Investor Presentaiton
L
Appendix 49
Summary Financial Results (Full Year)
(in millions except per share amounts)
Twelve Months Ended December 31,
2020
2019
Variance
% Variance
Operating Revenues
Cost of Sales
1,198.7 $
1,257.9
(59.2)
(4.7%)
306.2
318.0
(11.8)
(3.7%)
Gross Margin (1)
892.5
939.9
(47.4)
(5.0%)
Operating Expenses
Operating, general & administrative
297.1
318.2
(21.1)
(6.6%)
Property and other taxes
179.5
171.9
7.6
4.4%
Depreciation and depletion
179.7
172.9
6.8
3.9%
Total Operating Expenses
Operating Income
656.3
663.0
(6.7)
(1.0%)
236.2
276.9
(40.7)
(14.7%)
Interest Expense
(96.8)
(95.1)
(1.7)
(1.8%)
Other Income, net
4.8
0.4
4.4
(1237.0%)
Income Before Taxes
144.2
182.2
(37.9)
(20.8%)
Income Tax Benefit
11.0
19.9
(8.9)
(44.7%)
Net Income
155.2
202.1
$
(46.9)
(23.2%)
Effective Tax Rate
(7.6%)
(10.9%)
3.3%
Diluted: Average Shares Outstanding
50.7
50.8
(0.1)
(0.2%)
Diluted Earnings Per Share
3.06
3.98
(0.92)
(23.1%)
Dividends Paid per Common Share
2.40
2.30
0.10
4.3%
(1) Gross Margin, defined as revenues less cost of sales, is a non-GAAP Measure.
See appendix for additional disclosure.
NorthWestern
Energy
Delivering a Bright FutureView entire presentation