DYN » Topics » Cash Flow

This excerpt taken from the DYN 8-K filed Feb 26, 2009.
Cash Flow

Adjusted Cash Flow from Operations totaled an inflow of $349 million for the 12 months ended December 31, 2008. There was a cash inflow of $878 million from the power generation business, offset by outflows of $529 million in Other resulting primarily from interest payments and general and administrative expenses, net of interest income.

For the 12 months ended December 31, 2008, Dynegy’s Adjusted Free Cash Flow was an outflow of $25 million. Capital expenditures included maintenance and environmental capital expenditures of $139 million and $235 million, respectively, the latter of which reflects the company’s continuing investment in environmental upgrades.

For the 12 months ended December 31, 2007, Dynegy’s Adjusted Free Cash Flow was an inflow of $155 million. This consisted of Adjusted Cash Flow from Operations of $370 million, offset by maintenance and environmental capital expenditures of $126 million and $89 million, respectively.

On a GAAP basis, Cash Flow from Operations for the 12 months ended December 31, 2008 and December 31, 2007 was $319 million and $341 million, respectively. Net cash used in investing activities for the 12 months ended December 31, 2008 and December 31, 2007 was $102 million and $817 million, respectively. Net cash provided by financing activities for the 12 months ended December 31, 2008 and December 31, 2007 was $148 million and $433 million, respectively.

 

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This excerpt taken from the DYN 8-K filed Nov 6, 2008.
Cash Flow

Adjusted Cash Flow from Operations totaled an inflow of $421 million for the nine months ended September 30, 2008. There was a cash inflow of $764 million from the power generation business, offset by outflows of $343 million in Other resulting primarily from interest payments and general and administrative expenses.

For the nine months ended September 30, 2008, Dynegy’s Adjusted Free Cash Flow was an inflow of $156 million. Capital expenditures included maintenance and environmental capital expenditures of $94 million and $171 million, respectively, the latter of which reflects the company’s continuing investment in environmental upgrades.

For the nine months ended September 30, 2007, Dynegy’s Adjusted Free Cash Flow was an inflow of $231 million. This consisted of Adjusted Cash Flow from Operations of $377 million, offset by maintenance and environmental capital expenditures of $86 million and $60 million, respectively.

Net cash provided by operating activities for the nine months ended September 30, 2008 and September 30, 2007 was $397 million and $366 million, respectively. Net cash used in investing activities for the nine months ended September 30, 2008 and September 30, 2007 was $108 million and $503 million, respectively. Net cash provided by financing activities for the nine months ended September 30, 2008 and September 30, 2007 was $133 million and $404 million, respectively.

 

2008 Guidance Estimates

Guidance estimates have been reduced from the previous guidance presented on August 7, 2008, largely to reflect the following:

 

Relating to the Midwest segment, decreased runtimes due to milder than normal summer weather;

 

Relating to the West segment, Dynegy’s share of losses on Sandy Creek interest rate swaps, as well as reduced resource adequacy payments; and

 

Relating to the Northeast segment, increased South American coal costs and compressed spark spreads that limited the runtimes of combined-cycle units.

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This excerpt taken from the DYN 8-K filed Aug 7, 2008.
Cash Flow

Adjusted Cash Flow from Operations totaled an inflow of $53 million for the six months ended June 30, 2008. This consisted of a cash inflow of $328 million from the power generation business, which was net of increased cash collateral postings. The cash inflow from the power generation business was offset by outflows of $275 million in Other resulting primarily from interest payments and general and administrative expenses. The GAAP measure of Cash Flow from Operations for the six months ended June 30, 2008, was $32 million, which gives effect to legal and regulatory payments of $21 million.

For the six months ended June 30, 2008, Dynegy’s Adjusted Free Cash Flow (Adjusted Cash Flow from Operations less outflow from maintenance and environmental capital expenditures) was an outflow of $104 million. Capital expenditures included maintenance and environmental capital expenditures of $63 million and $94 million, respectively, the latter of which reflects the company’s continued investment in environmental upgrades.

For the six months ended June 30, 2007, Dynegy’s Adjusted Free Cash Flow was an inflow of $41 million. This consisted of Adjusted Cash Flow from Operations of $139 million, offset by maintenance and environmental capital expenditures of $60 million and $38 million, respectively.

 

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This excerpt taken from the DYN 8-K filed Feb 27, 2008.

Cash Flow

          The company generated cash flow from operations, including working capital changes, of $341 million for 2007. This consisted of a cash inflow of $934 million from the power generation business, which was partially offset by a cash outflow of $563 million in Other resulting primarily from interest payments

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and general and administrative expenses. In addition, the Customer Risk Management segment had net cash outflows of $30 million, which largely related to gas purchases to satisfy legacy positions.

          Cash outflows for maintenance and environmental capital expenditures were $218 million. For 2007, Dynegy’s free cash flow (cash flow from operations less maintenance and environmental capital expenditures) was $123 million. For 2006, the cash outflow from operations was $194 million and maintenance and environmental capital expenditures were $155 million, resulting in a free cash outflow of $349 million.

This excerpt taken from the DYN 8-K filed Feb 27, 2007.

Cash Flow

Cash flow from operations, including working capital changes, totaled an outflow of $194 million for the 12 months ended December 31, 2006. There was a cash inflow of $698 million from the power generation business. In the company’s CRM business, there were cash outflows of $461 million, which were primarily related to the payment to exit the Sterlington power tolling arrangement and the payment of legal and settlement charges. In the company’s Other results, there were cash outflows of $431 million, which resulted primarily from interest payments and general and administrative expenses, partially offset by interest income.

Cash flow from investing activities for the 12 months ended December 31, 2006 totaled $358 million. This consisted of net proceeds from asset sales and acquisitions of $384 million and net decreases in restricted cash and other of $129 million, partially offset by capital expenditures of $155 million.

For the 12 months ended December 31, 2006, Dynegy’s free cash flow (cash outflow from operations plus cash flow from investing activities) was an inflow of $164 million.

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