POR FY 2016 Earnings Report — Portland General Electric Company Revenue & Financial Results | Market Cap Arena

Portland General Electric CompanyPOR

FY 2016 Earnings

Reported February 16, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.9B	—	1.3%
Op. Income	$340M	—	$309M	—	10.0%
Gross Margin	53.0%	—	51.2%	—	1.9pp
Net Margin	10.0%	—	9.1%	—	1.0pp
EPS (Diluted)	$2.16	—	$2.04	—	5.9%
Free Cash Flow	-$31M	—	-$81M	—	61.7%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$903M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$252M
Other Expenses	$428M
Operating Expenses	$680M
Cost & Expenses	$1.6B
OPERATING INCOME	$340M
Interest Income	$0
Interest Expense	$112M
Other Income/Expenses	-$97M
INCOME BEFORE TAX	$243M
Income Tax Expense	$50M
Net Income from Continuing Ops	$193M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$193M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$193M
D&A	$321M
EBIT	$328M
EBITDA	$649M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$903M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$252M
Other Expenses	$428M
Operating Expenses	$680M
Cost & Expenses	$1.6B
OPERATING INCOME	$340M
Interest Income	$0
Interest Expense	$112M
Other Income/Expenses	-$97M
INCOME BEFORE TAX	$243M
Income Tax Expense	$50M
Net Income from Continuing Ops	$193M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$193M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$193M
D&A	$321M
EBIT	$328M
EBITDA	$649M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$193M
Depreciation & Amortization	$321M
Stock-Based Compensation	$0
Deferred Income Tax	$37M
Other Non-Cash Items	$13M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$553M
Capital Expenditure	-$584M
Acquisitions (Net)	-$2M
Purchases of Investments	-$25M
Sales/Maturities of Investments	$27M
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$585M
Net Debt Issuance	$151M
Common Stock Repurchased	$0
Common Dividends Paid	-$110M
Other Financing Activities	-$7M
NET CASH FROM FINANCING	$34M
FREE CASH FLOW	-$31M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$6M
Short-Term Investments	$0
Net Receivables	$262M
Inventory	$82M
Other Current Assets	$65M
TOTAL CURRENT ASSETS	$463M
PP&E (Net)	$6.1B
Goodwill	$0
Intangible Assets	$315M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$630M
TOTAL NON-CURRENT ASSETS	$7.1B
TOTAL ASSETS	$7.5B
Account Payables	$129M
Short-Term Debt	$150M
Deferred Revenue	$0
Other Current Liabilities	$221M
TOTAL CURRENT LIABILITIES	$577M
Long-Term Debt	$2.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$669M
Other Non-Current Liabilities	$2.4B
TOTAL NON-CURRENT LIABILITIES	$4.6B
TOTAL LIABILITIES	$5.2B
Common Stock	$1.2B
Additional Paid-In Capital	$0
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.3B
Minority Interest	$0
TOTAL EQUITY	$2.3B
TOTAL LIABILITIES & EQUITY	$7.5B
Total Debt	$2.4B
Net Debt	$2.3B