2018 Q2 Form 10-Q Financial Statement

#000007290318000042 Filed on July 27, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $2.658B $2.645B
YoY Change 0.49% 5.8%
Cost Of Revenue $112.0M $122.0M
YoY Change -8.2% 23.98%
Gross Profit $2.546B $2.523B
YoY Change 0.91% 5.06%
Gross Profit Margin 95.79% 95.39%
Selling, General & Admin $69.00M $65.00M
YoY Change 6.15% 16.28%
% of Gross Profit 2.71% 2.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $413.0M $395.6M
YoY Change 4.4% 10.16%
% of Gross Profit 16.22% 15.68%
Operating Expenses $2.096B $2.057B
YoY Change 1.9% 4.42%
Operating Profit $450.0M $466.0M
YoY Change -3.43% 7.87%
Interest Expense $175.0M $164.0M
YoY Change 6.71% 0.63%
% of Operating Profit 38.89% 35.19%
Other Income/Expense, Net -$2.000M -$4.000M
YoY Change -50.0% -356.41%
Pretax Income $319.0M $329.0M
YoY Change -3.04% 9.23%
Income Tax $54.00M $102.0M
% Of Pretax Income 16.93% 31.0%
Net Earnings $265.0M $227.0M
YoY Change 16.74% 15.23%
Net Earnings / Revenue 9.97% 8.58%
Basic Earnings Per Share $0.52 $0.45
Diluted Earnings Per Share $0.52 $0.45
COMMON SHARES
Basic Shares Outstanding 510.0M shares 509.0M shares
Diluted Shares Outstanding 510.0M shares 509.0M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $332.0M $61.00M
YoY Change 444.26% -20.78%
Cash & Equivalents $332.0M $61.00M
Short-Term Investments
Other Short-Term Assets $1.405B $1.394B
YoY Change 0.79% -1.2%
Inventory $511.0M $542.0M
Prepaid Expenses
Receivables $808.0M $759.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.056B $2.757B
YoY Change 10.86% 1.94%
LONG-TERM ASSETS
Property, Plant & Equipment $35.29B $33.54B
YoY Change 5.2% 5.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $138.0M $133.2M
YoY Change 3.6% -0.37%
Other Assets $273.0M $255.5M
YoY Change 6.86% 565.03%
Total Long-Term Assets $41.18B $39.10B
YoY Change 5.32% 6.3%
TOTAL ASSETS
Total Short-Term Assets $3.056B $2.757B
Total Long-Term Assets $41.18B $39.10B
Total Assets $44.24B $41.86B
YoY Change 5.68% 6.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.092B $973.6M
YoY Change 12.16% 5.6%
Accrued Expenses $176.0M $176.0M
YoY Change 0.0% 4.14%
Deferred Revenue
YoY Change
Short-Term Debt $682.0M $784.0M
YoY Change -13.01% 75.39%
Long-Term Debt Due $856.0M $505.0M
YoY Change 69.5% -28.87%
Total Short-Term Liabilities $4.178B $3.691B
YoY Change 13.2% 5.26%
LONG-TERM LIABILITIES
Long-Term Debt $15.31B $14.09B
YoY Change 8.65% 7.53%
Other Long-Term Liabilities $226.0M $225.2M
YoY Change 0.35% -19.75%
Total Long-Term Liabilities $226.0M $225.2M
YoY Change 0.35% -19.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.178B $3.691B
Total Long-Term Liabilities $226.0M $225.2M
Total Liabilities $4.404B $3.916B
YoY Change 12.46% 3.4%
SHAREHOLDERS EQUITY
Retained Earnings $4.580B $4.079B
YoY Change 12.28% 11.95%
Common Stock $7.192B $7.151B
YoY Change 0.58% -0.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.65B $11.12B
YoY Change
Total Liabilities & Shareholders Equity $44.24B $41.86B
YoY Change 5.68% 6.0%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $265.0M $227.0M
YoY Change 16.74% 15.23%
Depreciation, Depletion And Amortization $413.0M $395.6M
YoY Change 4.4% 10.16%
Cash From Operating Activities $550.0M $573.6M
YoY Change -4.11% -5.95%
INVESTING ACTIVITIES
Capital Expenditures -$1.020B -$724.7M
YoY Change 40.75% 1.67%
Acquisitions
YoY Change
Other Investing Activities $27.00M -$1.600M
YoY Change -1787.5% -95.6%
Cash From Investing Activities -$993.0M -$726.4M
