ETI-P FY 2020 Earnings Report — Entergy Texas, Inc. Revenue & Financial Results | Market Cap Arena

Entergy Texas, Inc.ETI-P

FY 2020 Earnings

Reported February 26, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.5B	—	6.6%
Op. Income	$247M	—	$147M	—	68.5%
Gross Margin	37.0%	—	31.2%	—	5.8pp
Net Margin	13.6%	—	10.7%	—	2.8pp
EPS (Diluted)	$6.90	—	$0.81	—	751.9%
Free Cash Flow	-$521M	—	-$611M	—	14.9%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$999M
GROSS PROFIT	$588M
R&D Expenses	$0
Selling & Marketing	$24M
General & Administrative	$155M
SG&A Expenses	$554M
Other Expenses	$341M
Operating Expenses	$341M
Cost & Expenses	$1.3B
OPERATING INCOME	$247M
Interest Income	$1M
Interest Expense	$74M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$218M
Income Tax Expense	$3M
Net Income from Continuing Ops	$215M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$215M
Net Income Deductions	$2M
BOTTOM LINE NET INCOME	$213M
D&A	$178M
EBIT	$292M
EBITDA	$470M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$999M
GROSS PROFIT	$588M
R&D Expenses	$0
Selling & Marketing	$24M
General & Administrative	$155M
SG&A Expenses	$554M
Other Expenses	$341M
Operating Expenses	$341M
Cost & Expenses	$1.3B
OPERATING INCOME	$247M
Interest Income	$1M
Interest Expense	$74M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$218M
Income Tax Expense	$3M
Net Income from Continuing Ops	$215M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$215M
Net Income Deductions	$2M
BOTTOM LINE NET INCOME	$213M
D&A	$178M
EBIT	$292M
EBITDA	$470M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$215M
Depreciation & Amortization	$178M
Stock-Based Compensation	$17M
Deferred Income Tax	$36M
Other Non-Cash Items	$2.5B
Change in Working Capital	-$54M
OPERATING CASH FLOW	$375M
Capital Expenditure	-$896M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$1M
Other Investing Activities	$46M
NET CASH FROM INVESTING	-$849M
Net Debt Issuance	$570M
Common Stock Repurchased	$0
Common Dividends Paid	-$30M
Other Financing Activities	$171M
NET CASH FROM FINANCING	$709M
FREE CASH FLOW	-$521M
Net Change in Cash	$236M

Balance Sheet

Item	Amount
Cash & Equivalents	$249M
Short-Term Investments	$0
Net Receivables	$173M
Inventory	$110M
Other Current Assets	$36M
TOTAL CURRENT ASSETS	$588M
PP&E (Net)	$5.0B
Goodwill	$15M
Intangible Assets	$108M
Long-Term Investments	$20M
Tax Assets	$3M
Other Non-Current Assets	$595M
TOTAL NON-CURRENT ASSETS	$5.6B
TOTAL ASSETS	$6.2B
Account Payables	$0
Short-Term Debt	$200M
Deferred Revenue	$36M
Other Current Liabilities	$127M
TOTAL CURRENT LIABILITIES	$843M
Long-Term Debt	$2.3B
Deferred Revenue NC	$224M
Deferred Tax Liabilities	$649M
Other Non-Current Liabilities	$283M
TOTAL NON-CURRENT LIABILITIES	$3.2B
TOTAL LIABILITIES	$4.1B
Common Stock	$49M
Additional Paid-In Capital	$955M
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	$16M
Other Equity	$1.8B
TOTAL STOCKHOLDERS' EQUITY	$2.2B
Minority Interest	$0
TOTAL EQUITY	$2.2B
TOTAL LIABILITIES & EQUITY	$6.2B
Total Debt	$2.5B
Net Debt	$2.2B