What does retail — equity investments in affiliates mean?

The value of the company's ownership stakes in retail-related partner companies.

How do you interpret retail — equity investments in affiliates?

An increase suggests strategic expansion into new markets or services through partnerships, while a decrease may indicate divestment or impairment of these interests.

How does retail — equity investments in affiliates compare across companies?

Commonly reported as 'Investments in Equity Method Affiliates' or 'Joint Venture Interests' by peer energy retailers.

NRG Energy NRG Retail — Equity investments in affiliates

Discontinued — last reported Q4 '19

Similar metrics at other companies

HRLRetail — Equity in Earnings of Affiliates

$11.17M+31.9%

CNP

CNPElectric — Equity in earnings (loss) of unconsolidated affiliates, net

$0—

FEDistribution — Equity method investment earnings, net (Note 1.)

$0—

DTEEnergy Trading — Investments in equity method investees

$0—

NRZ

NRZConsumer Loans — Investments in equity method investees at fair value

——

NRZ

NRZOperating Segments — Equity Method Investments Consolidated

——

Other financials

Income statement

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Revenue$10.3B+19.5%

Gross profit$1.4B-30.9%

Operating income$328.0M-71.1%

Net income$125.0M-83.3%

EPS (diluted)$0.52-85.6%

Balance sheet

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Cash & equivalents$178.0M-74.3%

Total debt$26.8B+122%

Total equity$4.9B+75.5%

Total assets$40.1B+60.3%

Cash flow

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Operating cash flow-$169.0M-120%

CapEx$317.0M+46.1%

Free cash flow-$486.0M-176%

Valuation

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Market cap$28.5B+59.6%

Enterprise value$55.13B+87.0%

P/E119.2×+106×

P/S0.9×+0.3×

Profitability

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Gross margin16.4%-5.0pp

Operating margin3.2%-6.0pp

Net margin0.7%-3.9pp

FCF margin5.7%—

Returns & leverage

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Return on equity6.2%-38.7pp

Debt / equity5.5×+1.1×

Current ratio0.8×-0.2×

Where this comes from

Reported directly by NRG Energy in its filing.

Tagged under the XBRL concept us-gaap:EquityMethodInvestments.

The official record: NRG Energy’s 10-K, filed February 27, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does retail — equity investments in affiliates mean?: The value of the company's ownership stakes in retail-related partner companies.
How do you interpret retail — equity investments in affiliates?: An increase suggests strategic expansion into new markets or services through partnerships, while a decrease may indicate divestment or impairment of these interests.
How does retail — equity investments in affiliates compare across companies?: Commonly reported as 'Investments in Equity Method Affiliates' or 'Joint Venture Interests' by peer energy retailers.