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31 Dec 19

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Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 755.4M 513.7M 490M 511.8M
Net income 227.2M 74.5M 19.6M 20.8M
Net profit margin 30.08% 14.50% 4.00% 4.06%
Operating income 275M 110.6M 50.3M 58.5M
Net change in cash NaN NaN NaN NaN
Cash on hand 13.2M NaN 0 NaN
Cost of revenue 234M 178.7M 212.6M 228.9M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 2.27B 2.26B 2.26B
Net income 328M 305.5M 284.1M 268.9M
Net profit margin 14.45% 13.51% 12.58%
Operating income 494.2M 528M 527.5M 516.4M
Net change in cash NaN NaN 0 0
Cash on hand NaN NaN 0 0
Cost of revenue 892.5M 897.6M 880.1M

Financial data from company earnings reports

Financial report summary

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Management Discussion
  • OG&E's net income increased $43.3 million, or 23.5 percent, and $14.1 million, or 4.6 percent, during the three and nine months ended September 30, 2019, respectively, as compared to the same periods in 2018. Primary drivers of the increases in net income are further discussed below.
  • Gross margin increased $67.0 million, or 14.7 percent, and $38.9 million, or 3.6 percent, during the three and nine months ended September 30, 2019, respectively, as compared to the same periods in 2018. The below factors contributed to the changes in gross margin.
  • Cost of sales for OG&E consists of fuel used in electric generation, purchased power and transmission related charges. The actual cost of fuel used in electric generation and certain purchased power costs are passed through to OG&E's customers through fuel adjustment clauses. The fuel adjustment clauses are subject to periodic review by the OCC and the APSC. OG&E's cost of sales decreased $10.4 million, or 4.3 percent, and $38.3 million, or 5.8 percent, during the three and nine months ended September 30, 2019, respectively, as compared to the same periods in 2018. The below factors contributed to the changes in cost of sales.
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