On Feb. 8, Motley Fool Income Investor pick Great Plains Energy (NYSE:GXP) released fourth-quarter earnings for the period ended Dec. 31.

  • Core earnings decreased 41%, from $43.5 million to $25.5 million, primarily because of lower wholesale prices at subsidiary Kansas City Power & Light.
  • Lower revenues from KCP&L were roughly offset by gains in the small-business customer segment at subsidiary Strategic Energy.
  • Management provided 2007 consolidated core EPS guidance of $1.80-$2.00 a share.
  • Great Plains Energy has a two-star rating in Motley Fool CAPS.

(Figures in millions, except per-share data)

Income Statement Highlights

Q4 2006

Q4 2005

Change

Sales

$655.5

$645.2

1.6%

Net Profit

$34.4

$30.1

14.0%

EPS

$0.42

$0.40

5.0%

Diluted Shares

80.7

74.7

8.0%



Get back to basics with a look at the income statement.

Margin Checkup

Q4 2006

Q4 2005

Change*

Gross Margin

34.1%

35.4%

(1.3)

Operating Margin

9.3%

8.4%

0.8

Net Margin

5.2%

4.7%

0.6

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q4 2006

Q4 2005

Change

Cash + ST Invest.

$68.7

$144.2

(52.3%)

Accounts Rec.

$339.4

$259.0

31.0%

Inventory

$27.8

$17.1

62.9%

Liabilities

Q4 2006

Q4 2005

Change

Accounts Payable

$322.7

$231.5

39.4%

Long-Term Debt

$607.5

$1,140.9

(46.8%)



Learn the ways of the balance sheet.

Related Companies:

  • Duke Energy (NYSE:DUK)
  • Dynegy (NYSE:DYN)
  • Companhia Paranaense de Energi (NYSE:ELP)
  • Puget Energy (NYSE:PSD)
  • El Paso Electric (NYSE:EE)

Related Foolishness:

Great Plains Energy and Duke Energy are Motley Fool Income Investor picks. Interested in other great dividend-paying stocks? Check out a free trial subscription to Income Investor.

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