Q2 2019 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$715M+4.4% YoY

Gross Profit

$73M10.2% margin

Operating Income

$73M10.2% margin

Net Income

$43M5.9% margin

EPS (Diluted)

$0.39

QoQ Revenue Growth

+8.1%

Cash Flow

Operating Cash Flow

$56M

Free Cash Flow

-$53M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$13.5B

Total Liabilities

$11.3B

Stockholders' Equity

$2.2B

Cash & Equivalents

$199M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$715M	$685M	+4.4%
Gross Profit	$73M	$79M	-7.8%
Operating Income	$73M	$79M	-7.8%
Net Income	$43M	$46M	-7.7%

Revenue Segments

Electric Energy Sales, Large Light And Power

$232M33%

Electric Energy Sales, Commercial

$217M31%

Electric Energy Sales, Residential

$196M28%

Bank Interest And Dividend Income

$66M9%

Bank Fees

$12M2%

Other Bank Noninterest Income

$4M1%

Electric Energy Sales, Other

$4M1%

Regulatory Revenue

-$20M-3%