POR FY 2024 Earnings Report — Portland General Electric Company Revenue & Financial Results | Market Cap Arena

Portland General Electric CompanyPOR

FY 2024 Earnings

Reported February 13, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$3.4B	—	$2.9B	—	17.7%
Op. Income	$512M	—	$396M	—	29.3%
Gross Margin	46.1%	—	46.5%	—	-0.4pp
Net Margin	9.1%	—	7.8%	—	1.3pp
EPS (Diluted)	$3.01	—	$2.33	—	29.2%
Free Cash Flow	-$490M	—	-$938M	—	47.8%

Revenue Flow

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$1.9B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$395M
Other Expenses	$679M
Operating Expenses	$1.1B
Cost & Expenses	$2.9B
OPERATING INCOME	$512M
Interest Income	$0
Interest Expense	$211M
Other Income/Expenses	-$162M
INCOME BEFORE TAX	$350M
Income Tax Expense	$37M
Net Income from Continuing Ops	$313M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$313M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$313M
D&A	$496M
EBIT	$520M
EBITDA	$1.0B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$1.9B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$395M
Other Expenses	$679M
Operating Expenses	$1.1B
Cost & Expenses	$2.9B
OPERATING INCOME	$512M
Interest Income	$0
Interest Expense	$211M
Other Income/Expenses	-$162M
INCOME BEFORE TAX	$350M
Income Tax Expense	$37M
Net Income from Continuing Ops	$313M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$313M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$313M
D&A	$496M
EBIT	$520M
EBITDA	$1.0B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$313M
Depreciation & Amortization	$496M
Stock-Based Compensation	$0
Deferred Income Tax	$23M
Other Non-Cash Items	$70M
Change in Working Capital	-$124M
OPERATING CASH FLOW	$778M
Capital Expenditure	-$1.3B
Acquisitions (Net)	$0
Purchases of Investments	-$8M
Sales/Maturities of Investments	$0
Other Investing Activities	-$21M
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	$394M
Common Stock Repurchased	$0
Common Dividends Paid	-$200M
Other Financing Activities	-$14M
NET CASH FROM FINANCING	$526M
FREE CASH FLOW	-$490M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$12M
Short-Term Investments	$0
Net Receivables	$456M
Inventory	$114M
Other Current Assets	$362M
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$10.3B
Goodwill	$0
Intangible Assets	$361M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$862M
TOTAL NON-CURRENT ASSETS	$11.5B
TOTAL ASSETS	$12.5B
Account Payables	$365M
Short-Term Debt	$170M
Deferred Revenue	$0
Other Current Liabilities	$402M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$4.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$625M
Other Non-Current Liabilities	$2.1B
TOTAL NON-CURRENT LIABILITIES	$7.6B
TOTAL LIABILITIES	$8.8B
Common Stock	$2.1B
Additional Paid-In Capital	$0
Retained Earnings	$1.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.8B
Minority Interest	$0
TOTAL EQUITY	$3.8B
TOTAL LIABILITIES & EQUITY	$12.5B
Total Debt	$5.2B
Net Debt	$5.2B