OGE FY 2017 Earnings Report — OGE Energy Corp. Revenue & Financial Results | Market Cap Arena

OGE Energy Corp.OGE

FY 2017 Earnings

Reported February 21, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$2.3B	—	$2.3B	—	0.1%
Op. Income	$510M	—	$503M	—	1.4%
Gross Margin	40.0%	—	41.7%	—	-1.6pp
Net Margin	27.4%	—	15.0%	—	12.4pp
EPS (Diluted)	$3.10	—	$1.69	—	83.4%
Free Cash Flow	-$40M	—	-$15M	—	-157.1%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.4B
GROSS PROFIT	$905M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$22M
Other Expenses	$351M
Operating Expenses	$373M
Cost & Expenses	$1.7B
OPERATING INCOME	$510M
Interest Income	$0
Interest Expense	$162M
Other Income/Expenses	$38M
INCOME BEFORE TAX	$570M
Income Tax Expense	-$49M
Net Income from Continuing Ops	$619M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$619M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$619M
D&A	$284M
EBIT	$732M
EBITDA	$1.0B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.4B
GROSS PROFIT	$905M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$22M
Other Expenses	$351M
Operating Expenses	$373M
Cost & Expenses	$1.7B
OPERATING INCOME	$510M
Interest Income	$0
Interest Expense	$162M
Other Income/Expenses	$38M
INCOME BEFORE TAX	$570M
Income Tax Expense	-$49M
Net Income from Continuing Ops	$619M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$619M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$619M
D&A	$284M
EBIT	$732M
EBITDA	$1.0B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$619M
Depreciation & Amortization	$284M
Stock-Based Compensation	$9M
Deferred Income Tax	-$50M
Other Non-Cash Items	-$106M
Change in Working Capital	$29M
OPERATING CASH FLOW	$785M
Capital Expenditure	-$824M
Acquisitions (Net)	$2M
Purchases of Investments	-$9M
Sales/Maturities of Investments	$10M
Other Investing Activities	-$800.0K
NET CASH FROM INVESTING	-$822M
Net Debt Issuance	$299M
Common Stock Repurchased	-$100.0K
Common Dividends Paid	-$248M
Other Financing Activities	$0
NET CASH FROM FINANCING	$52M
FREE CASH FLOW	-$40M
Net Change in Cash	$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$14M
Short-Term Investments	$0
Net Receivables	$263M
Inventory	$165M
Other Current Assets	$55M
TOTAL CURRENT ASSETS	$497M
PP&E (Net)	$8.4B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.2B
Tax Assets	$0
Other Non-Current Assets	$339M
TOTAL NON-CURRENT ASSETS	$9.9B
TOTAL ASSETS	$10.4B
Account Payables	$230M
Short-Term Debt	$418M
Deferred Revenue	$81M
Other Current Liabilities	$66M
TOTAL CURRENT LIABILITIES	$951M
Long-Term Debt	$2.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.2B
Other Non-Current Liabilities	$1.6B
TOTAL NON-CURRENT LIABILITIES	$5.6B
TOTAL LIABILITIES	$6.6B
Common Stock	$1.1B
Additional Paid-In Capital	$1.1B
Retained Earnings	$2.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$23M
Other Equity	-$1.1B
TOTAL STOCKHOLDERS' EQUITY	$3.9B
Minority Interest	$0
TOTAL EQUITY	$3.9B
TOTAL LIABILITIES & EQUITY	$10.4B
Total Debt	$3.2B
Net Debt	$3.2B