ETI-P FY 2013 Earnings Report — Entergy Texas, Inc. Revenue & Financial Results | Market Cap Arena

Entergy Texas, Inc.ETI-P

FY 2013 Earnings

Reported February 27, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.6B	—	9.3%
Op. Income	$174M	—	$170M	—	2.5%
Gross Margin	23.7%	—	24.4%	—	-0.7pp
Net Margin	3.3%	—	2.7%	—	0.7pp
EPS (Diluted)	$3.99	—	$4.76	—	-16.2%
Free Cash Flow	$56M	—	$90M	—	-38.1%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.3B
GROSS PROFIT	$410M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$3M
Operating Expenses	$236M
Cost & Expenses	$1.6B
OPERATING INCOME	$174M
Interest Income	$1M
Interest Expense	$89M
Other Income/Expenses	-$86M
INCOME BEFORE TAX	$88M
Income Tax Expense	$30M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$95M
EBIT	$177M
EBITDA	$272M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.3B
GROSS PROFIT	$410M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$3M
Operating Expenses	$236M
Cost & Expenses	$1.6B
OPERATING INCOME	$174M
Interest Income	$1M
Interest Expense	$89M
Other Income/Expenses	-$86M
INCOME BEFORE TAX	$88M
Income Tax Expense	$30M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$95M
EBIT	$177M
EBITDA	$272M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$58M
Depreciation & Amortization	$95M
Stock-Based Compensation	$0
Deferred Income Tax	$86M
Other Non-Cash Items	$0
Change in Working Capital	-$2M
OPERATING CASH FLOW	$237M
Capital Expenditure	-$182M
Acquisitions (Net)	$0
Purchases of Investments	-$256.0K
Sales/Maturities of Investments	$0
Other Investing Activities	$17M
NET CASH FROM INVESTING	-$164M
Net Debt Issuance	-$61M
Common Stock Repurchased	$0
Common Dividends Paid	-$25M
Other Financing Activities	-$177.0K
NET CASH FROM FINANCING	-$86M
FREE CASH FLOW	$56M
Net Change in Cash	-$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$46M
Short-Term Investments	$0
Net Receivables	$207M
Inventory	$89M
Other Current Assets	$88M
TOTAL CURRENT ASSETS	$487M
PP&E (Net)	$2.3B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$19M
Tax Assets	$184M
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$3.9B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$39M
Other Current Liabilities	$74M
TOTAL CURRENT LIABILITIES	$330M
Long-Term Debt	$1.6B
Deferred Revenue NC	$70M
Deferred Tax Liabilities	$1.0B
Other Non-Current Liabilities	$109M
TOTAL NON-CURRENT LIABILITIES	$2.7B
TOTAL LIABILITIES	$3.0B
Common Stock	$49M
Additional Paid-In Capital	$482M
Retained Earnings	$356M
Treasury Stock	$0
Accum. Other Comp. Income	-$20M
Other Equity	$448M
TOTAL STOCKHOLDERS' EQUITY	$887M
Minority Interest	$0
TOTAL EQUITY	$887M
TOTAL LIABILITIES & EQUITY	$3.9B
Total Debt	$1.6B
Net Debt	$1.5B