ETI-P FY 2016 Earnings Report — Entergy Texas, Inc. Revenue & Financial Results | Market Cap Arena

Entergy Texas, Inc.ETI-P

FY 2016 Earnings

Reported February 24, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.7B	—	-5.4%
Op. Income	$246M	—	$184M	—	33.7%
Gross Margin	31.3%	—	27.2%	—	4.1pp
Net Margin	6.7%	—	4.1%	—	2.6pp
EPS (Diluted)	$-3.26	—	$-0.99	—	-229.3%
Free Cash Flow	-$31M	—	-$36M	—	13.2%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.1B
GROSS PROFIT	$506M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$746.0K
Operating Expenses	$261M
Cost & Expenses	$1.4B
OPERATING INCOME	$246M
Interest Income	$987.0K
Interest Expense	$83M
Other Income/Expenses	-$74M
INCOME BEFORE TAX	$171M
Income Tax Expense	$63M
Net Income from Continuing Ops	$108M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$108M
D&A	$107M
EBIT	$253M
EBITDA	$360M
EPS	-$3
EPS Diluted	-$3

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.1B
GROSS PROFIT	$506M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$746.0K
Operating Expenses	$261M
Cost & Expenses	$1.4B
OPERATING INCOME	$246M
Interest Income	$987.0K
Interest Expense	$83M
Other Income/Expenses	-$74M
INCOME BEFORE TAX	$171M
Income Tax Expense	$63M
Net Income from Continuing Ops	$108M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$108M
D&A	$107M
EBIT	$253M
EBITDA	$360M
EPS	-$3
EPS Diluted	-$3

Cash Flow Statement

Item	Amount
Net Income	$108M
Depreciation & Amortization	$107M
Stock-Based Compensation	$0
Deferred Income Tax	$21M
Other Non-Cash Items	$0
Change in Working Capital	$71M
OPERATING CASH FLOW	$307M
Capital Expenditure	-$338M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$710.0K
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$330M
Net Debt Issuance	$55M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$27M
NET CASH FROM FINANCING	$28M
FREE CASH FLOW	-$31M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$6M
Short-Term Investments	$0
Net Receivables	$165M
Inventory	$74M
Other Current Assets	$37M
TOTAL CURRENT ASSETS	$301M
PP&E (Net)	$2.9B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$19M
Tax Assets	$335M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$3.7B
TOTAL ASSETS	$4.0B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$44M
Other Current Liabilities	$64M
TOTAL CURRENT LIABILITIES	$275M
Long-Term Debt	$1.5B
Deferred Revenue NC	$90M
Deferred Tax Liabilities	$1.0B
Other Non-Current Liabilities	$140M
TOTAL NON-CURRENT LIABILITIES	$2.7B
TOTAL LIABILITIES	$3.0B
Common Stock	$49M
Additional Paid-In Capital	$482M
Retained Earnings	$538M
Treasury Stock	$0
Accum. Other Comp. Income	-$20M
Other Equity	$1.3B
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$4.0B
Total Debt	$1.5B
Net Debt	$1.5B