POR FY 2012 Earnings Report — Portland General Electric Company Revenue & Financial Results | Market Cap Arena

Portland General Electric CompanyPOR

FY 2012 Earnings

Reported February 21, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.8B	—	-0.4%
Op. Income	$302M	—	$610M	—	-50.5%
Gross Margin	48.1%	—	51.1%	—	-3.0pp
Net Margin	7.8%	—	8.1%	—	-0.3pp
EPS (Diluted)	$1.87	—	$1.95	—	-4.1%
Free Cash Flow	$191M	—	$153M	—	24.8%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$937M
GROSS PROFIT	$868M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$216M
Other Expenses	$0
Operating Expenses	$552M
Cost & Expenses	$1.5B
OPERATING INCOME	$302M
Interest Income	$0
Interest Expense	$108M
Other Income/Expenses	-$98M
INCOME BEFORE TAX	$204M
Income Tax Expense	$64M
Net Income from Continuing Ops	$140M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$141M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$141M
D&A	$248M
EBIT	$302M
EBITDA	$495M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$937M
GROSS PROFIT	$868M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$216M
Other Expenses	$0
Operating Expenses	$552M
Cost & Expenses	$1.5B
OPERATING INCOME	$302M
Interest Income	$0
Interest Expense	$108M
Other Income/Expenses	-$98M
INCOME BEFORE TAX	$204M
Income Tax Expense	$64M
Net Income from Continuing Ops	$140M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$141M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$141M
D&A	$248M
EBIT	$302M
EBITDA	$495M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$141M
Depreciation & Amortization	$248M
Stock-Based Compensation	$0
Deferred Income Tax	$47M
Other Non-Cash Items	$26M
Change in Working Capital	$32M
OPERATING CASH FLOW	$494M
Capital Expenditure	-$303M
Acquisitions (Net)	$10M
Purchases of Investments	-$26M
Sales/Maturities of Investments	$23M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$294M
Net Debt Issuance	-$113M
Common Stock Repurchased	$0
Common Dividends Paid	-$81M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$194M
FREE CASH FLOW	$191M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$12M
Short-Term Investments	$0
Net Receivables	$249M
Inventory	$78M
Other Current Assets	$246M
TOTAL CURRENT ASSETS	$622M
PP&E (Net)	$4.2B
Goodwill	$0
Intangible Assets	$206M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	-$4.4B
TOTAL NON-CURRENT ASSETS	$5.0B
TOTAL ASSETS	$5.7B
Account Payables	$98M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$423M
TOTAL CURRENT LIABILITIES	$521M
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$588M
Other Non-Current Liabilities	$1.3B
TOTAL NON-CURRENT LIABILITIES	$3.4B
TOTAL LIABILITIES	$3.9B
Common Stock	$841M
Additional Paid-In Capital	$1.7B
Retained Earnings	$893M
Treasury Stock	$0
Accum. Other Comp. Income	-$6M
Other Equity	-$1.7B
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$2M
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$5.7B
Total Debt	$0
Net Debt	$0