POR FY 2021 Earnings Report — Portland General Electric Company Revenue & Financial Results | Market Cap Arena

Portland General Electric CompanyPOR

FY 2021 Earnings

Reported February 16, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.1B	—	11.7%
Op. Income	$378M	—	$269M	—	40.5%
Gross Margin	52.8%	—	53.3%	—	-0.6pp
Net Margin	10.2%	—	7.2%	—	3.0pp
EPS (Diluted)	$2.72	—	$1.72	—	58.1%
Free Cash Flow	-$104M	—	-$217M	—	52.1%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.1B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$341M
Other Expenses	$545M
Operating Expenses	$886M
Cost & Expenses	$2.0B
OPERATING INCOME	$378M
Interest Income	$0
Interest Expense	$137M
Other Income/Expenses	-$111M
INCOME BEFORE TAX	$267M
Income Tax Expense	$23M
Net Income from Continuing Ops	$244M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$244M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$244M
D&A	$404M
EBIT	$373M
EBITDA	$777M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.1B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$341M
Other Expenses	$545M
Operating Expenses	$886M
Cost & Expenses	$2.0B
OPERATING INCOME	$378M
Interest Income	$0
Interest Expense	$137M
Other Income/Expenses	-$111M
INCOME BEFORE TAX	$267M
Income Tax Expense	$23M
Net Income from Continuing Ops	$244M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$244M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$244M
D&A	$404M
EBIT	$373M
EBITDA	$777M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$244M
Depreciation & Amortization	$404M
Stock-Based Compensation	$0
Deferred Income Tax	$5M
Other Non-Cash Items	-$57M
Change in Working Capital	-$64M
OPERATING CASH FLOW	$532M
Capital Expenditure	-$636M
Acquisitions (Net)	$636M
Purchases of Investments	-$10M
Sales/Maturities of Investments	$12M
Other Investing Activities	-$658M
NET CASH FROM INVESTING	-$656M
Net Debt Issuance	$90M
Common Stock Repurchased	-$12M
Common Dividends Paid	-$150M
Other Financing Activities	-$9M
NET CASH FROM FINANCING	-$81M
FREE CASH FLOW	-$104M
Net Change in Cash	-$205M

Balance Sheet

Item	Amount
Cash & Equivalents	$52M
Short-Term Investments	$0
Net Receivables	$329M
Inventory	$78M
Other Current Assets	$163M
TOTAL CURRENT ASSETS	$688M
PP&E (Net)	$7.7B
Goodwill	$0
Intangible Assets	$348M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$776M
TOTAL NON-CURRENT ASSETS	$8.8B
TOTAL ASSETS	$9.5B
Account Payables	$244M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$404M
TOTAL CURRENT LIABILITIES	$768M
Long-Term Debt	$3.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2.4B
TOTAL NON-CURRENT LIABILITIES	$6.0B
TOTAL LIABILITIES	$6.8B
Common Stock	$1.2B
Additional Paid-In Capital	$0
Retained Earnings	$1.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$0
TOTAL EQUITY	$2.7B
TOTAL LIABILITIES & EQUITY	$9.5B
Total Debt	$3.6B
Net Debt	$3.6B