OGE FY 2021 Earnings Report — OGE Energy Corp. Revenue & Financial Results | Market Cap Arena

OGE Energy Corp.OGE

FY 2021 Earnings

Reported February 23, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$3.7B	—	$2.1B	—	72.2%
Op. Income	$544M	—	$522M	—	4.2%
Gross Margin	29.1%	—	47.8%	—	-18.7pp
Net Margin	20.2%	—	-8.2%	—	28.4pp
EPS (Diluted)	$3.68	—	$-0.87	—	523.0%
Free Cash Flow	-$1.0B	—	$62M	—	-1718.6%

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.6B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$519M
Operating Expenses	$519M
Cost & Expenses	$3.1B
OPERATING INCOME	$544M
Interest Income	$0
Interest Expense	$162M
Other Income/Expenses	$334M
INCOME BEFORE TAX	$879M
Income Tax Expense	$141M
Net Income from Continuing Ops	$737M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$737M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$737M
D&A	$416M
EBIT	$1.0B
EBITDA	$1.5B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.6B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$519M
Operating Expenses	$519M
Cost & Expenses	$3.1B
OPERATING INCOME	$544M
Interest Income	$0
Interest Expense	$162M
Other Income/Expenses	$334M
INCOME BEFORE TAX	$879M
Income Tax Expense	$141M
Net Income from Continuing Ops	$737M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$737M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$737M
D&A	$416M
EBIT	$1.0B
EBITDA	$1.5B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$737M
Depreciation & Amortization	$416M
Stock-Based Compensation	$10M
Deferred Income Tax	$126M
Other Non-Cash Items	-$1.3B
Change in Working Capital	-$191M
OPERATING CASH FLOW	-$230M
Capital Expenditure	-$779M
Acquisitions (Net)	$35M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$89M
NET CASH FROM INVESTING	-$833M
Net Debt Issuance	$1.4B
Common Stock Repurchased	$0
Common Dividends Paid	-$325M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	$1.1B
FREE CASH FLOW	-$1.0B
Net Change in Cash	-$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$382M
Inventory	$159M
Other Current Assets	$73M
TOTAL CURRENT ASSETS	$614M
PP&E (Net)	$10.0B
Goodwill	$0
Intangible Assets	$129M
Long-Term Investments	$785M
Tax Assets	$0
Other Non-Current Assets	$1.1B
TOTAL NON-CURRENT ASSETS	$12.0B
TOTAL ASSETS	$12.6B
Account Payables	$274M
Short-Term Debt	$487M
Deferred Revenue	$81M
Other Current Liabilities	$72M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$4.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.3B
Other Non-Current Liabilities	$1.6B
TOTAL NON-CURRENT LIABILITIES	$7.5B
TOTAL LIABILITIES	$8.6B
Common Stock	$1.1B
Additional Paid-In Capital	$0
Retained Earnings	$3.0B
Treasury Stock	-$100.0K
Accum. Other Comp. Income	-$25M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.1B
Minority Interest	$0
TOTAL EQUITY	$4.1B
TOTAL LIABILITIES & EQUITY	$12.6B
Total Debt	$5.0B
Net Debt	$5.0B