How do you interpret regulated transmission — property, plant and equipment?

An increasing trend indicates significant capital investment and expansion of the transmission network.

How does regulated transmission — property, plant and equipment compare across companies?

Standard 'Gross Plant' metric used by all utilities to describe the scale of their infrastructure.

FirstEnergy FE Regulated Transmission — Property, plant and equipment

Discontinued — last reported Q4 '19

Similar metrics at other companies

CNP

CNPElectric Transmission Distribution — Property Plant And Equipment Gross

$11.5B+6.1%

ESElectric Transmission — Total Assets

$17.23B+6.3%

AEPTransmission Operations — Total Assets

$20.28B—

MTZ

MTZElectrical Transmission — Total Assets

$541.6M+16.7%

AEPTransmission And Distribution Utilities — Total Assets

$30.25B—

WECElectric Transmission — Total Assets

$2.37B+9.7%

Other financials

Income statement

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Revenue$4.2B+11.6%

Operating income$828.0M+9.8%

Net income$405.0M+12.5%

EPS (diluted)$0.70+12.9%

Balance sheet

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Cash & equivalents$52.0M-60.6%

Total debt$27.6B+20.9%

Total equity$12.7B+0.7%

Total assets$56.9B+7.9%

Cash flow

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Operating cash flow$148.0M-76.8%

CapEx$1.3B+24.9%

Free cash flow-$1.1B-201%

Valuation

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Market cap$26.87B+25.6%

Enterprise value$54.45B+23.5%

P/E24.1×+4.4×

P/S1.7×+0.2×

Profitability

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Operating margin14.8%-3.2pp

Net margin7.2%-0.6pp

FCF margin-11.2%—

Returns & leverage

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Return on equity8.8%+0.1pp

Debt / equity2.2×+0.4×

Current ratio0.5×+0.1×

Where this comes from

Reported directly by FirstEnergy in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentNet.

The official record: FirstEnergy’s 10-K/A, filed November 19, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does regulated transmission — property, plant and equipment mean?: The total historical cost of all transmission infrastructure assets.
How do you interpret regulated transmission — property, plant and equipment?: An increasing trend indicates significant capital investment and expansion of the transmission network.
How does regulated transmission — property, plant and equipment compare across companies?: Standard 'Gross Plant' metric used by all utilities to describe the scale of their infrastructure.