Q1 2018 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$646M+9.2% YoY

Gross Profit

$72M11.1% margin

Operating Income

$72M11.1% margin

Net Income

$40M6.2% margin

EPS (Diluted)

$0.37

QoQ Revenue Growth

-1.9%

Cash Flow

Operating Cash Flow

$35M

Free Cash Flow

-$99M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$12.7B

Total Liabilities

$10.6B

Stockholders' Equity

$2.1B

Cash & Equivalents

$245M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$646M	$592M	+9.2%
Gross Profit	$72M	$68M	+5.9%
Operating Income	$72M	$68M	+5.9%
Net Income	$40M	$34M	+17.7%

Revenue Segments

Electric Energy Sales, Large Light And Power

$192M30%

Electric Energy Sales, Commercial

$189M29%

Electric Energy Sales, Residential

$179M28%

Bank Interest And Dividend Income

$62M10%

Bank Fees

$11M2%

Regulatory Revenue

$5M1%

Electric Energy Sales, Other

$3M1%

Other Bank Noninterest Income

$2M0%