2022 Q1 Form 10-Q Financial Statement

#000006598422000064 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $2.878B $2.845B
YoY Change 1.16% 17.21%
Cost Of Revenue $312.6M $423.5M
YoY Change -26.18% 58.73%
Gross Profit $2.565B $2.421B
YoY Change 5.95% 12.08%
Gross Profit Margin 89.14% 85.11%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $561.7M $580.6M
YoY Change -3.25% 2.11%
% of Gross Profit 21.9% 23.98%
Operating Expenses $1.998B $1.910B
YoY Change 4.63% 8.8%
Operating Profit $566.1M $508.0M
YoY Change 11.43% 27.08%
Interest Expense $221.5M $199.9M
YoY Change 10.83% 5.12%
% of Operating Profit 39.13% 39.35%
Other Income/Expense, Net $1.556M $96.96M
YoY Change -98.4% -161.56%
Pretax Income $346.1M $405.1M
YoY Change -14.56% 677.52%
Income Tax $66.50M $65.94M
% Of Pretax Income 19.21% 16.28%
Net Earnings $279.6M $339.1M
YoY Change -17.56% 175.07%
Net Earnings / Revenue 9.72% 11.92%
Basic Earnings Per Share $1.36 $1.67
Diluted Earnings Per Share $1.36 $1.66
COMMON SHARES
Basic Shares Outstanding 202.9M shares 200.5M shares
Diluted Shares Outstanding 203.9M shares 201.1M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $701.6M $1.743B
YoY Change -59.75% 19.06%
Cash & Equivalents $701.6M $1.743B
Short-Term Investments $625.4M $1.675B
Other Short-Term Assets $1.122B $1.004B
YoY Change 11.76% 24.72%
Inventory $1.206B $1.119B
Prepaid Expenses
Receivables $1.215B $1.338B
Other Receivables $171.9M $159.0M
Total Short-Term Assets $3.839B $4.789B
YoY Change -19.83% 20.5%
LONG-TERM ASSETS
Property, Plant & Equipment $357.1M $355.8M
YoY Change 0.36% 6.12%
Goodwill $377.2M $377.2M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $359.3M $332.6M
YoY Change 8.04% -1.92%
Total Long-Term Assets $55.99B $53.88B
YoY Change 3.93% 10.91%
TOTAL ASSETS
Total Short-Term Assets $3.839B $4.789B
Total Long-Term Assets $55.99B $53.88B
Total Assets $59.83B $58.67B
YoY Change 1.99% 11.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.741B $1.697B
YoY Change 2.58% 12.97%
Accrued Expenses $284.3M $472.0M
YoY Change -39.78% 7.03%
Deferred Revenue $402.6M $391.0M
YoY Change 2.96% -4.35%
Short-Term Debt $1.343B $1.028B
YoY Change 30.67% -47.08%
Long-Term Debt Due $1.039B $629.0M
YoY Change 65.23% -48.86%
Total Short-Term Liabilities $5.363B $4.512B
YoY Change 18.87% -25.03%
LONG-TERM LIABILITIES
Long-Term Debt $26.18B $24.08B
YoY Change 8.73% 32.08%
Other Long-Term Liabilities $11.29B $14.02B
YoY Change -19.48% 5.91%
Total Long-Term Liabilities $42.47B $42.88B
YoY Change -0.96% 18.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.363B $4.512B
Total Long-Term Liabilities $42.47B $42.88B
Total Liabilities $47.84B $47.40B
YoY Change 0.93% 12.64%
SHAREHOLDERS EQUITY
Retained Earnings $10.31B $10.04B
YoY Change 2.7% 9.26%
Common Stock $6.738B $6.523B
YoY Change 3.3% 0.14%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.003B $5.046B
YoY Change -0.85% -0.68%
Treasury Stock Shares 68.81M shares 69.40M shares
Shareholders Equity $11.71B $11.02B
YoY Change
Total Liabilities & Shareholders Equity $59.83B $58.67B
YoY Change 1.99% 11.63%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $279.6M $339.1M
YoY Change -17.56% 175.07%
Depreciation, Depletion And Amortization $561.7M $580.6M
YoY Change -3.25% 2.11%
Cash From Operating Activities $538.0M -$49.57M
YoY Change -1185.37% -107.52%
INVESTING ACTIVITIES
Capital Expenditures -$1.585B -$1.600B
YoY Change -0.94% 38.7%
Acquisitions
YoY Change
Other Investing Activities $11.86M -$12.52M
YoY Change -194.74% 452.8%
Cash From Investing Activities -$1.551B -$1.513B
YoY Change 2.51% 44.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.224B $1.346B
YoY Change -9.07% -16.62%
Cash From Financing Activities $1.272B $1.546B
YoY Change -17.73% 8.55%
NET CHANGE
Cash From Operating Activities $538.0M -$49.57M
Cash From Investing Activities -$1.551B -$1.513B
Cash From Financing Activities $1.272B $1.546B
Net Change In Cash $259.0M -$16.44M
YoY Change -1675.33% -101.58%
FREE CASH FLOW
Cash From Operating Activities $538.0M -$49.57M
Capital Expenditures -$1.585B -$1.600B
Free Cash Flow $2.123B $1.550B
YoY Change 36.92% -14.47%

