2017 Q2 Form 10-Q Financial Statement

#000007290317000043 Filed on July 28, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $2.645B $2.500B
YoY Change 5.8% -0.6%
Cost Of Revenue $122.0M $98.40M
YoY Change 23.98% -27.0%
Gross Profit $2.523B $2.401B
YoY Change 5.06% 0.89%
Gross Profit Margin 95.39% 96.06%
Selling, General & Admin $65.00M $55.90M
YoY Change 16.28% 3.33%
% of Gross Profit 2.58% 2.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $395.6M $359.1M
YoY Change 10.16% 19.7%
% of Gross Profit 15.68% 14.95%
Operating Expenses $2.057B $1.970B
YoY Change 4.42% 0.63%
Operating Profit $466.0M $432.0M
YoY Change 7.87% 2.17%
Interest Expense $164.0M $163.0M
YoY Change 0.63% 13.01%
% of Operating Profit 35.19% 37.73%
Other Income/Expense, Net -$4.000M $1.560M
YoY Change -356.41% 62.33%
Pretax Income $329.0M $301.2M
YoY Change 9.23% -1.83%
Income Tax $102.0M $104.4M
% Of Pretax Income 31.0% 34.66%
Net Earnings $227.0M $197.0M
YoY Change 15.23% 0.04%
Net Earnings / Revenue 8.58% 7.88%
Basic Earnings Per Share $0.45 $0.39
Diluted Earnings Per Share $0.45 $0.39
COMMON SHARES
Basic Shares Outstanding 509.0M shares 508.9M shares
Diluted Shares Outstanding 509.0M shares 509.5M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $61.00M $77.00M
YoY Change -20.78% -43.38%
Cash & Equivalents $61.00M $76.71M
Short-Term Investments
Other Short-Term Assets $1.394B $1.411B
YoY Change -1.2% -17.19%
Inventory $542.0M $526.8M
Prepaid Expenses
Receivables $759.4M $689.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.757B $2.704B
YoY Change 1.94% -11.31%
LONG-TERM ASSETS
Property, Plant & Equipment $33.54B $31.82B
YoY Change 5.41% 8.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $133.2M $133.7M
YoY Change -0.37% 65.06%
Other Assets $255.5M $38.42M
YoY Change 565.03% -78.19%
Total Long-Term Assets $39.10B $36.79B
YoY Change 6.3% 7.5%
TOTAL ASSETS
Total Short-Term Assets $2.757B $2.704B
Total Long-Term Assets $39.10B $36.79B
Total Assets $41.86B $39.49B
YoY Change 6.0% 5.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $973.6M $922.0M
YoY Change 5.6% 11.04%
Accrued Expenses $176.0M $169.0M
YoY Change 4.14% 5.63%
Deferred Revenue
YoY Change
Short-Term Debt $784.0M $447.0M
YoY Change 75.39% -0.89%
Long-Term Debt Due $505.0M $710.0M
YoY Change -28.87% 0.42%
Total Short-Term Liabilities $3.691B $3.506B
YoY Change 5.26% -0.87%
LONG-TERM LIABILITIES
Long-Term Debt $14.09B $13.11B
YoY Change 7.53% 10.16%
Other Long-Term Liabilities $225.2M $280.6M
YoY Change -19.75% 0.31%
Total Long-Term Liabilities $225.2M $280.6M
YoY Change -19.75% 0.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.691B $3.506B
Total Long-Term Liabilities $225.2M $280.6M
Total Liabilities $3.916B $3.787B
YoY Change 3.4% -0.79%
SHAREHOLDERS EQUITY
Retained Earnings $4.079B $3.644B
YoY Change 11.95% 12.33%
Common Stock $7.151B $7.166B
YoY Change -0.21% 0.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.12B $10.70B
YoY Change
Total Liabilities & Shareholders Equity $41.86B $39.49B
YoY Change 6.0% 5.96%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $227.0M $197.0M
YoY Change 15.23% 0.04%
Depreciation, Depletion And Amortization $395.6M $359.1M
YoY Change 10.16% 19.7%
Cash From Operating Activities $573.6M $609.9M
YoY Change -5.95% 16.48%
INVESTING ACTIVITIES
Capital Expenditures -$724.7M -$712.8M
YoY Change 1.67% 0.76%
Acquisitions
YoY Change
Other Investing Activities -$1.600M -$36.40M
YoY Change -95.6% -347.62%
Cash From Investing Activities -$726.4M -$749.2M
YoY Change -3.04% 8.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 140.1M 114.5M
YoY Change 22.36% -33.28%
NET CHANGE
Cash From Operating Activities 573.6M 609.9M
Cash From Investing Activities -726.4M -749.2M
Cash From Financing Activities 140.1M 114.5M
Net Change In Cash -12.70M -24.80M
YoY Change -48.79% -1053.85%
FREE CASH FLOW
Cash From Operating Activities $573.6M $609.9M
Capital Expenditures -$724.7M -$712.8M
Free Cash Flow $1.298B $1.323B
YoY Change -1.84% 7.45%

