POR FY 2011 Earnings Report — Portland General Electric Company Revenue & Financial Results | Market Cap Arena

Portland General Electric CompanyPOR

FY 2011 Earnings

Reported February 23, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.8B	—	1.7%
Op. Income	$610M	—	$651M	—	-6.3%
Gross Margin	51.1%	—	51.9%	—	-0.9pp
Net Margin	8.1%	—	7.0%	—	1.1pp
EPS (Diluted)	$1.95	—	$1.66	—	17.5%
Free Cash Flow	$153M	—	-$59M	—	359.3%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$887M
GROSS PROFIT	$926M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$218M
Other Expenses	$98M
Operating Expenses	$316M
Cost & Expenses	$1.2B
OPERATING INCOME	$610M
Interest Income	$0
Interest Expense	$110M
Other Income/Expenses	-$405M
INCOME BEFORE TAX	$205M
Income Tax Expense	$58M
Net Income from Continuing Ops	$147M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$147M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$147M
D&A	$227M
EBIT	$315M
EBITDA	$542M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$887M
GROSS PROFIT	$926M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$218M
Other Expenses	$98M
Operating Expenses	$316M
Cost & Expenses	$1.2B
OPERATING INCOME	$610M
Interest Income	$0
Interest Expense	$110M
Other Income/Expenses	-$405M
INCOME BEFORE TAX	$205M
Income Tax Expense	$58M
Net Income from Continuing Ops	$147M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$147M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$147M
D&A	$227M
EBIT	$315M
EBITDA	$542M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$147M
Depreciation & Amortization	$227M
Stock-Based Compensation	$0
Deferred Income Tax	$56M
Other Non-Cash Items	$28M
Change in Working Capital	-$5M
OPERATING CASH FLOW	$453M
Capital Expenditure	-$300M
Acquisitions (Net)	$0
Purchases of Investments	-$50M
Sales/Maturities of Investments	$46M
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$299M
Net Debt Issuance	-$69M
Common Stock Repurchased	$0
Common Dividends Paid	-$79M
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$152M
FREE CASH FLOW	$153M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$6M
Short-Term Investments	$0
Net Receivables	$257M
Inventory	$71M
Other Current Assets	$363M
TOTAL CURRENT ASSETS	$716M
PP&E (Net)	$4.3B
Goodwill	$0
Intangible Assets	$257M
Long-Term Investments	$73M
Tax Assets	$529M
Other Non-Current Assets	$65M
TOTAL NON-CURRENT ASSETS	$5.0B
TOTAL ASSETS	$5.7B
Account Payables	$111M
Short-Term Debt	$130M
Deferred Revenue	$151M
Other Current Liabilities	$329M
TOTAL CURRENT LIABILITIES	$614M
Long-Term Debt	$1.6B
Deferred Revenue NC	$1.0B
Deferred Tax Liabilities	$529M
Other Non-Current Liabilities	$273M
TOTAL NON-CURRENT LIABILITIES	$3.5B
TOTAL LIABILITIES	$4.1B
Common Stock	$836M
Additional Paid-In Capital	$1.7B
Retained Earnings	$833M
Treasury Stock	$0
Accum. Other Comp. Income	-$6M
Other Equity	-$1.7B
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$3M
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$5.7B
Total Debt	$1.8B
Net Debt	$1.8B