OGE FY 2023 Earnings Report — OGE Energy Corp. Revenue & Financial Results | Market Cap Arena

OGE Energy Corp.OGE

FY 2023 Earnings

Reported February 20, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$2.7B	—	$3.4B	—	-20.8%
Op. Income	$650M	—	$650M	—	0.1%
Gross Margin	47.1%	—	35.9%	—	11.2pp
Net Margin	15.6%	—	19.7%	—	-4.1pp
EPS (Diluted)	$2.07	—	$3.32	—	-37.7%
Free Cash Flow	$54M	—	-$99M	—	154.9%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$610M
Operating Expenses	$610M
Cost & Expenses	$2.0B
OPERATING INCOME	$650M
Interest Income	$0
Interest Expense	$229M
Other Income/Expenses	-$177M
INCOME BEFORE TAX	$473M
Income Tax Expense	$56M
Net Income from Continuing Ops	$417M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$417M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$417M
D&A	$507M
EBIT	$694M
EBITDA	$1.2B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$610M
Operating Expenses	$610M
Cost & Expenses	$2.0B
OPERATING INCOME	$650M
Interest Income	$0
Interest Expense	$229M
Other Income/Expenses	-$177M
INCOME BEFORE TAX	$473M
Income Tax Expense	$56M
Net Income from Continuing Ops	$417M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$417M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$417M
D&A	$507M
EBIT	$694M
EBITDA	$1.2B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$417M
Depreciation & Amortization	$507M
Stock-Based Compensation	$13M
Deferred Income Tax	$12M
Other Non-Cash Items	-$119M
Change in Working Capital	$403M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$1.2B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$94M
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	$287M
Common Stock Repurchased	$0
Common Dividends Paid	-$333M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$48M
FREE CASH FLOW	$54M
Net Change in Cash	-$88M

Balance Sheet

Item	Amount
Cash & Equivalents	$200.0K
Short-Term Investments	$0
Net Receivables	$300M
Inventory	$413M
Other Current Assets	$59M
TOTAL CURRENT ASSETS	$772M
PP&E (Net)	$11.4B
Goodwill	$0
Intangible Assets	$349M
Long-Term Investments	$114M
Tax Assets	$0
Other Non-Current Assets	$142M
TOTAL NON-CURRENT ASSETS	$12.0B
TOTAL ASSETS	$12.8B
Account Payables	$276M
Short-Term Debt	$499M
Deferred Revenue	$104M
Other Current Liabilities	$111M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$4.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.3B
Other Non-Current Liabilities	$1.4B
TOTAL NON-CURRENT LIABILITIES	$7.1B
TOTAL LIABILITIES	$8.3B
Common Stock	$1.1B
Additional Paid-In Capital	$0
Retained Earnings	$3.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.5B
Minority Interest	$0
TOTAL EQUITY	$4.5B
TOTAL LIABILITIES & EQUITY	$12.8B
Total Debt	$4.8B
Net Debt	$4.8B