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865000 USD
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1076000 USD
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956000 USD
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1904000 USD
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550000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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407000 USD
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608000 USD
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100000 USD
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3400000 USD
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UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
29600000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
30800000 USD
CY2016Q2 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
322534000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
642554000 USD
CY2017Q2 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
365720000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
730924000 USD
CY2016Q2 us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
596978000 USD
us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
1174388000 USD
CY2017Q2 us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
578133000 USD
us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
1164563000 USD
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
509490000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
509311000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
509135000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
508955000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
508930000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
508789000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
508542000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
508411000 shares
CY2016Q4 xel Accrued Unbilled Revenues
AccruedUnbilledRevenues
729832000 USD
CY2017Q2 xel Accrued Unbilled Revenues
AccruedUnbilledRevenues
608499000 USD
xel Adjustments To Additional Paid In Capital Purchase Of Common Stock For Settlement Of Equity Awards
AdjustmentsToAdditionalPaidInCapitalPurchaseOfCommonStockForSettlementOfEquityAwards
789000 USD
xel Adjustments To Additional Paid In Capital Purchase Of Common Stock For Settlement Of Equity Awards
AdjustmentsToAdditionalPaidInCapitalPurchaseOfCommonStockForSettlementOfEquityAwards
3120000 USD
xel Amortizationof Investment Tax Credits
AmortizationofInvestmentTaxCredits
2613000 USD
xel Amortizationof Investment Tax Credits
AmortizationofInvestmentTaxCredits
2557000 USD
CY2016Q4 xel Assets Held As Collateral For Guarantor Obligations
AssetsHeldAsCollateralForGuarantorObligations
0 USD
CY2017Q2 xel Assets Held As Collateral For Guarantor Obligations
AssetsHeldAsCollateralForGuarantorObligations
0 USD
CY2016Q4 xel Collateral Already Posted Adequate Assurance Clauses Aggregate Fair Value
CollateralAlreadyPostedAdequateAssuranceClausesAggregateFairValue
0 USD
CY2017Q2 xel Collateral Already Posted Adequate Assurance Clauses Aggregate Fair Value
CollateralAlreadyPostedAdequateAssuranceClausesAggregateFairValue
0 USD
CY2016Q2 xel Conservation And Demand Side Management Program Expenses
ConservationAndDemandSideManagementProgramExpenses
55916000 USD
xel Conservation And Demand Side Management Program Expenses
ConservationAndDemandSideManagementProgramExpenses
113352000 USD
CY2017Q2 xel Conservation And Demand Side Management Program Expenses
ConservationAndDemandSideManagementProgramExpenses
64860000 USD
xel Conservation And Demand Side Management Program Expenses
ConservationAndDemandSideManagementProgramExpenses
132393000 USD
CY2016Q4 xel Derivative Gross Liability Position Aggregate Fair Value
DerivativeGrossLiabilityPositionAggregateFairValue
0 USD
CY2017Q2 xel Derivative Gross Liability Position Aggregate Fair Value
DerivativeGrossLiabilityPositionAggregateFairValue
0 USD
xel Gain Loss On Hedging And Derivative Transactions
GainLossOnHedgingAndDerivativeTransactions
-3903000 USD
xel Gain Loss On Hedging And Derivative Transactions
GainLossOnHedgingAndDerivativeTransactions
-217000 USD
CY2016Q2 xel Insurance Policy Expense Income Net
InsurancePolicyExpenseIncomeNet
920000 USD
xel Insurance Policy Expense Income Net
InsurancePolicyExpenseIncomeNet
1420000 USD
CY2017Q2 xel Insurance Policy Expense Income Net
InsurancePolicyExpenseIncomeNet
1022000 USD
CY2016 xel Interest Expense Incomerelatedtounrecognizedtaxbenefits
InterestExpenseIncomerelatedtounrecognizedtaxbenefits
3300000 USD
xel Interest Expense Incomerelatedtounrecognizedtaxbenefits
InterestExpenseIncomerelatedtounrecognizedtaxbenefits
1700000 USD
xel Nuclear Fuel Amortization
NuclearFuelAmortization
58267000 USD
xel Nuclear Fuel Amortization
NuclearFuelAmortization
57003000 USD
CY2015 xel Number Of Years Of Tax Loss Carryback Period
NumberOfYearsOfTaxLossCarrybackPeriod
P2Y
CY2016Q4 xel Other Assets Excluding Property Plant And Equipment
OtherAssetsExcludingPropertyPlantAndEquipment
5471446000 USD
CY2017Q2 xel Other Assets Excluding Property Plant And Equipment
OtherAssetsExcludingPropertyPlantAndEquipment
5560596000 USD
CY2016Q2 xel Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Debt
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfDebt
6684000 USD
xel Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Debt
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfDebt
12674000 USD
CY2017Q2 xel Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Debt
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfDebt
7613000 USD
xel Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Debt
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfDebt
14635000 USD
CY2016Q4 xel Tax Benefits Associated With Nol And Tax Credit Carryforwards
TaxBenefitsAssociatedWithNolAndTaxCreditCarryforwards
43800000 USD
CY2017Q2 xel Tax Benefits Associated With Nol And Tax Credit Carryforwards
TaxBenefitsAssociatedWithNolAndTaxCreditCarryforwards
47400000 USD
CY2016Q4 xel Unrecognized Tax Benefits That Would Not Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldNotImpactEffectiveTaxRate
104100000 USD
CY2017Q2 xel Unrecognized Tax Benefits That Would Not Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldNotImpactEffectiveTaxRate
106600000 USD

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