Q3 2019 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$772M+0.5% YoY

Gross Profit

$97M12.6% margin

Operating Income

$97M12.6% margin

Net Income

$63M8.2% margin

EPS (Diluted)

$0.58

QoQ Revenue Growth

+7.8%

Cash Flow

Operating Cash Flow

$208M

Free Cash Flow

$105M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$13.5B

Total Liabilities

$11.2B

Stockholders' Equity

$2.3B

Cash & Equivalents

$177M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$772M	$768M	+0.5%
Gross Profit	$97M	$98M	-0.8%
Operating Income	$97M	$98M	-0.8%
Net Income	$63M	$66M	-3.8%

Revenue Segments

Electric Energy Sales, Large Light And Power

$248M32%

Electric Energy Sales, Commercial

$230M30%

Electric Energy Sales, Residential

$230M30%

Bank Interest And Dividend Income

$67M9%

Bank Fees

$12M2%

Other Bank Noninterest Income

$4M1%

Electric Energy Sales, Other

$4M1%

Regulatory Revenue

-$31M-4%