MDU FY 2020 Earnings Report — MDU Resources Group, Inc. Revenue & Financial Results | Market Cap Arena

MDU Resources Group, Inc.MDU

FY 2020 Earnings

Reported February 19, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$5.5B	—	$5.3B	—	3.7%
Op. Income	$545M	—	$481M	—	13.2%
Gross Margin	18.9%	—	17.5%	—	1.4pp
Net Margin	7.1%	—	6.3%	—	0.8pp
EPS (Diluted)	$1.95	—	$1.69	—	15.4%
Free Cash Flow	$210M	—	-$34M	—	722.7%

Revenue Flow

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$4.5B
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$502M
Operating Expenses	$502M
Cost & Expenses	$5.0B
OPERATING INCOME	$545M
Interest Income	$0
Interest Expense	$97M
Other Income/Expenses	-$70M
INCOME BEFORE TAX	$475M
Income Tax Expense	$85M
Net Income from Continuing Ops	$391M
Net Income from Discontinued Ops	-$322.0K
Other Adjustments	$0
NET INCOME	$390M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$390M
D&A	$285M
EBIT	$572M
EBITDA	$857M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$4.5B
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$502M
Operating Expenses	$502M
Cost & Expenses	$5.0B
OPERATING INCOME	$545M
Interest Income	$0
Interest Expense	$97M
Other Income/Expenses	-$70M
INCOME BEFORE TAX	$475M
Income Tax Expense	$85M
Net Income from Continuing Ops	$391M
Net Income from Discontinued Ops	-$322.0K
Other Adjustments	$0
NET INCOME	$390M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$390M
D&A	$285M
EBIT	$572M
EBITDA	$857M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$391M
Depreciation & Amortization	$0
Stock-Based Compensation	$13M
Deferred Income Tax	-$2M
Other Non-Cash Items	$293M
Change in Working Capital	$73M
OPERATING CASH FLOW	$768M
Capital Expenditure	-$558M
Acquisitions (Net)	-$106M
Purchases of Investments	-$2M
Sales/Maturities of Investments	$0
Other Investing Activities	$36M
NET CASH FROM INVESTING	-$630M
Net Debt Issuance	$19M
Common Stock Repurchased	$0
Common Dividends Paid	-$166M
Other Financing Activities	-$839.0K
NET CASH FROM FINANCING	-$145M
FREE CASH FLOW	$210M
Net Change in Cash	-$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$60M
Short-Term Investments	$0
Net Receivables	$874M
Inventory	$291M
Other Current Assets	$69M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$5.3B
Goodwill	$715M
Intangible Assets	$25M
Long-Term Investments	$165M
Tax Assets	$0
Other Non-Current Assets	$523M
TOTAL NON-CURRENT ASSETS	$6.7B
TOTAL ASSETS	$8.1B
Account Payables	$426M
Short-Term Debt	$52M
Deferred Revenue	$0
Other Current Liabilities	$122M
TOTAL CURRENT LIABILITIES	$964M
Long-Term Debt	$2.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$516M
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$4.0B
TOTAL LIABILITIES	$5.0B
Common Stock	$201M
Additional Paid-In Capital	$1.4B
Retained Earnings	$1.6B
Treasury Stock	-$4M
Accum. Other Comp. Income	-$48M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.1B
Minority Interest	$0
TOTAL EQUITY	$3.1B
TOTAL LIABILITIES & EQUITY	$8.1B
Total Debt	$2.4B
Net Debt	$2.3B