ETI-P FY 2012 Earnings Report — Entergy Texas, Inc. Revenue & Financial Results | Market Cap Arena

Entergy Texas, Inc.ETI-P

FY 2012 Earnings

Reported February 27, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.8B	—	-10.0%
Op. Income	$170M	—	$215M	—	-21.0%
Gross Margin	24.4%	—	35.9%	—	-11.4pp
Net Margin	2.7%	—	4.6%	—	-1.9pp
EPS (Diluted)	$4.76	—	$7.55	—	-37.0%
Free Cash Flow	$90M	—	$65M	—	37.2%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.2B
GROSS PROFIT	$386M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$4M
Operating Expenses	$216M
Cost & Expenses	$1.4B
OPERATING INCOME	$170M
Interest Income	$0
Interest Expense	$93M
Other Income/Expenses	-$95M
INCOME BEFORE TAX	$75M
Income Tax Expense	$33M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$42M
D&A	$88M
EBIT	$168M
EBITDA	$256M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.2B
GROSS PROFIT	$386M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$4M
Operating Expenses	$216M
Cost & Expenses	$1.4B
OPERATING INCOME	$170M
Interest Income	$0
Interest Expense	$93M
Other Income/Expenses	-$95M
INCOME BEFORE TAX	$75M
Income Tax Expense	$33M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$42M
D&A	$88M
EBIT	$168M
EBITDA	$256M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$42M
Depreciation & Amortization	$88M
Stock-Based Compensation	$0
Deferred Income Tax	$123M
Other Non-Cash Items	$0
Change in Working Capital	$18M
OPERATING CASH FLOW	$271M
Capital Expenditure	-$181M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$53M
NET CASH FROM INVESTING	-$129M
Net Debt Issuance	-$59M
Common Stock Repurchased	$0
Common Dividends Paid	-$87M
Other Financing Activities	-$728.0K
NET CASH FROM FINANCING	-$147M
FREE CASH FLOW	$90M
Net Change in Cash	-$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$60M
Short-Term Investments	$0
Net Receivables	$171M
Inventory	$88M
Other Current Assets	$107M
TOTAL CURRENT ASSETS	$480M
PP&E (Net)	$2.2B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$18M
Tax Assets	$173M
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$4.0B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$39M
Other Current Liabilities	$106M
TOTAL CURRENT LIABILITIES	$331M
Long-Term Debt	$1.6B
Deferred Revenue NC	$172M
Deferred Tax Liabilities	$1.0B
Other Non-Current Liabilities	$24M
TOTAL NON-CURRENT LIABILITIES	$2.8B
TOTAL LIABILITIES	$3.2B
Common Stock	$49M
Additional Paid-In Capital	$482M
Retained Earnings	$323M
Treasury Stock	$0
Accum. Other Comp. Income	-$20M
Other Equity	$20M
TOTAL STOCKHOLDERS' EQUITY	$854M
Minority Interest	$0
TOTAL EQUITY	$854M
TOTAL LIABILITIES & EQUITY	$4.0B
Total Debt	$1.6B
Net Debt	$1.6B