28 Feb 20
5 Apr 20
31 Dec 20


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
Net profit margin 17.79%
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

  • 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
  • The most important matters on which we focus in evaluating our financial condition and operating performance and allocating our resources include: (i) recurring factors which have significant impacts on operating performance such as: regulatory action, environmental matters, weather and weather-related damage in our service area, customer growth, and the local economy; (ii) our progress on performance improvement and growth strategies designed to maintain high standards in several operating areas (including safety, customer satisfaction, operations, financial and enterprise-wide performance, talent management/people, capital allocation/sustainability and corporate social responsibility) simultaneously; and (iii) our short-term and long-term financial and operating strategies. For a discussion of how we are impacted by regulation and environmental matters, please see Note 2, “Regulatory Matters” to the Financial Statements and “Environmental Matters” in “Item 1. Business.”
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