NRG Energy was founded in 1989 and is headquartered in Princeton, US

President and Chief Executive Officer

Executive Vice President and Chief Financial Officer

Senior Vice President & Chief Compliance Officer

NRG Energy has offices in Princeton and Houston

Princeton, US (HQ)

804 Carnegie Center

Houston, US

1201 Fannin St

NRG Energy's revenue was reported to be $12.4 b in FY, 2016 which is a **16% decrease** from the previous period.

## Revenue (FY, 2016) | $12.4 b |

## Revenue growth (FY, 2015 - FY, 2016), % | (16%) |

## Gross profit (FY, 2016) | $3.8 b |

## Gross profit margin (FY, 2016), % | 31% |

## Net income (FY, 2016) | ($891 m) |

## EBIT (FY, 2016) | $527 m |

## Market capitalization (22-May-2017) | $5 b |

## Closing share price (22-May-2017) | $15.7 |

## Cash (31-Dec-2016) | $2 b |

## EV | $3.1 b |

NRG Energy's current market capitalization is $5 b.

- Source: SEC Filings

FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | |
---|---|---|---|---|

## Revenue | $11.3 b | $15.9 b | $14.7 b | $12.4 b |

## Revenue growth, % | 40% | (8%) | (16%) | |

## Cost of goods sold | $8.1 b | $11.8 b | $10.8 b | $8.6 b |

## Gross profit | $3.2 b | $4.1 b | $3.9 b | $3.8 b |

## Gross profit Margin, % | 28% | 26% | 27% | 31% |

## Operating expense total | $11 b | $14.6 b | $18.7 b | $12 b |

## EBIT | $343 m | $1.3 b | ($4 b) | $527 m |

## EBIT margin, % | 3% | 8% | (28%) | 4% |

## Interest expense | $848 m | $1.1 b | $1.1 b | $1.1 b |

## Pre tax profit | ($634 m) | $135 m | ($5.1 b) | ($875 m) |

## Income tax expense | ($282 m) | $3 m | $1.3 b | $16 m |

## Net Income | ($352 m) | $132 m | ($6.4 b) | ($891 m) |

- Source: SEC Filings

FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | |
---|---|---|---|---|

## Cash | $2.3 b | $2.1 b | $1.5 b | $2 b |

## Inventories | $898 m | $1.2 b | $1.3 b | $1.1 b |

## Current Assets | $7.6 b | $8.6 b | $7.4 b | $6.4 b |

## PP&E | $17.9 b | |||

## Goodwill | $2 b | $2.6 b | $999 m | $662 m |

## Total Assets | $33.9 b | $40.7 b | $32.9 b | $30.4 b |

## Accounts Payable | $1 b | $1.1 b | $869 m | $895 m |

## Total Debt | ||||

## Current Liabilities | $4.2 b | $4.9 b | $4.4 b | $4.4 b |

## Non-Current Liabilities | $19 b | $23.8 b | $22.7 b | $21.5 b |

## Total Liabilities | $23.2 b | $28.7 b | $27.1 b | $25.9 b |

## Additional Paid-in Capital | $7.8 b | $8.3 b | $8.3 b | $8.4 b |

## Retained Earnings | $3.7 b | $3.6 b | ($3.8 b) | |

## Total Equity | $10.5 b | $11.7 b | $5.4 b | $4.4 b |

## Financial Leverage | 3.2 x | 3.5 x | 6.1 x | 6.8 x |

FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | |
---|---|---|---|---|

## Net Income | ($352 m) | $132 m | ($6.4 b) | ($891 m) |

## Inventories | ($11 m) | ($245 m) | ($26 m) | $134 m |

## Accounts Payable | $275 m | ($12 m) | ($218 m) | ($27 m) |

## Cash From Operating Activities | $1.3 b | $1.5 b | $1.3 b | $2.1 b |

## Capital Expenditures | ($2 b) | ($909 m) | ($1.3 b) | ($1.2 b) |

## Cash From Investing Activities | ($2.5 b) | ($2.9 b) | ($1.5 b) | ($824 m) |

## Cash From Financing Activities | $1.4 b | $1.3 b | ($432 m) | ($794 m) |

## Free Cash Flow | $3.3 b | $2.4 b | $2.6 b | $3.3 b |

Y, 2016 | |
---|---|

## EV/EBIT | 5.8 x |

## EV/CFO | 1.5 x |

## EV/FCF | 0.9 x |

## Revenue/Employee | $1.2 m |

## Financial Leverage | 6.8 x |

Source: 139 public H-1B filings from NRG Energy