Q2 2018 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$685M+8.4% YoY

Gross Profit

$79M11.5% margin

Operating Income

$79M11.5% margin

Net Income

$46M6.7% margin

EPS (Diluted)

$0.42

QoQ Revenue Growth

+6.1%

Cash Flow

Operating Cash Flow

$74M

Free Cash Flow

-$53M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$12.9B

Total Liabilities

$10.7B

Stockholders' Equity

$2.1B

Cash & Equivalents

$255M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$685M	$632M	+8.4%
Gross Profit	$79M	$76M	+3.8%
Operating Income	$79M	$76M	+3.8%
Net Income	$46M	$39M	+19.1%

Revenue Segments

Electric Energy Sales, Large Light And Power

$215M31%

Electric Energy Sales, Commercial

$206M30%

Electric Energy Sales, Residential

$185M27%

Bank Interest And Dividend Income

$63M9%

Bank Fees

$12M2%

Electric Energy Sales, Other

$3M0%

Other Bank Noninterest Income

$2M0%

Regulatory Revenue

-$5M-1%