On Feb. 6, Duke Energy (NYSE:DUK) released fourth-quarter earnings for the period ended Dec. 31.
- Total revenues were up, thanks to an increase in U.S.-franchised electric and gas revenues, primarily driven by the addition of the former Cinergy-regulated utility operations.
- EPS decreased by 50.8% because of the sale of an effective 50% interest of Crescent, lower earnings from Crescent, and the issuance of additional shares related to the Cinergy merger.
- Management received approval for nearly $260 million of future federal tax credits related to costs to be incurred for building two advanced coal plants.
- Duke completed the spin-off of Spectra Energy in January.
- Over at Motley Fool CAPS, 343 of 418 members believe Duke will outperform the S&P 500.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change | |
|---|---|---|---|
|
Sales |
$4,069 |
$3,029 |
34.3% |
|
Net Profit |
$387 |
$606 |
(36.1%) |
|
EPS |
$0.31 |
$0.63 |
(50.8%) |
|
Diluted Shares |
1,265 |
962 |
31.5% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* | |
|---|---|---|---|
|
Operating Margin |
20.3% |
30.1% |
(9.9) |
|
Net Margin |
9.5% |
20.0% |
(10.5) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$948.0 |
$511.0 |
85.5% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Long-Term Debt |
$18,118.0 |
$14,547.0 |
24.5% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$3,846.0 |
$2,843.0 |
35.3% |
|
Capital Expenditures |
$1,294.0 |
$767.0 |
68.7% |
|
Free Cash Flow |
$2,552.0 |
$2,076.0 |
22.9% |
Find out why Fools always follow the money.
Related Companies:
- Entergy (NYSE:ETR)
- Firstenergy (NYSE:FE)
- Edison International (NYSE:EIX)
- AES Corporation (NYSE:AES)
- PPL Corporation (NYSE:PPL)
Related Foolishness:
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Duke Energy is a Motley Fool Income Investor recommendation. Find more dividend superstars with a free 30-day trial of James Early's low-risk, high-reward newsletter service.
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