POR FY 2017 Earnings Report — Portland General Electric Company Revenue & Financial Results | Market Cap Arena

Portland General Electric CompanyPOR

FY 2017 Earnings

Reported February 15, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$2.0B	—	$1.9B	—	4.5%
Op. Income	$380M	—	$340M	—	11.8%
Gross Margin	55.2%	—	53.0%	—	2.1pp
Net Margin	9.3%	—	10.0%	—	-0.7pp
EPS (Diluted)	$2.10	—	$2.16	—	-2.8%
Free Cash Flow	$83M	—	-$31M	—	367.7%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$901M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$267M
Other Expenses	$461M
Operating Expenses	$728M
Cost & Expenses	$1.6B
OPERATING INCOME	$380M
Interest Income	$0
Interest Expense	$120M
Other Income/Expenses	-$107M
INCOME BEFORE TAX	$273M
Income Tax Expense	$86M
Net Income from Continuing Ops	$187M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$187M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$187M
D&A	$345M
EBIT	$373M
EBITDA	$718M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$901M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$267M
Other Expenses	$461M
Operating Expenses	$728M
Cost & Expenses	$1.6B
OPERATING INCOME	$380M
Interest Income	$0
Interest Expense	$120M
Other Income/Expenses	-$107M
INCOME BEFORE TAX	$273M
Income Tax Expense	$86M
Net Income from Continuing Ops	$187M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$187M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$187M
D&A	$345M
EBIT	$373M
EBITDA	$718M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$187M
Depreciation & Amortization	$345M
Stock-Based Compensation	$0
Deferred Income Tax	$70M
Other Non-Cash Items	$21M
Change in Working Capital	-$26M
OPERATING CASH FLOW	$597M
Capital Expenditure	-$514M
Acquisitions (Net)	$0
Purchases of Investments	-$18M
Sales/Maturities of Investments	$21M
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$514M
Net Debt Issuance	$75M
Common Stock Repurchased	$0
Common Dividends Paid	-$118M
Other Financing Activities	-$7M
NET CASH FROM FINANCING	-$50M
FREE CASH FLOW	$83M
Net Change in Cash	$33M

Balance Sheet

Item	Amount
Cash & Equivalents	$39M
Short-Term Investments	$0
Net Receivables	$274M
Inventory	$78M
Other Current Assets	$85M
TOTAL CURRENT ASSETS	$526M
PP&E (Net)	$6.4B
Goodwill	$0
Intangible Assets	$311M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$571M
TOTAL NON-CURRENT ASSETS	$7.3B
TOTAL ASSETS	$7.8B
Account Payables	$132M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$213M
TOTAL CURRENT LIABILITIES	$432M
Long-Term Debt	$2.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$376M
Other Non-Current Liabilities	$2.5B
TOTAL NON-CURRENT LIABILITIES	$5.0B
TOTAL LIABILITIES	$5.4B
Common Stock	$1.2B
Additional Paid-In Capital	$0
Retained Earnings	$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.4B
Minority Interest	$0
TOTAL EQUITY	$2.4B
TOTAL LIABILITIES & EQUITY	$7.8B
Total Debt	$2.4B
Net Debt	$2.4B