2016 Q4 Form 10-K Financial Statement

#000075330818000013 Filed on February 16, 2018

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2016 Q2
Revenue $3.699B $4.805B $3.817B
YoY Change -9.09% -3.01% -12.41%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $891.0M $1.070B $816.0M
YoY Change 5.95% 18.89% -1.09%
% of Gross Profit
Operating Expenses $3.338B $3.526B $2.648B
YoY Change 4.87% 1.53% -17.56%
Operating Profit $926.0M $1.279B $1.169B
YoY Change 5.71% -13.64% 2.01%
Interest Expense $409.0M -$267.0M -$521.0M
YoY Change -292.02% 18.14% 130.53%
% of Operating Profit 44.17% -20.88% -44.57%
Other Income/Expense, Net $325.0M -$72.00M -$406.0M
YoY Change 253.26% -59.78% 167.11%
Pretax Income $1.511B $1.207B $763.0M
YoY Change 99.6% -7.3% -23.24%
Income Tax $500.0M $418.0M $219.0M
% Of Pretax Income 33.09% 34.63% 28.7%
Net Earnings $966.0M $753.0M $540.0M
YoY Change 90.53% -14.33% -24.58%
Net Earnings / Revenue 26.12% 15.67% 14.15%
Basic Earnings Per Share $2.07 $1.63 $1.17
Diluted Earnings Per Share $2.06 $1.62 $1.16
COMMON SHARES
Basic Shares Outstanding 463.3M shares 461.3M shares
Diluted Shares Outstanding 466.0M shares 464.6M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.292B $681.0M $730.0M
YoY Change 126.27% -42.34% 32.49%
Cash & Equivalents $1.292B $681.0M $730.0M
Short-Term Investments
Other Short-Term Assets $528.0M $459.0M $469.0M
YoY Change 10.92% -23.75% -29.58%
Inventory $1.289B $1.309B $1.254B
Prepaid Expenses
Receivables $1.784B $1.921B $1.816B
Other Receivables $655.0M $938.0M $857.0M
Total Short-Term Assets $7.409B $6.747B $6.512B
YoY Change 9.04% 1.35% 2.62%
LONG-TERM ASSETS
Property, Plant & Equipment $66.91B $65.62B $64.16B
YoY Change 9.0% 9.66% 10.03%
Goodwill $779.0M
YoY Change 0.13%
Intangibles
YoY Change
Long-Term Investments $1.767B $0.00 $0.00
YoY Change 66.23%
Other Assets $3.335B $3.279B $3.069B
YoY Change 2.96% 40.55% 37.07%
Total Long-Term Assets $15.67B $15.50B $14.75B
YoY Change 9.61% 15.06% 17.58%
TOTAL ASSETS
Total Short-Term Assets $7.409B $6.747B $6.512B
Total Long-Term Assets $15.67B $15.50B $14.75B
Total Assets $90.47B $87.86B $85.42B
YoY Change 9.69% 9.88% 10.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.447B $2.800B $1.774B
YoY Change 36.3% 49.73% 16.94%
Accrued Expenses $1.600B $1.642B $1.671B
YoY Change 16.79% -9.38% 18.51%
Deferred Revenue
YoY Change
Short-Term Debt $150.0M $490.0M $800.0M
YoY Change -63.59% -56.9% -15.79%
Long-Term Debt Due $2.604B $2.364B $3.125B
YoY Change 17.3% -5.33% 12.9%
Total Short-Term Liabilities $10.92B $10.46B $11.34B
YoY Change 8.03% 0.82% 20.33%
LONG-TERM LIABILITIES
Long-Term Debt $27.82B $28.20B $27.00B
YoY Change 4.26% 10.12% 7.0%
Other Long-Term Liabilities $2.049B $2.115B $1.847B
YoY Change 2.19% 23.68% 10.01%
Total Long-Term Liabilities $25.93B $24.34B $23.20B
YoY Change 14.82% 15.04% 10.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.92B $10.46B $11.34B
Total Long-Term Liabilities $25.93B $24.34B $23.20B
Total Liabilities $36.84B $34.80B $34.54B
YoY Change 12.72% 10.36% 13.74%
SHAREHOLDERS EQUITY
Retained Earnings $15.46B $14.90B $14.55B
YoY Change 9.32% 6.52% 8.12%
Common Stock $8.953B $9.044B $8.708B
YoY Change 4.09% 6.41% 10.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $24.34B $23.91B $23.17B
YoY Change
Total Liabilities & Shareholders Equity $89.99B $87.86B $85.42B
YoY Change 9.11% 9.88% 10.65%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2016 Q2
OPERATING ACTIVITIES
Net Income $966.0M $753.0M $540.0M
YoY Change 90.53% -14.33% -24.58%
Depreciation, Depletion And Amortization $891.0M $1.070B $816.0M
YoY Change 5.95% 18.89% -1.09%
Cash From Operating Activities $1.075B $2.024B $1.725B
YoY Change -32.94% 28.18% -1.6%
INVESTING ACTIVITIES
Capital Expenditures -$921.0M -$972.0M -$1.082B
YoY Change 3.6% -13.14% 14.26%
Acquisitions
YoY Change
Other Investing Activities -$142.0M -$574.0M -$674.0M
YoY Change -91.34% -4.97% -45.78%
Cash From Investing Activities -$1.063B -$1.546B -$1.756B
YoY Change -57.95% -10.27% -19.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 625.0M -527.0M 133.0M
YoY Change 98.41% -168.09% -74.37%
NET CHANGE
Cash From Operating Activities 1.075B 2.024B 1.725B
Cash From Investing Activities -1.063B -1.546B -1.756B
Cash From Financing Activities 625.0M -527.0M 133.0M
Net Change In Cash 637.0M -49.00M 102.0M
YoY Change -204.43% -107.78% 24.39%
FREE CASH FLOW
Cash From Operating Activities $1.075B $2.024B $1.725B
Capital Expenditures -$921.0M -$972.0M -$1.082B
Free Cash Flow $1.996B $2.996B $2.807B
YoY Change -19.9% 11.05% 3.96%

