POR FY 2020 Earnings Report — Portland General Electric Company Revenue & Financial Results | Market Cap Arena

Portland General Electric CompanyPOR

FY 2020 Earnings

Reported February 18, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$2.1B	—	$2.1B	—	1.0%
Op. Income	$269M	—	$353M	—	-23.8%
Gross Margin	53.3%	—	55.9%	—	-2.5pp
Net Margin	7.2%	—	10.1%	—	-2.9pp
EPS (Diluted)	$1.72	—	$2.39	—	-28.0%
Free Cash Flow	-$217M	—	-$60M	—	-261.7%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.0B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$288M
Other Expenses	$587M
Operating Expenses	$875M
Cost & Expenses	$1.9B
OPERATING INCOME	$269M
Interest Income	$0
Interest Expense	$136M
Other Income/Expenses	-$114M
INCOME BEFORE TAX	$155M
Income Tax Expense	$0
Net Income from Continuing Ops	$155M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$155M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$155M
D&A	$454M
EBIT	$264M
EBITDA	$718M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.0B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$288M
Other Expenses	$587M
Operating Expenses	$875M
Cost & Expenses	$1.9B
OPERATING INCOME	$269M
Interest Income	$0
Interest Expense	$136M
Other Income/Expenses	-$114M
INCOME BEFORE TAX	$155M
Income Tax Expense	$0
Net Income from Continuing Ops	$155M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$155M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$155M
D&A	$454M
EBIT	$264M
EBITDA	$718M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$155M
Depreciation & Amortization	$454M
Stock-Based Compensation	$0
Deferred Income Tax	-$23M
Other Non-Cash Items	$22M
Change in Working Capital	-$41M
OPERATING CASH FLOW	$567M
Capital Expenditure	-$784M
Acquisitions (Net)	$784M
Purchases of Investments	-$6M
Sales/Maturities of Investments	$9M
Other Investing Activities	-$790M
NET CASH FROM INVESTING	-$787M
Net Debt Issuance	$601M
Common Stock Repurchased	$0
Common Dividends Paid	-$140M
Other Financing Activities	-$14M
NET CASH FROM FINANCING	$447M
FREE CASH FLOW	-$217M
Net Change in Cash	$227M

Balance Sheet

Item	Amount
Cash & Equivalents	$257M
Short-Term Investments	$0
Net Receivables	$271M
Inventory	$72M
Other Current Assets	$64M
TOTAL CURRENT ASSETS	$721M
PP&E (Net)	$7.2B
Goodwill	$0
Intangible Assets	$365M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$765M
TOTAL NON-CURRENT ASSETS	$8.3B
TOTAL ASSETS	$9.1B
Account Payables	$153M
Short-Term Debt	$310M
Deferred Revenue	$0
Other Current Liabilities	$232M
TOTAL CURRENT LIABILITIES	$815M
Long-Term Debt	$2.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$374M
Other Non-Current Liabilities	$2.2B
TOTAL NON-CURRENT LIABILITIES	$5.6B
TOTAL LIABILITIES	$6.5B
Common Stock	$1.2B
Additional Paid-In Capital	$0
Retained Earnings	$1.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$0
TOTAL EQUITY	$2.6B
TOTAL LIABILITIES & EQUITY	$9.1B
Total Debt	$3.4B
Net Debt	$3.1B