Q3 2018 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$768M+14.1% YoY

Gross Profit

$98M12.8% margin

Operating Income

$98M12.8% margin

Net Income

$66M8.6% margin

EPS (Diluted)

$0.60

QoQ Revenue Growth

+12.1%

Cash Flow

Operating Cash Flow

$149M

Free Cash Flow

$4M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$12.9B

Total Liabilities

$10.7B

Stockholders' Equity

$2.2B

Cash & Equivalents

$172M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$768M	$673M	+14.1%
Gross Profit	$98M	$110M	-10.5%
Operating Income	$98M	$110M	-10.5%
Net Income	$66M	$60M	+9.7%

Revenue Segments

Electric Energy Sales, Large Light And Power

$242M32%

Electric Energy Sales, Commercial

$229M30%

Electric Energy Sales, Residential

$222M29%

Bank Interest And Dividend Income

$65M9%

Bank Fees

$12M2%

Other Bank Noninterest Income

$4M0%

Electric Energy Sales, Other

$3M0%

Regulatory Revenue

-$14M-2%