Q1 2020 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$677M+2.4% YoY

Gross Profit

$60M8.8% margin

Operating Income

$60M8.8% margin

Net Income

$34M5.0% margin

EPS (Diluted)

$0.31

QoQ Revenue Growth

-6.7%

Cash Flow

Operating Cash Flow

$61M

Free Cash Flow

-$64M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$13.8B

Total Liabilities

$11.5B

Stockholders' Equity

$2.3B

Cash & Equivalents

$236M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$677M	$662M	+2.4%
Gross Profit	$60M	$78M	-23.4%
Operating Income	$60M	$78M	-23.4%
Net Income	$34M	$46M	-25.8%

Revenue Segments

Electric Energy Sales, Large Light And Power

$216M32%

Electric Energy Sales, Commercial

$197M29%

Electric Energy Sales, Residential

$190M28%

Bank Interest And Dividend Income

$65M10%

Bank Fees

$12M2%

Electric Energy Sales, Other

$3M1%

Other Bank Noninterest Income

$3M0%

Regulatory Revenue

-$15M-2%