OGE FY 2008 Earnings Report — OGE Energy Corp. Revenue & Financial Results | Market Cap Arena

OGE Energy Corp.OGE

FY 2008 Earnings

Reported February 13, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$4.1B	—	$3.8B	—	7.2%
Op. Income	$462M	—	$455M	—	1.5%
Gross Margin	30.8%	—	30.6%	—	0.2pp
Net Margin	5.7%	—	6.4%	—	-0.7pp
EPS (Diluted)	$1.25	—	$1.32	—	-5.3%
Free Cash Flow	-$560M	—	-$229M	—	-144.1%

Revenue Flow

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.8B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$791M
Operating Expenses	$791M
Cost & Expenses	$3.6B
OPERATING INCOME	$462M
Interest Income	$7M
Interest Expense	$120M
Other Income/Expenses	-$124M
INCOME BEFORE TAX	$333M
Income Tax Expense	$101M
Net Income from Continuing Ops	$237M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$231M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$231M
D&A	$218M
EBIT	$459M
EBITDA	$676M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.8B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$791M
Operating Expenses	$791M
Cost & Expenses	$3.6B
OPERATING INCOME	$462M
Interest Income	$7M
Interest Expense	$120M
Other Income/Expenses	-$124M
INCOME BEFORE TAX	$333M
Income Tax Expense	$101M
Net Income from Continuing Ops	$237M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$231M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$231M
D&A	$218M
EBIT	$459M
EBITDA	$676M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$231M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$123M
Other Non-Cash Items	$91M
Change in Working Capital	-$49M
OPERATING CASH FLOW	$625M
Capital Expenditure	-$1.2B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$400.0K
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	$814M
Common Stock Repurchased	$0
Common Dividends Paid	-$128M
Other Financing Activities	$2M
NET CASH FROM FINANCING	$725M
FREE CASH FLOW	-$560M
Net Change in Cash	$166M

Balance Sheet

Item	Amount
Cash & Equivalents	$174M
Short-Term Investments	$0
Net Receivables	$335M
Inventory	$161M
Other Current Assets	$65M
TOTAL CURRENT ASSETS	$745M
PP&E (Net)	$5.2B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$42M
Tax Assets	$15M
Other Non-Current Assets	$467M
TOTAL NON-CURRENT ASSETS	$5.8B
TOTAL ASSETS	$6.5B
Account Payables	$280M
Short-Term Debt	$298M
Deferred Revenue	$0
Other Current Liabilities	$157M
TOTAL CURRENT LIABILITIES	$888M
Long-Term Debt	$2.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.0B
Other Non-Current Liabilities	-$3.2B
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$4.6B
Common Stock	$803M
Additional Paid-In Capital	$0
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$14M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$17M
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$6.5B
Total Debt	$2.5B
Net Debt	$2.3B