OGE FY 2022 Earnings Report — OGE Energy Corp. Revenue & Financial Results | Market Cap Arena

OGE Energy Corp.OGE

FY 2022 Earnings

Reported February 22, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$3.4B	—	$3.7B	—	-7.6%
Op. Income	$650M	—	$544M	—	19.3%
Gross Margin	35.9%	—	29.1%	—	6.8pp
Net Margin	19.7%	—	20.2%	—	-0.5pp
EPS (Diluted)	$3.32	—	$3.68	—	-9.8%
Free Cash Flow	-$99M	—	-$1.0B	—	90.2%

Revenue Flow

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$2.2B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$562M
Operating Expenses	$562M
Cost & Expenses	$2.7B
OPERATING INCOME	$650M
Interest Income	$0
Interest Expense	$166M
Other Income/Expenses	$140M
INCOME BEFORE TAX	$789M
Income Tax Expense	$124M
Net Income from Continuing Ops	$666M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$666M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$666M
D&A	$461M
EBIT	$956M
EBITDA	$1.4B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$2.2B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$562M
Operating Expenses	$562M
Cost & Expenses	$2.7B
OPERATING INCOME	$650M
Interest Income	$0
Interest Expense	$166M
Other Income/Expenses	$140M
INCOME BEFORE TAX	$789M
Income Tax Expense	$124M
Net Income from Continuing Ops	$666M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$666M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$666M
D&A	$461M
EBIT	$956M
EBITDA	$1.4B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$666M
Depreciation & Amortization	$461M
Stock-Based Compensation	$10M
Deferred Income Tax	-$154M
Other Non-Cash Items	$416M
Change in Working Capital	-$446M
OPERATING CASH FLOW	$952M
Capital Expenditure	-$1.1B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$1.1B
Other Investing Activities	-$113M
NET CASH FROM INVESTING	-$96M
Net Debt Issuance	-$438M
Common Stock Repurchased	$0
Common Dividends Paid	-$329M
Other Financing Activities	-$900.0K
NET CASH FROM FINANCING	-$768M
FREE CASH FLOW	-$99M
Net Change in Cash	$88M

Balance Sheet

Item	Amount
Cash & Equivalents	$88M
Short-Term Investments	$0
Net Receivables	$860M
Inventory	$289M
Other Current Assets	$104M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$10.7B
Goodwill	$0
Intangible Assets	$190M
Long-Term Investments	$106M
Tax Assets	$0
Other Non-Current Assets	$255M
TOTAL NON-CURRENT ASSETS	$11.2B
TOTAL ASSETS	$12.5B
Account Payables	$449M
Short-Term Debt	$1000M
Deferred Revenue	$89M
Other Current Liabilities	$87M
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$3.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.2B
Other Non-Current Liabilities	$1.5B
TOTAL NON-CURRENT LIABILITIES	$6.3B
TOTAL LIABILITIES	$8.1B
Common Stock	$1.1B
Additional Paid-In Capital	$0
Retained Earnings	$3.3B
Treasury Stock	-$100.0K
Accum. Other Comp. Income	-$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.4B
Minority Interest	$0
TOTAL EQUITY	$4.4B
TOTAL LIABILITIES & EQUITY	$12.5B
Total Debt	$4.5B
Net Debt	$4.5B