YoY Change 36.7% -3.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 659.0M 140.1M
YoY Change 370.38% 22.36%
NET CHANGE
Cash From Operating Activities 550.0M 573.6M
Cash From Investing Activities -993.0M -726.4M
Cash From Financing Activities 659.0M 140.1M
Net Change In Cash 216.0M -12.70M
YoY Change -1800.79% -48.79%
FREE CASH FLOW
Cash From Operating Activities $550.0M $573.6M
Capital Expenditures -$1.020B -$724.7M
Free Cash Flow $1.570B $1.298B
YoY Change 20.93% -1.84%

Facts In Submission

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us-gaap Interest Expense
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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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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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508000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
508400000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
510000000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
509600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
509300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
509000000 shares
CY2017Q4 xel Accrued Unbilled Revenues
AccruedUnbilledRevenues
764000000 USD
CY2018Q2 xel Accrued Unbilled Revenues
AccruedUnbilledRevenues
648000000 USD
xel Adjustments To Additional Paid In Capital Purchase Of Common Stock For Settlement Of Equity Awards
AdjustmentsToAdditionalPaidInCapitalPurchaseOfCommonStockForSettlementOfEquityAwards
3000000 USD
xel Adjustments To Additional Paid In Capital Purchase Of Common Stock For Settlement Of Equity Awards
AdjustmentsToAdditionalPaidInCapitalPurchaseOfCommonStockForSettlementOfEquityAwards
1000000 USD
CY2017Q4 xel Assets Held As Collateral For Guarantor Obligations
AssetsHeldAsCollateralForGuarantorObligations
0 USD
CY2018Q2 xel Assets Held As Collateral For Guarantor Obligations
AssetsHeldAsCollateralForGuarantorObligations
0 USD
CY2017Q4 xel Collateral Already Posted Adequate Assurance Clauses Aggregate Fair Value
CollateralAlreadyPostedAdequateAssuranceClausesAggregateFairValue
0 USD
CY2018Q2 xel Collateral Already Posted Adequate Assurance Clauses Aggregate Fair Value
CollateralAlreadyPostedAdequateAssuranceClausesAggregateFairValue
0 USD
CY2017Q2 xel Conservation And Demand Side Management Program Expenses
ConservationAndDemandSideManagementProgramExpenses
65000000 USD
xel Conservation And Demand Side Management Program Expenses
ConservationAndDemandSideManagementProgramExpenses
132000000 USD
CY2018Q2 xel Conservation And Demand Side Management Program Expenses
ConservationAndDemandSideManagementProgramExpenses
69000000 USD
xel Conservation And Demand Side Management Program Expenses
ConservationAndDemandSideManagementProgramExpenses
139000000 USD
CY2017Q2 xel Defined Benefit Plan Nonservice Costs
DefinedBenefitPlanNonserviceCosts
7000000 USD
xel Defined Benefit Plan Nonservice Costs
DefinedBenefitPlanNonserviceCosts
13000000 USD
CY2018Q2 xel Defined Benefit Plan Nonservice Costs
DefinedBenefitPlanNonserviceCosts
4000000 USD
xel Defined Benefit Plan Nonservice Costs
DefinedBenefitPlanNonserviceCosts
9000000 USD
CY2017Q4 xel Derivative Gross Liability Position Aggregate Fair Value
DerivativeGrossLiabilityPositionAggregateFairValue
0 USD
CY2018Q2 xel Derivative Gross Liability Position Aggregate Fair Value
DerivativeGrossLiabilityPositionAggregateFairValue
0 USD
CY2017Q2 xel Effective Income Tax Rate Reconciliation Other Regulatory Items Percent
