Calendar

7 May 20
7 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 199M 184.2M 209M 184.4M
Net income 35.4M -16.8M 16.5M 19M
Net profit margin 17.79% -9.12% 7.89% 10.30%
Operating income 44.5M 42.4M 41.5M 41.8M
Net change in cash 5.7M -39.7M -19.7M 25.1M
Cash on hand 36.8M 31.1M 70.8M 90.5M
Cost of revenue 77.7M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 775.9M
Net income 70.1M -94.6M -485.2M -239M
Net profit margin 9.03%
Operating income 135.5M 105.2M 119M -109.9M
Net change in cash 66M -30.1M 22.2M 15.4M
Cash on hand 90.5M 24.5M 54.6M 32.4M

Financial data from company earnings reports

Financial report summary

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Risks
  • We may not always be able to recover our costs to deliver electricity to our retail customers. The costs we can recover and the return on capital we are permitted to earn for certain aspects of our business are regulated and governed by the laws of Ohio and the rules, policies and procedures of the PUCO.
  • Our increased costs due to renewable energy and energy efficiency requirements may not be fully recoverable in the future.
  • We may be negatively affected by a lack of growth or a decline in the number of customers.
  • We are subject to numerous environmental laws, rules and regulations that require capital expenditures, increase our cost of operations and may expose us to environmental liabilities.
  • We are reliant upon the performance of a co-owner who operates our remaining co-owned operational EGU.
  • The use of non-derivative and derivative instruments in the normal course of business could result in losses that could negatively impact our results of operations, financial position and cash flows.
  • The Dodd-Frank Act contains significant requirements related to derivatives that, among other things, could reduce the cost effectiveness of entering into derivative transactions.
  • Our business is sensitive to weather and seasonal variations.
  • Our membership in a regional transmission organization presents risks that could have a material adverse effect on our results of operations, financial condition and cash flows.
  • Costs associated with new transmission projects could have a material adverse effect on our results of operations, financial condition and cash flows.
  • If we were found not to be in compliance with the mandatory reliability standards, we could be subject to sanctions, including substantial monetary penalties.
  • We rely on access to the financial markets. General economic conditions and disruptions in the financial markets could adversely affect our ability to raise capital on favorable terms, or at all, and cause increases in our interest expense.
  • Our transmission and distribution system is subject to operational, reliability and capacity risks.
  • Current and future conditions in the economy may adversely affect our customers, suppliers and other counterparties, which may adversely affect our results of operations, financial condition and cash flows.
  • The level of our indebtedness, and the security provided for this indebtedness, could adversely affect our financial flexibility, and a material change in market interest rates could adversely affect our results of operations, financial condition and cash flows.
  • Economic conditions relating to the asset performance and interest rates of our pension and postemployment benefit plans could materially and adversely impact our results of operations, financial condition and cash flows.
  • Counterparties providing materials or services may fail to perform their obligations, which could harm our results of operations, financial condition and cash flows.
  • Accidental improprieties and undetected errors in our internal controls and information reporting could result in the disallowance of cost recovery, noncompliant disclosure or incorrect payment processing.
  • New accounting standards or changes to existing accounting standards could materially affect how we report our results of operations, financial condition and cash flows.
  • We are subject to extensive laws and local, state and federal regulation, as well as litigation and other proceedings that could affect our operations and costs.
  • Tax legislation initiatives or challenges to our tax positions could adversely affect our operations and financial condition.
  • If we are unable to maintain a qualified and properly motivated workforce, it could have a material adverse effect on our results of operations, financial condition and cash flows.
  • We are subject to collective bargaining agreements that could adversely affect our business, results of operations, financial condition and cash flows.
  • Potential security breaches (including cybersecurity breaches) and terrorism risks could adversely affect our businesses.
  • DPL is a holding company and parent of DP&L and other subsidiaries. DPL’s cash flow is dependent on the cash flows of DP&L and its other subsidiaries and their ability to pay cash to DPL.
  • Our ownership by AES subjects us to potential risks that are beyond our control.
  • Impairment of long-lived assets would negatively affect our consolidated results of operations and net worth.
Management Discussion
  • DPL manages its business through one reportable operating segment, the Utility segment. The primary segment performance measure is income / (loss) from continuing operations before income tax as management has concluded that this measure best reflects the underlying business performance of DPL and is the most relevant measure considered in DPL’s internal evaluation of the financial performance of its segment. The Utility segment is discussed further below.
  • The Utility segment is comprised of DP&L’s electric transmission and distribution businesses, which distribute electricity to residential, commercial, industrial and governmental customers. DP&L distributes electricity to more than 527,000 retail customers located in a 6,000-square mile area of West Central Ohio. DP&L’s electric transmission and distribution businesses are subject to rate regulation by federal and state regulators. Accordingly, DP&L applies the accounting standards for regulated operations to its electric transmission and distribution businesses recording regulatory assets when incurred costs are expected to be recovered in future customer rates and regulatory liabilities when current cost recoveries in customer rates relate to expected future costs. The Utility segment includes revenues and costs associated with our investment in OVEC and DP&L’s Hutchings Coal generating facility, which was closed in 2013. This facility did not transfer to AES Ohio Generation as part of DP&L's Generation Separation on October 1, 2017. Thus, it is grouped within the Utility segment for segment reporting purposes. In addition, regulatory deferrals and collections, which include collections and amortization of fuel deferrals from historical periods, are included in the Utility segment.
  • Included within the “Other” column are other businesses that do not meet the GAAP requirements for disclosure as reportable segments as well as certain corporate costs, which include interest expense and loss on early extinguishment of debt on DPL's long-term debt as well as adjustments related to purchase accounting from the Merger. DPL's undivided interest in Conesville is included within the "Other" column as it does not meet the requirement for disclosure as a reportable operating segment. The accounting policies of the reportable segment are the same as those described in Note 1 – Overview and Summary of Significant Accounting Policies of our 10-K. Intersegment sales, costs of sales and expenses are eliminated in consolidation. Certain shared and corporate costs are allocated between "Other" and the Utility reporting segment.
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