UniSource Energy Corp. (UNS, Financial) filed Quarterly Report for the period ended 2011-06-30.
Unisource Energy Corp. has a market cap of $1.32 billion; its shares were traded at around $34.87 with a P/E ratio of 13.29 and P/S ratio of 0.91. The dividend yield of Unisource Energy Corp. stocks is 4.68%. Unisource Energy Corp. had an annual average earning growth of 0.6% over the past 10 years.
Millennium is included in UniSource Energys Other Non-Reportable Segments. Millennium reported net income of $1 million in the first six months of 2011 compared with a net loss of $3 million in the same period last year. Millenniums results in the first six months of 2010 include an after-tax impairment loss of $3 million related to one of its investments.
Net cash flows used for investing activities decreased by $32 million in the first six months of 2011. Investing activities in the first six months of 2011 included a $17 million increase in proceeds from investments in Springerville lease debt and a $41 million increase in capital expenditures. Investing activities in the first six months of 2010 included the use of $51 million in March 2010 for the purchase of Sundt Unit 4 by TEP.
Net cash flows from financing activities were $10 million higher in the first six months of 2011 compared with the same period last year primarily due to: a $43 million increase in borrowings, net of repayments, under revolving credit facilities; partially offset by an $18 million increase in payments on capital lease obligations; a $13 million decline in proceeds from long-term debt, net of repayments; and a $3 million increase in common stock dividends paid.
In the first six months of 2010, UED paid a $9 million dividend to UniSource Energy, of which $4 million represented a return of capital distribution. During the same period last year, UniSource Energy contributed $15 million in capital to TEP to help fund the purchase of Sundt Unit 4.
UniSource Energy has $150 million of 4.50% Convertible Senior Notes due 2035. Each $1,000 of Convertible Senior Notes can be converted into 28.447 shares of UniSource Energy Common Stock at any time, representing a conversion price of approximately $35.15 per share of our Common Stock, subject to adjustments. The closing price of UniSource Energys Common Stock was $38.04 on July 25, 2011.
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Unisource Energy Corp. has a market cap of $1.32 billion; its shares were traded at around $34.87 with a P/E ratio of 13.29 and P/S ratio of 0.91. The dividend yield of Unisource Energy Corp. stocks is 4.68%. Unisource Energy Corp. had an annual average earning growth of 0.6% over the past 10 years.
Highlight of Business Operations:
Millennium is included in UniSource Energys Other Non-Reportable Segments. Millennium reported net income of less than $1 million in the second quarter of 2011 compared with a net loss of $4 million in the same period last year. Millenniums results in the second quarter of 2010 include an after-tax impairment loss of $3 million related to one of its investments.Millennium is included in UniSource Energys Other Non-Reportable Segments. Millennium reported net income of $1 million in the first six months of 2011 compared with a net loss of $3 million in the same period last year. Millenniums results in the first six months of 2010 include an after-tax impairment loss of $3 million related to one of its investments.
Net cash flows used for investing activities decreased by $32 million in the first six months of 2011. Investing activities in the first six months of 2011 included a $17 million increase in proceeds from investments in Springerville lease debt and a $41 million increase in capital expenditures. Investing activities in the first six months of 2010 included the use of $51 million in March 2010 for the purchase of Sundt Unit 4 by TEP.
Net cash flows from financing activities were $10 million higher in the first six months of 2011 compared with the same period last year primarily due to: a $43 million increase in borrowings, net of repayments, under revolving credit facilities; partially offset by an $18 million increase in payments on capital lease obligations; a $13 million decline in proceeds from long-term debt, net of repayments; and a $3 million increase in common stock dividends paid.
In the first six months of 2010, UED paid a $9 million dividend to UniSource Energy, of which $4 million represented a return of capital distribution. During the same period last year, UniSource Energy contributed $15 million in capital to TEP to help fund the purchase of Sundt Unit 4.
UniSource Energy has $150 million of 4.50% Convertible Senior Notes due 2035. Each $1,000 of Convertible Senior Notes can be converted into 28.447 shares of UniSource Energy Common Stock at any time, representing a conversion price of approximately $35.15 per share of our Common Stock, subject to adjustments. The closing price of UniSource Energys Common Stock was $38.04 on July 25, 2011.
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