POR FY 2006 Earnings Report — Portland General Electric Company Revenue & Financial Results | Market Cap Arena

Portland General Electric CompanyPOR

FY 2006 Earnings

Reported March 2, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$1.5B	—	—	—	—
Op. Income	$159M	—	—	—	—
Gross Margin	26.2%	—	—	—	—
Net Margin	4.7%	—	—	—	—
EPS (Diluted)	$1.14	—	—	—	—
Free Cash Flow	-$265M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.1B
GROSS PROFIT	$398M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$164M
Other Expenses	$75M
Operating Expenses	$239M
Cost & Expenses	$1.4B
OPERATING INCOME	$159M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$52M
INCOME BEFORE TAX	$107M
Income Tax Expense	$36M
Net Income from Continuing Ops	$71M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$71M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$71M
D&A	$219M
EBIT	$176M
EBITDA	$395M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.1B
GROSS PROFIT	$398M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$164M
Other Expenses	$75M
Operating Expenses	$239M
Cost & Expenses	$1.4B
OPERATING INCOME	$159M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$52M
INCOME BEFORE TAX	$107M
Income Tax Expense	$36M
Net Income from Continuing Ops	$71M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$71M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$71M
D&A	$219M
EBIT	$176M
EBITDA	$395M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$71M
Depreciation & Amortization	$219M
Stock-Based Compensation	$0
Deferred Income Tax	-$38M
Other Non-Cash Items	$30M
Change in Working Capital	-$176M
OPERATING CASH FLOW	$106M
Capital Expenditure	-$371M
Acquisitions (Net)	$6M
Purchases of Investments	-$37M
Sales/Maturities of Investments	$21M
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$380M
Net Debt Issuance	$194M
Common Stock Repurchased	$0
Common Dividends Paid	-$28M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	$164M
FREE CASH FLOW	-$265M
Net Change in Cash	-$110M

Balance Sheet

Item	Amount
Cash & Equivalents	$12M
Short-Term Investments	$0
Net Receivables	$265M
Inventory	$64M
Other Current Assets	$186M
TOTAL CURRENT ASSETS	$527M
PP&E (Net)	$2.7B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$22M
Other Non-Current Assets	$500M
TOTAL NON-CURRENT ASSETS	$3.2B
TOTAL ASSETS	$3.8B
Account Payables	$212M
Short-Term Debt	$147M
Deferred Revenue	$5M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$562M
Long-Term Debt	$937M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$258M
Other Non-Current Liabilities	$786M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$2.5B
Common Stock	$643M
Additional Paid-In Capital	$643M
Retained Earnings	$587M
Treasury Stock	$0
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$1.1B
Net Debt	$1.1B