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CY2016 nee Nuclear Fuel And Other Amortization
NuclearFuelAndOtherAmortization
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CY2017 nee Nuclear Fuel And Other Amortization
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272000000 USD
CY2015 nee Other Capital Expenditures
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CY2016 nee Other Capital Expenditures
OtherCapitalExpenditures
181000000 USD
CY2017 nee Other Capital Expenditures
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74000000 USD
CY2015 nee Other Comprehensive Income Loss Related To Equity Method Investee Net Of Tax
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CY2016 nee Other Comprehensive Income Loss Related To Equity Method Investee Net Of Tax
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CY2016 nee Other Comprehensive Income Loss Related To Equity Method Investee Tax
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CY2017Q4 nee Other Current Liabilities
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477000000 USD
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CY2015 nee Other Than Temporary Impairment Losses On Securities Held In Nuclear Decommissioning Funds
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CY2016 nee Other Than Temporary Impairment Losses On Securities Held In Nuclear Decommissioning Funds
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CY2017 nee Other Than Temporary Impairment Losses On Securities Held In Nuclear Decommissioning Funds
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CY2015 nee Percentage Of Operating Revenues Derived From Sale Of Electricity
PercentageOfOperatingRevenuesDerivedFromSaleOfElectricity
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CY2016 nee Percentage Of Operating Revenues Derived From Sale Of Electricity
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CY2017 nee Percentage Of Operating Revenues Derived From Sale Of Electricity
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0.93
CY2017Q4 nee Potential Retrospective Assessment Limited Insurance Coverage Per Occurrence Per Site Nuclear Insurance Mutual Companies Property Damage Decontamination And Premature Decommissioning Risks
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178000000 USD
CY2017Q4 nee Potential Retrospective Assessments Under Secondary Financial Protection System
PotentialRetrospectiveAssessmentsUnderSecondaryFinancialProtectionSystem
1000000000 USD
CY2017Q4 nee Potential Retrospective Assessments Under Secondary Financial Protection System Payable Per Incident Per Year
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152000000 USD
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CY2016 nee Proceedsfrom Differential Membership Investors Usedin Debt Reduction
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100000000 USD
CY2017 nee Proceedsfrom Differential Membership Investors Usedin Debt Reduction
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CY2015 nee Proceedsfrom Saleof Independent Power Investments
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52000000 USD
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658000000 USD
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178000000 USD
CY2016Q4 nee Profit Sharing Liabilitynetof Amortization
ProfitSharingLiabilitynetofAmortization
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CY2017Q4 nee Profit Sharing Liabilitynetof Amortization
ProfitSharingLiabilitynetofAmortization
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521000000 USD
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CY2017 nee Regulatory Asset Purchased Power Agreement Termination Net
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243000000 USD
CY2016Q4 nee Regulatory Assets Current Storm Reserve Deficiency
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203000000 USD
CY2017Q4 nee Regulatory Assets Current Storm Reserve Deficiency
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CY2016Q4 nee Regulatory Assets Purchased Power Agreement Gross Noncurrent
RegulatoryAssetsPurchasedPowerAgreementGrossNoncurrent
636000000 USD
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963000000 USD
CY2016Q4 nee Regulatory Liability Current Derivatives
RegulatoryLiabilityCurrentDerivatives
208000000 USD
CY2017Q4 nee Regulatory Liability Current Derivatives
RegulatoryLiabilityCurrentDerivatives
0 USD
CY2016Q4 nee Regulatory Liability Current Other
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5000000 USD
CY2017Q4 nee Regulatory Liability Current Other
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50000000 USD
CY2016Q4 nee Regulatory Liability Deferred Revenueand Credits Current
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CY2017Q4 nee Restrictedcashrelatedtomargincashcollateralthatisnettedagainstderivativeinstruments
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83000000 USD
CY2016Q4 nee Revenue Equivalent Of Difference In Accumulated Deferred Income Taxes Computer Under Accounting Rules Versus Regulatory Rules
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289000000 USD
CY2017Q4 nee Revenue Equivalent Of Difference In Accumulated Deferred Income Taxes Computer Under Accounting Rules Versus Regulatory Rules
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CY2015 nee Sale Of Differential Membership Interests
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CY2017 nee Special Use Funds Nuclear Decommissioning Funds Weighted Average Maturity
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P9Y
CY2017 nee Tax Cutsand Jobs Actof2017 Changein Tax Rate Deferred Tax Liability Income Tax Expense Benefit
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CY2017Q4 nee Total Number Of Consolidated Variable Interest Entities
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CY2017Q4 nee Variable Rate Tax Exempt Bonds
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BusinessCombinationAcquisitionRelatedCosts
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CY2016 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2016 us-gaap Cash Dividends Paid To Parent Company
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CY2017 us-gaap Cash Dividends Paid To Parent Company
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CY2016Q4 us-gaap Commitments And Contingencies
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CY2017Q4 us-gaap Commitments And Contingencies
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CY2017Q4 us-gaap Commitments And Contingencies
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CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2016Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
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CY2016Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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1.41
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11.38
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P1Y9M
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93000000 USD
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150000000 USD
CY2017Q4 us-gaap Notes Payable Current
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255000000 USD
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OperatingIncomeLoss
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2405000000 USD
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CY2017Q4 us-gaap Operating Income Loss
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236000000 USD
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OperatingIncomeLoss
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CY2017Q4 us-gaap Other Assets
OtherAssets
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