POR FY 2019 Earnings Report — Portland General Electric Company Revenue & Financial Results | Market Cap Arena

Portland General Electric CompanyPOR

FY 2019 Earnings

Reported February 13, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$2.1B	—	$2.0B	—	6.6%
Op. Income	$353M	—	$346M	—	2.0%
Gross Margin	55.9%	—	56.7%	—	-0.8pp
Net Margin	10.1%	—	10.6%	—	-0.6pp
EPS (Diluted)	$2.39	—	$2.37	—	0.8%
Free Cash Flow	-$60M	—	$35M	—	-271.4%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$937M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$295M
Other Expenses	$538M
Operating Expenses	$833M
Cost & Expenses	$1.8B
OPERATING INCOME	$353M
Interest Income	$0
Interest Expense	$128M
Other Income/Expenses	-$112M
INCOME BEFORE TAX	$241M
Income Tax Expense	$27M
Net Income from Continuing Ops	$214M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$214M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$214M
D&A	$409M
EBIT	$348M
EBITDA	$757M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$937M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$295M
Other Expenses	$538M
Operating Expenses	$833M
Cost & Expenses	$1.8B
OPERATING INCOME	$353M
Interest Income	$0
Interest Expense	$128M
Other Income/Expenses	-$112M
INCOME BEFORE TAX	$241M
Income Tax Expense	$27M
Net Income from Continuing Ops	$214M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$214M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$214M
D&A	$409M
EBIT	$348M
EBITDA	$757M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$214M
Depreciation & Amortization	$409M
Stock-Based Compensation	$0
Deferred Income Tax	$6M
Other Non-Cash Items	$29M
Change in Working Capital	-$112M
OPERATING CASH FLOW	$546M
Capital Expenditure	-$606M
Acquisitions (Net)	$606M
Purchases of Investments	-$8M
Sales/Maturities of Investments	$13M
Other Investing Activities	-$609M
NET CASH FROM INVESTING	-$604M
Net Debt Issuance	$120M
Common Stock Repurchased	$0
Common Dividends Paid	-$134M
Other Financing Activities	-$17M
NET CASH FROM FINANCING	-$31M
FREE CASH FLOW	-$60M
Net Change in Cash	-$89M

Balance Sheet

Item	Amount
Cash & Equivalents	$30M
Short-Term Investments	$0
Net Receivables	$253M
Inventory	$96M
Other Current Assets	$58M
TOTAL CURRENT ASSETS	$500M
PP&E (Net)	$6.8B
Goodwill	$0
Intangible Assets	$392M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$682M
TOTAL NON-CURRENT ASSETS	$7.9B
TOTAL ASSETS	$8.4B
Account Payables	$165M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$231M
TOTAL CURRENT LIABILITIES	$519M
Long-Term Debt	$2.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$378M
Other Non-Current Liabilities	$2.1B
TOTAL NON-CURRENT LIABILITIES	$5.3B
TOTAL LIABILITIES	$5.8B
Common Stock	$1.2B
Additional Paid-In Capital	$0
Retained Earnings	$1.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$0
TOTAL EQUITY	$2.6B
TOTAL LIABILITIES & EQUITY	$8.4B
Total Debt	$2.8B
Net Debt	$2.8B