ETI-P FY 2017 Earnings Report — Entergy Texas, Inc. Revenue & Financial Results | Market Cap Arena

Entergy Texas, Inc.ETI-P

FY 2017 Earnings

Reported February 26, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.6B	—	-4.4%
Op. Income	$199M	—	$246M	—	-18.8%
Gross Margin	31.0%	—	31.3%	—	-0.4pp
Net Margin	4.9%	—	6.7%	—	-1.7pp
EPS (Diluted)	$2.28	—	$-3.26	—	169.9%
Free Cash Flow	-$47M	—	-$31M	—	-48.7%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.1B
GROSS PROFIT	$478M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$193.0K
Operating Expenses	$279M
Cost & Expenses	$1.3B
OPERATING INCOME	$199M
Interest Income	$981.0K
Interest Expense	$83M
Other Income/Expenses	-$75M
INCOME BEFORE TAX	$125M
Income Tax Expense	$48M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$76M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$76M
D&A	$118M
EBIT	$207M
EBITDA	$325M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.1B
GROSS PROFIT	$478M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$193.0K
Operating Expenses	$279M
Cost & Expenses	$1.3B
OPERATING INCOME	$199M
Interest Income	$981.0K
Interest Expense	$83M
Other Income/Expenses	-$75M
INCOME BEFORE TAX	$125M
Income Tax Expense	$48M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$76M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$76M
D&A	$118M
EBIT	$207M
EBITDA	$325M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$76M
Depreciation & Amortization	$118M
Stock-Based Compensation	$0
Deferred Income Tax	$42M
Other Non-Cash Items	$0
Change in Working Capital	$66M
OPERATING CASH FLOW	$301M
Capital Expenditure	-$348M
Acquisitions (Net)	$0
Purchases of Investments	-$232.0K
Sales/Maturities of Investments	$0
Other Investing Activities	-$35M
NET CASH FROM INVESTING	-$383M
Net Debt Issuance	$77M
Common Stock Repurchased	$0
Common Dividends Paid	-$107M
Other Financing Activities	$221M
NET CASH FROM FINANCING	$191M
FREE CASH FLOW	-$47M
Net Change in Cash	$109M

Balance Sheet

Item	Amount
Cash & Equivalents	$116M
Short-Term Investments	$0
Net Receivables	$225M
Inventory	$81M
Other Current Assets	$38M
TOTAL CURRENT ASSETS	$479M
PP&E (Net)	$3.1B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$20M
Tax Assets	$283M
Other Non-Current Assets	$27M
TOTAL NON-CURRENT ASSETS	$3.8B
TOTAL ASSETS	$4.3B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$41M
Other Current Liabilities	$75M
TOTAL CURRENT LIABILITIES	$373M
Long-Term Debt	$1.6B
Deferred Revenue NC	$454M
Deferred Tax Liabilities	$557M
Other Non-Current Liabilities	$503M
TOTAL NON-CURRENT LIABILITIES	$2.6B
TOTAL LIABILITIES	$3.0B
Common Stock	$49M
Additional Paid-In Capital	$597M
Retained Earnings	$614M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$614M
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$4.3B
Total Debt	$1.6B
Net Debt	$1.5B