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  • FPL Group Template

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    sathyanl90
    368 просмотров3 страницы
    This document provides financial projections and key metrics for FPL Group and several other electric utility companies for the years 1993-1998. It forecasts that FPL Group will have steady income growth over this period but cash flow will be negative until 1997 due to large capital expenditures and dividend payments exceeding cash flow. The payout ratio, which measures dividends paid out as a percentage of earnings, is projected to decrease from 107% to 76% over this time period as cash flow improves. In the final section, key financial ratios and metrics like return on equity, earnings per share, and dividend payout are presented for FPL Group and its competitors to facilitate comparison.

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    FPL Group Template

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    This document provides financial projections and key metrics for FPL Group and several other electric utility companies for the years 1993-1998. It forecasts that FPL Group will have steady income growth over this period but cash flow will be negative until 1997 due to large capital expenditures and dividend payments exceeding cash flow. The payout ratio, which measures dividends paid out as a percentage of earnings, is projected to decrease from 107% to 76% over this time period as cash flow improves. In the final section, key financial ratios and metrics like return on equity, earnings per share, and dividend payout are presented for FPL Group and its competitors to facilitate comparison.

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    © All Rights Reserved
    Скачайте в формате XLSX, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    368 просмотров3 страницы

    FPL Group Template

    Загружено:

    sathyanl90
    This document provides financial projections and key metrics for FPL Group and several other electric utility companies for the years 1993-1998. It forecasts that FPL Group will have steady income growth over this period but cash flow will be negative until 1997 due to large capital expenditures and dividend payments exceeding cash flow. The payout ratio, which measures dividends paid out as a percentage of earnings, is projected to decrease from 107% to 76% over this time period as cash flow improves. In the final section, key financial ratios and metrics like return on equity, earnings per share, and dividend payout are presented for FPL Group and its competitors to facilitate comparison.

    Авторское право:

    © All Rights Reserved
    Скачайте в формате XLSX, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 3

    Dividend Policy at FPL Group, Inc.

    Cash Flow Forecast (From Ex. 6)


    (Amounts in $ Millions)
    Sources and Uses

    1993
    (Act.)

    1994
    (Est.)

    1995
    (Est.)

    1996
    (Est.)

    1997
    (Est.)

    1998
    (Est.)

    Total,
    94-'98

    Net Income

    429
    598

    557
    5.69%
    711

    576
    3.41%
    741

    596
    3.47%
    778

    615
    3.19%
    795

    2,871

    Depreciation and Amortization

    527
    22.84%
    665

    1,027

    1,192

    1,268

    1,317

    1,374

    1,410

    6,561

    1,337
    11
    43

    901
    2
    40

    831
    81
    40

    743
    101
    40

    769
    4
    40

    624
    185
    40

    3,868
    373
    200

    1,391

    943

    952

    884

    813

    849

    4,441

    (364)
    461

    249
    474

    316
    482

    433
    478

    561
    474

    561
    467

    2,120
    2,375

    (825)

    (225)

    (166)

    (45)

    87

    94

    (255)

    Beginning Cash
    Beginning Mkt Securities
    Estimated Ending Cash
    Est. Ending Cash w/o Selling Securities

    152
    172
    99
    (73)

    99
    172
    (47)
    (67)

    (47)
    172
    (19)
    (92)

    (19)
    172
    287
    68

    287
    172
    572
    381

    152

    186.4
    $2.47
    107%

    191.5
    $2.48
    90%

    192.1
    $2.51
    87%

    192.1
    $2.49
    83%

    192.1
    $2.47
    80%

    192.1
    $2.43
    76%

    Major Sources of Cash


    Capital Expenditures
    Maturing Debt
    Preferred Dividends
    Major Uses of Cash
    Cash Flow Before Com. Div's
    Less: Common Dividends
    Net Cash Flow

    Memo items
    Shares Outstanding (Millions)
    Dividends/Share
    Payout Ratio

    3,690

    FPL Group Carolina Power


    Markets and Customers
    Total kWH produced

    Duke Power Florida Progress SCANA Corp

    72454.7

    45505

    76058

    28647.8

    16880

    46.4%
    47.3%

    48.2%
    49.1%

    39.9%
    50.9%

    48.7%
    47.5%

    50.2%
    47.0%

    12.5%
    2.75 $
    5.85 $
    2.47 $
    6.0%
    91.0%

    13.6%
    2.23 $
    5.09 $
    1.66 $
    5.0%
    74.0%

    13.2%
    2.80 $
    5.80 $
    1.84 $
    5.0%
    68.0%

    10.9%
    2.26 $
    5.59 $
    1.95 $
    6.0%
    87.0%

    12.6%
    3.72
    6.02
    2.74
    6.0%
    74.0%

    Cap. Structure
    Long term debt/Total Cap.
    Common Stock/Total Cap.
    Profitability
    Return on Common Stock
    EPS
    $
    Cash flow per share
    $
    Dividend per common share $
    Dividend yield
    Payout ratio
    weights
    weighted avg payout ratio
    simple avg

    20.0%
    14.80%
    74.15%
    75.2%

    30.0%
    20.40%

    15.0%
    13.05%

    15.0%
    11.10%

    Southern Co TECO Energy Inc.

    $
    $
    $

    119206

    13446.5

    45.1%
    46.8%

    49.1%
    48.3%

    13.0%
    1.57 $
    3.16 $
    1.14 $
    5.0%
    75.0%

    14.3%
    1.30
    2.70
    0.95
    4.0%
    73.0%

    10.0%
    7.50%

    10.0%
    7.30%

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