POR FY 2013 Earnings Report — Portland General Electric Company Revenue & Financial Results | Market Cap Arena

Portland General Electric CompanyPOR

FY 2013 Earnings

Reported February 13, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.8B	—	0.3%
Op. Income	$206M	—	$302M	—	-31.8%
Gross Margin	42.9%	—	48.1%	—	-5.2pp
Net Margin	5.8%	—	7.8%	—	-2.0pp
EPS (Diluted)	$1.35	—	$1.87	—	-27.8%
Free Cash Flow	-$112M	—	$191M	—	-158.6%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.0B
GROSS PROFIT	$776M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$219M
Other Expenses	$351M
Operating Expenses	$570M
Cost & Expenses	$1.6B
OPERATING INCOME	$206M
Interest Income	$0
Interest Expense	$101M
Other Income/Expenses	-$81M
INCOME BEFORE TAX	$125M
Income Tax Expense	$21M
Net Income from Continuing Ops	$104M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$105M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$105M
D&A	$248M
EBIT	$206M
EBITDA	$399M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.0B
GROSS PROFIT	$776M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$219M
Other Expenses	$351M
Operating Expenses	$570M
Cost & Expenses	$1.6B
OPERATING INCOME	$206M
Interest Income	$0
Interest Expense	$101M
Other Income/Expenses	-$81M
INCOME BEFORE TAX	$125M
Income Tax Expense	$21M
Net Income from Continuing Ops	$104M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$105M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$105M
D&A	$248M
EBIT	$206M
EBITDA	$399M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$105M
Depreciation & Amortization	$248M
Stock-Based Compensation	$0
Deferred Income Tax	$11M
Other Non-Cash Items	$112M
Change in Working Capital	$31M
OPERATING CASH FLOW	$544M
Capital Expenditure	-$656M
Acquisitions (Net)	$0
Purchases of Investments	-$26M
Sales/Maturities of Investments	$25M
Other Investing Activities	-$35M
NET CASH FROM INVESTING	-$692M
Net Debt Issuance	$263M
Common Stock Repurchased	$0
Common Dividends Paid	-$84M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	$243M
FREE CASH FLOW	-$112M
Net Change in Cash	$95M

Balance Sheet

Item	Amount
Cash & Equivalents	$107M
Short-Term Investments	$0
Net Receivables	$250M
Inventory	$65M
Other Current Assets	$131M
TOTAL CURRENT ASSETS	$591M
PP&E (Net)	$4.7B
Goodwill	$0
Intangible Assets	$216M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$630M
TOTAL NON-CURRENT ASSETS	$5.5B
TOTAL ASSETS	$6.1B
Account Payables	$173M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$151M
TOTAL CURRENT LIABILITIES	$393M
Long-Term Debt	$1.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$586M
Other Non-Current Liabilities	$1.4B
TOTAL NON-CURRENT LIABILITIES	$3.9B
TOTAL LIABILITIES	$4.3B
Common Stock	$911M
Additional Paid-In Capital	$0
Retained Earnings	$913M
Treasury Stock	$0
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$1M
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$6.1B
Total Debt	$1.9B
Net Debt	$1.8B