EffectiveIncomeTaxRateReconciliationOtherRegulatoryItemsPercent
-0.009
xel Effective Income Tax Rate Reconciliation Other Regulatory Items Percent
EffectiveIncomeTaxRateReconciliationOtherRegulatoryItemsPercent
-0.007
CY2018Q2 xel Effective Income Tax Rate Reconciliation Other Regulatory Items Percent
EffectiveIncomeTaxRateReconciliationOtherRegulatoryItemsPercent
-0.010
xel Effective Income Tax Rate Reconciliation Other Regulatory Items Percent
EffectiveIncomeTaxRateReconciliationOtherRegulatoryItemsPercent
-0.010
CY2017Q2 xel Effective Income Tax Rate Reconciliation Tax Cutsand Jobs Actof2017 Changein Tax Rate Percent
EffectiveIncomeTaxRateReconciliationTaxCutsandJobsActof2017ChangeinTaxRatePercent
0.000
xel Effective Income Tax Rate Reconciliation Tax Cutsand Jobs Actof2017 Changein Tax Rate Percent
EffectiveIncomeTaxRateReconciliationTaxCutsandJobsActof2017ChangeinTaxRatePercent
0.000
CY2018Q2 xel Effective Income Tax Rate Reconciliation Tax Cutsand Jobs Actof2017 Changein Tax Rate Percent
EffectiveIncomeTaxRateReconciliationTaxCutsandJobsActof2017ChangeinTaxRatePercent
0.040
xel Effective Income Tax Rate Reconciliation Tax Cutsand Jobs Actof2017 Changein Tax Rate Percent
EffectiveIncomeTaxRateReconciliationTaxCutsandJobsActof2017ChangeinTaxRatePercent
0.048
CY2017Q2 xel Insurance Policy Expense Income Net
InsurancePolicyExpenseIncomeNet
1000000 USD
xel Insurance Policy Expense Income Net
InsurancePolicyExpenseIncomeNet
2000000 USD
CY2018Q2 xel Insurance Policy Expense Income Net
InsurancePolicyExpenseIncomeNet
2000000 USD
xel Insurance Policy Expense Income Net
InsurancePolicyExpenseIncomeNet
1000000 USD
xel Maximum Number Of Months Following End Of Annual Period In Which Revenues Are Earned To Be Included In Incentive Programs
MaximumNumberOfMonthsFollowingEndOfAnnualPeriodInWhichRevenuesAreEarnedToBeIncludedInIncentivePrograms
P24M
xel Nuclear Fuel Amortization
NuclearFuelAmortization
57000000 USD
xel Nuclear Fuel Amortization
NuclearFuelAmortization
62000000 USD
CY2017Q4 xel Other Assets Excluding Property Plant And Equipment
OtherAssetsExcludingPropertyPlantAndEquipment
5728000000 USD
CY2018Q2 xel Other Assets Excluding Property Plant And Equipment
OtherAssetsExcludingPropertyPlantAndEquipment
5895000000 USD
CY2017Q2 xel Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Debt
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfDebt
8000000 USD
xel Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Debt
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfDebt
15000000 USD
CY2018Q2 xel Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Debt
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfDebt
11000000 USD
xel Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Debt
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfDebt
22000000 USD
CY2017Q4 xel Tax Benefits Associated With Nol And Tax Credit Carryforwards
TaxBenefitsAssociatedWithNolAndTaxCreditCarryforwards
31000000 USD
CY2018Q2 xel Tax Benefits Associated With Nol And Tax Credit Carryforwards
TaxBenefitsAssociatedWithNolAndTaxCreditCarryforwards
33000000 USD
CY2017Q4 xel Unrecognized Tax Benefits That Would Not Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldNotImpactEffectiveTaxRate
19000000 USD
CY2018Q2 xel Unrecognized Tax Benefits That Would Not Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldNotImpactEffectiveTaxRate
13000000 USD

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