Q1 2019 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$662M+2.4% YoY

Gross Profit

$78M11.8% margin

Operating Income

$78M11.8% margin

Net Income

$46M6.9% margin

EPS (Diluted)

$0.42

QoQ Revenue Growth

-13.1%

Cash Flow

Operating Cash Flow

$77M

Free Cash Flow

-$43M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$13.4B

Total Liabilities

$11.1B

Stockholders' Equity

$2.2B

Cash & Equivalents

$186M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$662M	$646M	+2.4%
Gross Profit	$78M	$72M	+8.4%
Operating Income	$78M	$72M	+8.4%
Net Income	$46M	$40M	+13.5%

Revenue Segments

Electric Energy Sales, Large Light And Power

$199M30%

Electric Energy Sales, Commercial

$187M29%

Electric Energy Sales, Residential

$176M27%

Bank Interest And Dividend Income

$68M10%

Bank Fees

$11M2%

Regulatory Revenue

$6M1%

Electric Energy Sales, Other

$4M1%

Other Bank Noninterest Income

$3M1%