Q3 2020 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$641M-16.9% YoY

Gross Profit

$100M15.5% margin

Operating Income

$100M15.5% margin

Net Income

$66M10.2% margin

EPS (Diluted)

$0.59

QoQ Revenue Growth

+5.3%

Cash Flow

Operating Cash Flow

$115M

Free Cash Flow

$17M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$14.5B

Total Liabilities

$12.2B

Stockholders' Equity

$2.4B

Cash & Equivalents

$215M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$641M	$772M	-16.9%
Gross Profit	$100M	$97M	+2.3%
Operating Income	$100M	$97M	+2.3%
Net Income	$66M	$63M	+3.3%

Revenue Segments

Electric Energy Sales, Residential

$191M30%

Electric Energy Sales, Large Light And Power

$176M28%

Electric Energy Sales, Commercial

$171M27%

Bank Interest And Dividend Income

$60M9%

Regulatory Revenue

$15M2%

Bank Fees

$10M2%

Other Bank Noninterest Income

$9M1%

Electric Energy Sales, Other

$2M0%