POR FY 2015 Earnings Report — Portland General Electric Company Revenue & Financial Results | Market Cap Arena

Portland General Electric CompanyPOR

FY 2015 Earnings

Reported February 11, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.9B	—	-0.1%
Op. Income	$309M	—	$293M	—	5.5%
Gross Margin	51.2%	—	48.9%	—	2.2pp
Net Margin	9.1%	—	9.2%	—	-0.1pp
EPS (Diluted)	$2.04	—	$2.18	—	-6.4%
Free Cash Flow	-$81M	—	-$489M	—	83.4%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$927M
GROSS PROFIT	$971M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$241M
Other Expenses	$421M
Operating Expenses	$662M
Cost & Expenses	$1.6B
OPERATING INCOME	$309M
Interest Income	$0
Interest Expense	$114M
Other Income/Expenses	-$92M
INCOME BEFORE TAX	$217M
Income Tax Expense	$45M
Net Income from Continuing Ops	$172M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$172M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$172M
D&A	$305M
EBIT	$309M
EBITDA	$614M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$927M
GROSS PROFIT	$971M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$241M
Other Expenses	$421M
Operating Expenses	$662M
Cost & Expenses	$1.6B
OPERATING INCOME	$309M
Interest Income	$0
Interest Expense	$114M
Other Income/Expenses	-$92M
INCOME BEFORE TAX	$217M
Income Tax Expense	$45M
Net Income from Continuing Ops	$172M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$172M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$172M
D&A	$305M
EBIT	$309M
EBITDA	$614M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$172M
Depreciation & Amortization	$305M
Stock-Based Compensation	$0
Deferred Income Tax	$40M
Other Non-Cash Items	$102M
Change in Working Capital	-$30M
OPERATING CASH FLOW	$517M
Capital Expenditure	-$598M
Acquisitions (Net)	$47M
Purchases of Investments	-$19M
Sales/Maturities of Investments	$22M
Other Investing Activities	$26M
NET CASH FROM INVESTING	-$522M
Net Debt Issuance	-$291M
Common Stock Repurchased	$0
Common Dividends Paid	-$97M
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$121M
FREE CASH FLOW	-$81M
Net Change in Cash	-$123M

Balance Sheet

Item	Amount
Cash & Equivalents	$4M
Short-Term Investments	$0
Net Receivables	$253M
Inventory	$83M
Other Current Assets	$174M
TOTAL CURRENT ASSETS	$557M
PP&E (Net)	$5.7B
Goodwill	$0
Intangible Assets	$329M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$641M
TOTAL NON-CURRENT ASSETS	$6.7B
TOTAL ASSETS	$7.2B
Account Payables	$98M
Short-Term Debt	$139M
Deferred Revenue	$0
Other Current Liabilities	$313M
TOTAL CURRENT LIABILITIES	$626M
Long-Term Debt	$2.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$632M
Other Non-Current Liabilities	$1.6B
TOTAL NON-CURRENT LIABILITIES	$4.3B
TOTAL LIABILITIES	$5.0B
Common Stock	$1.2B
Additional Paid-In Capital	$0
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.3B
Minority Interest	$0
TOTAL EQUITY	$2.3B
TOTAL LIABILITIES & EQUITY	$7.2B
Total Debt	$2.2B
Net Debt	$2.2B