POR FY 2018 Earnings Report — Portland General Electric Company Revenue & Financial Results | Market Cap Arena

Portland General Electric CompanyPOR

FY 2018 Earnings

Reported February 14, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$2.0B	—	$2.0B	—	-0.9%
Op. Income	$346M	—	$380M	—	-8.9%
Gross Margin	56.7%	—	55.2%	—	1.5pp
Net Margin	10.6%	—	9.3%	—	1.3pp
EPS (Diluted)	$2.37	—	$2.10	—	12.9%
Free Cash Flow	$35M	—	$83M	—	-57.8%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$863M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$282M
Other Expenses	$500M
Operating Expenses	$782M
Cost & Expenses	$1.6B
OPERATING INCOME	$346M
Interest Income	$0
Interest Expense	$124M
Other Income/Expenses	-$117M
INCOME BEFORE TAX	$229M
Income Tax Expense	$17M
Net Income from Continuing Ops	$212M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$212M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$212M
D&A	$382M
EBIT	$335M
EBITDA	$717M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$863M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$282M
Other Expenses	$500M
Operating Expenses	$782M
Cost & Expenses	$1.6B
OPERATING INCOME	$346M
Interest Income	$0
Interest Expense	$124M
Other Income/Expenses	-$117M
INCOME BEFORE TAX	$229M
Income Tax Expense	$17M
Net Income from Continuing Ops	$212M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$212M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$212M
D&A	$382M
EBIT	$335M
EBITDA	$717M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$212M
Depreciation & Amortization	$382M
Stock-Based Compensation	$0
Deferred Income Tax	-$17M
Other Non-Cash Items	$83M
Change in Working Capital	-$30M
OPERATING CASH FLOW	$630M
Capital Expenditure	-$595M
Acquisitions (Net)	$595M
Purchases of Investments	-$12M
Sales/Maturities of Investments	$15M
Other Investing Activities	-$474M
NET CASH FROM INVESTING	-$471M
Net Debt Issuance	$51M
Common Stock Repurchased	$0
Common Dividends Paid	-$125M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$79M
FREE CASH FLOW	$35M
Net Change in Cash	$80M

Balance Sheet

Item	Amount
Cash & Equivalents	$119M
Short-Term Investments	$0
Net Receivables	$289M
Inventory	$84M
Other Current Assets	$97M
TOTAL CURRENT ASSETS	$643M
PP&E (Net)	$6.5B
Goodwill	$0
Intangible Assets	$413M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$580M
TOTAL NON-CURRENT ASSETS	$7.5B
TOTAL ASSETS	$8.1B
Account Payables	$168M
Short-Term Debt	$304M
Deferred Revenue	$0
Other Current Liabilities	$224M
TOTAL CURRENT LIABILITIES	$791M
Long-Term Debt	$2.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$369M
Other Non-Current Liabilities	$2.2B
TOTAL NON-CURRENT LIABILITIES	$4.8B
TOTAL LIABILITIES	$5.6B
Common Stock	$1.2B
Additional Paid-In Capital	$0
Retained Earnings	$1.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$0
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$8.1B
Total Debt	$2.5B
Net Debt	$2.4B