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 |
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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