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CY2022Q1 etr Amortization Of Gains Losses Pre Tax
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-13925000 USD
CY2022Q1 etr Recognized Net Gain Loss Due To Settlements Pre Tax
RecognizedNetGainLossDueToSettlementsPreTax
-782000 USD
CY2022Q1 etr Pensionand Other Postretirement Costs Reclassification Out Of Accumulated Other Comprehensive Income Before Tax
PensionandOtherPostretirementCostsReclassificationOutOfAccumulatedOtherComprehensiveIncomeBeforeTax
-10870000 USD
CY2021Q1 etr Amortization Of Prior Service Cost Credit Pre Tax
AmortizationOfPriorServiceCostCreditPreTax
-5248000 USD
CY2021Q1 etr Amortization Of Gains Losses Pre Tax
AmortizationOfGainsLossesPreTax
-34529000 USD
CY2021Q1 etr Pensionand Other Postretirement Costs Reclassification Out Of Accumulated Other Comprehensive Income Before Tax
PensionandOtherPostretirementCostsReclassificationOutOfAccumulatedOtherComprehensiveIncomeBeforeTax
-29281000 USD
CY2022Q1 us-gaap Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
200000000 USD
CY2022Q1 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
67900000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2877925000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
66497000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
339145000 USD
CY2022Q1 us-gaap Profit Loss
ProfitLoss
279593000 USD
CY2022Q1 us-gaap Assets
Assets
59833526000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2844838000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
65942000 USD
CY2021Q4 us-gaap Assets
Assets
59454242000 USD
CY2022Q1 etr Volume Of Natural Gas Swaps Outstanding
VolumeOfNaturalGasSwapsOutstanding
37339100 MMBTU
CY2022Q1 etr Volumeof Financial Transmission Rights Outstanding
VolumeofFinancialTransmissionRightsOutstanding
23303 GWh
CY2021Q1 etr Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Tax
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionTax
8000000 USD
CY2022Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
625000000 USD
CY2022Q1 etr Securitization Recovery Trust Account
SecuritizationRecoveryTrustAccount
15000000 USD
CY2022Q1 us-gaap Replacement Reserve Escrow
ReplacementReserveEscrow
49000000 USD
CY2022Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
5965000000 USD
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
398000000 USD
CY2021Q4 etr Securitization Recovery Trust Account
SecuritizationRecoveryTrustAccount
29000000 USD
CY2021Q4 us-gaap Replacement Reserve Escrow
ReplacementReserveEscrow
49000000 USD
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
6005000000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
3200000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
400000 USD
CY2021Q1 etr Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assetand Liability Unrealized Gains Loss Includedin Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetandLiabilityUnrealizedGainsLossIncludedinEarnings
700000 USD
CY2022Q1 us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
175000000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
2153000000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
2125000000 USD
CY2022Q1 etr Average Coupon Rate Of Debt Securities Percentage
AverageCouponRateOfDebtSecuritiesPercentage
0.0277
CY2022Q1 etr Average Durationof Debt Securitiesin Years
AverageDurationofDebtSecuritiesinYears
P6Y7M17D
CY2022Q1 etr Average Maturityof Debt Securities Years
AverageMaturityofDebtSecuritiesYears
P10Y4M24D
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
76000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
0 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
692000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
473000000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
600000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
655000000 USD
CY2022Q1 etr Available For Sale Securities Debt Maturities After Ten To Fifteen Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenToFifteenYearsFairValue
150000000 USD
CY2021Q4 etr Available For Sale Securities Debt Maturities After Ten To Fifteen Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenToFifteenYearsFairValue
389000000 USD
CY2022Q1 etr Available For Sale Securities Debt Maturities After Fifteen To Twenty Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenToTwentyYearsFairValue
158000000 USD
CY2021Q4 etr Available For Sale Securities Debt Maturities After Fifteen To Twenty Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenToTwentyYearsFairValue
130000000 USD
CY2022Q1 etr Available For Sale Securities Debt Maturities After Twenty Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue
394000000 USD
CY2021Q4 etr Available For Sale Securities Debt Maturities After Twenty Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue
530000000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2070000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2177000000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
303000000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
524000000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
1000000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
11000000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
12000000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
11000000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
3200000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
400000 USD
CY2022Q1 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
1500000 USD
CY2022Q1 etr Reductiontoregulatoryliabilityduetoreturnofunprotectedexcessaccumulateddeferredincometaxes
Reductiontoregulatoryliabilityduetoreturnofunprotectedexcessaccumulateddeferredincometaxes
17000000 USD
CY2021Q1 etr Reductiontoregulatoryliabilityduetoreturnofunprotectedexcessaccumulateddeferredincometaxes
Reductiontoregulatoryliabilityduetoreturnofunprotectedexcessaccumulateddeferredincometaxes
41000000 USD
CY2022Q1 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
402000000 USD
CY2021Q4 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
723000000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2877925000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2844838000 USD
CY2021Q4 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
68600000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-5900000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
45300000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
14100000 USD
CY2022Q1 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
31500000 USD
CY2020Q4 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
117700000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
3200000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3800000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
1900000 USD
CY2021Q1 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
119000000.0 USD

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etr-20220331_cal.xml Edgar Link unprocessable
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etr-20220331.htm Edgar Link pending
etr-20220331.xsd Edgar Link pending
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etr-20220331_htm.xml Edgar Link completed
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