POR FY 2014 Earnings Report — Portland General Electric Company Revenue & Financial Results | Market Cap Arena

Portland General Electric CompanyPOR

FY 2014 Earnings

Reported February 12, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.8B	—	5.0%
Op. Income	$293M	—	$206M	—	42.2%
Gross Margin	48.9%	—	42.9%	—	6.1pp
Net Margin	9.2%	—	5.8%	—	3.4pp
EPS (Diluted)	$2.18	—	$1.35	—	61.5%
Free Cash Flow	-$489M	—	-$112M	—	-336.6%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$970M
GROSS PROFIT	$930M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$227M
Other Expenses	$410M
Operating Expenses	$637M
Cost & Expenses	$1.6B
OPERATING INCOME	$293M
Interest Income	$0
Interest Expense	$96M
Other Income/Expenses	-$58M
INCOME BEFORE TAX	$235M
Income Tax Expense	$61M
Net Income from Continuing Ops	$174M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$175M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$175M
D&A	$301M
EBIT	$293M
EBITDA	$594M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$970M
GROSS PROFIT	$930M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$227M
Other Expenses	$410M
Operating Expenses	$637M
Cost & Expenses	$1.6B
OPERATING INCOME	$293M
Interest Income	$0
Interest Expense	$96M
Other Income/Expenses	-$58M
INCOME BEFORE TAX	$235M
Income Tax Expense	$61M
Net Income from Continuing Ops	$174M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$175M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$175M
D&A	$301M
EBIT	$293M
EBITDA	$594M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$175M
Depreciation & Amortization	$301M
Stock-Based Compensation	$0
Deferred Income Tax	$39M
Other Non-Cash Items	$22M
Change in Working Capital	-$17M
OPERATING CASH FLOW	$518M
Capital Expenditure	-$1.0B
Acquisitions (Net)	$8M
Purchases of Investments	-$19M
Sales/Maturities of Investments	$17M
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$994M
Net Debt Issuance	$585M
Common Stock Repurchased	$0
Common Dividends Paid	-$87M
Other Financing Activities	-$4M
NET CASH FROM FINANCING	$496M
FREE CASH FLOW	-$489M
Net Change in Cash	$20M

Balance Sheet

Item	Amount
Cash & Equivalents	$127M
Short-Term Investments	$0
Net Receivables	$242M
Inventory	$82M
Other Current Assets	$209M
TOTAL CURRENT ASSETS	$699M
PP&E (Net)	$5.4B
Goodwill	$0
Intangible Assets	$287M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$664M
TOTAL NON-CURRENT ASSETS	$6.3B
TOTAL ASSETS	$7.0B
Account Payables	$156M
Short-Term Debt	$375M
Deferred Revenue	$0
Other Current Liabilities	$265M
TOTAL CURRENT LIABILITIES	$873M
Long-Term Debt	$2.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$625M
Other Non-Current Liabilities	$1.5B
TOTAL NON-CURRENT LIABILITIES	$4.3B
TOTAL LIABILITIES	$5.1B
Common Stock	$918M
Additional Paid-In Capital	$0
Retained Earnings	$1.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$7.0B
Total Debt	$2.5B
Net Debt	$2.4B