POR FY 2010 Earnings Report — Portland General Electric Company Revenue & Financial Results | Market Cap Arena

Portland General Electric CompanyPOR

FY 2010 Earnings

Reported February 24, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.8B	—	-1.2%
Op. Income	$651M	—	$388M	—	67.8%
Gross Margin	51.9%	—	36.1%	—	15.8pp
Net Margin	7.0%	—	5.3%	—	1.7pp
EPS (Diluted)	$1.66	—	$1.31	—	26.7%
Free Cash Flow	-$59M	—	-$310M	—	81.0%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$857M
GROSS PROFIT	$926M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$186M
Other Expenses	$89M
Operating Expenses	$275M
Cost & Expenses	$1.1B
OPERATING INCOME	$651M
Interest Income	$0
Interest Expense	$110M
Other Income/Expenses	-$477M
INCOME BEFORE TAX	$174M
Income Tax Expense	$53M
Net Income from Continuing Ops	$121M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$125M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$125M
D&A	$238M
EBIT	$284M
EBITDA	$522M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$857M
GROSS PROFIT	$926M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$186M
Other Expenses	$89M
Operating Expenses	$275M
Cost & Expenses	$1.1B
OPERATING INCOME	$651M
Interest Income	$0
Interest Expense	$110M
Other Income/Expenses	-$477M
INCOME BEFORE TAX	$174M
Income Tax Expense	$53M
Net Income from Continuing Ops	$121M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$125M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$125M
D&A	$238M
EBIT	$284M
EBITDA	$522M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$125M
Depreciation & Amortization	$238M
Stock-Based Compensation	$0
Deferred Income Tax	$67M
Other Non-Cash Items	-$56M
Change in Working Capital	$44M
OPERATING CASH FLOW	$391M
Capital Expenditure	-$450M
Acquisitions (Net)	$0
Purchases of Investments	-$46M
Sales/Maturities of Investments	$69M
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$430M
Net Debt Issuance	$82M
Common Stock Repurchased	$0
Common Dividends Paid	-$78M
Other Financing Activities	$8M
NET CASH FROM FINANCING	$12M
FREE CASH FLOW	-$59M
Net Change in Cash	-$27M

Balance Sheet

Item	Amount
Cash & Equivalents	$4M
Short-Term Investments	$0
Net Receivables	$252M
Inventory	$56M
Other Current Assets	$266M
TOTAL CURRENT ASSETS	$661M
PP&E (Net)	$4.1B
Goodwill	$0
Intangible Assets	$252M
Long-Term Investments	$78M
Tax Assets	$445M
Other Non-Current Assets	$75M
TOTAL NON-CURRENT ASSETS	$4.8B
TOTAL ASSETS	$5.5B
Account Payables	$102M
Short-Term Debt	$29M
Deferred Revenue	$0
Other Current Liabilities	$213M
TOTAL CURRENT LIABILITIES	$489M
Long-Term Debt	$1.8B
Deferred Revenue NC	$894M
Deferred Tax Liabilities	$445M
Other Non-Current Liabilities	$266M
TOTAL NON-CURRENT LIABILITIES	$3.4B
TOTAL LIABILITIES	$3.9B
Common Stock	$831M
Additional Paid-In Capital	$831M
Retained Earnings	$766M
Treasury Stock	$0
Accum. Other Comp. Income	-$5M
Other Equity	-$831M
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$7M
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$5.5B
Total Debt	$1.8B
Net Debt	$1.8B