities	-$213M
TOTAL NON-CURRENT LIABILITIES	$25.5B
TOTAL LIABILITIES	$28.7B
Common Stock	$3M
Additional Paid-In Capital	$531M
Retained Earnings	$8.0B
Treasury Stock	-$4.7B
Accum. Other Comp. Income	-$75M
Other Equity	$12.7B
TOTAL STOCKHOLDERS' EQUITY	$8.7B
Minority Interest	$0
TOTAL EQUITY	$8.7B
TOTAL LIABILITIES & EQUITY	$37.4B
Total Debt	$12.0B
Net Debt	$11.9B