Dynegy Inc. (DYN, Financial) filed Quarterly Report for the period ended 2010-03-31.
Dynegy Inc. has a market cap of $1.01 billion; its shares were traded at around $1.19 with a P/E ratio of 5.17 and P/S ratio of 0.41. DYN is in the portfolios of Steven Cohen of SAC Capital Advisors, Murray Stahl of Horizon Asset Management, Charles Brandes of Brandes Investment.
Historical Operating Cash Flows. Dynegy s cash flow provided by operations totaled $458 million for the three months ended March 31, 2010. DHI s cash flow provided by operations totaled $461 million for the three months ended March 31, 2010. During the period, our power generation business provided positive cash flow from operations of $537 million from the operation of our power generation facilities due primarily to cash received for changes in value of our positions with a futures clearing manager. Corporate and other operations included a use of approximately $79 million and $76 million in cash by Dynegy and DHI, respectively, primarily due to interest payments to service debt and general and administrative expenses, partially offset by interest income.
Dynegy s cash flow provided by operations totaled $165 million for the three months ended March 31, 2009. DHI s cash flow provided by operations totaled $183 million for the three months ended March 31, 2009. During the period, our power generation business provided positive cash flow from operations of $255 million from the operation of our power generation facilities, reflecting positive earnings for the period. Corporate and other operations included a use of approximately $90 million and $72 million in cash by Dynegy and DHI, respectively, primarily due to interest payments to service debt and general and administrative expenses, partially offset by interest income.
Other Investing Activities. Cash outflow related to purchases of marketable securities during the three months ended March 31, 2010 totaled $114 million for both Dynegy and DHI. Cash inflow related to distributions from short-term investments for the three months ended March 31, 2010 were $9 million and $8 million for Dynegy and DHI, respectively. There was a $35 million cash outflow related to restricted cash balances during the three months ended March 31, 2010 due to an increase in the Independence restricted cash balance.
Cash inflow related to short-term investments during the three months ended March 31, 2009 totaled $8 million for both Dynegy and DHI, reflecting a distribution from our short-term investments. There was a $32 million cash outflow during the three months ended March 31, 2009 due to changes in restricted cash balances primarily due to a $35 million increase in the Independence restricted cash balance.
Dynegy s net cash provided by financing activities during the three months ended March 31, 2009 totaled $25 million primarily related to proceeds from long-term borrowings under the PPEA credit agreement facility. DHI s net cash used in financing activities during the three months ended March 31, 2009 totaled $150 million. This includes a one-time dividend payment from DHI to Dynegy of $175 million offset by $25 million primarily related to proceeds from long-term borrowings under the PPEA credit agreement facility.
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Dynegy Inc. has a market cap of $1.01 billion; its shares were traded at around $1.19 with a P/E ratio of 5.17 and P/S ratio of 0.41. DYN is in the portfolios of Steven Cohen of SAC Capital Advisors, Murray Stahl of Horizon Asset Management, Charles Brandes of Brandes Investment.
Highlight of Business Operations:
Cash on Hand. At May 3, 2010 and March 31, 2010, Dynegy had cash on hand of $594 million and $688 million, respectively, as compared to $471 million at December 31, 2009. The increase in cash on hand as compared to the end of 2009 is primarily attributable to the return of cash that was held in our Broker margin account at December 31, 2009.Historical Operating Cash Flows. Dynegy s cash flow provided by operations totaled $458 million for the three months ended March 31, 2010. DHI s cash flow provided by operations totaled $461 million for the three months ended March 31, 2010. During the period, our power generation business provided positive cash flow from operations of $537 million from the operation of our power generation facilities due primarily to cash received for changes in value of our positions with a futures clearing manager. Corporate and other operations included a use of approximately $79 million and $76 million in cash by Dynegy and DHI, respectively, primarily due to interest payments to service debt and general and administrative expenses, partially offset by interest income.
Dynegy s cash flow provided by operations totaled $165 million for the three months ended March 31, 2009. DHI s cash flow provided by operations totaled $183 million for the three months ended March 31, 2009. During the period, our power generation business provided positive cash flow from operations of $255 million from the operation of our power generation facilities, reflecting positive earnings for the period. Corporate and other operations included a use of approximately $90 million and $72 million in cash by Dynegy and DHI, respectively, primarily due to interest payments to service debt and general and administrative expenses, partially offset by interest income.
Other Investing Activities. Cash outflow related to purchases of marketable securities during the three months ended March 31, 2010 totaled $114 million for both Dynegy and DHI. Cash inflow related to distributions from short-term investments for the three months ended March 31, 2010 were $9 million and $8 million for Dynegy and DHI, respectively. There was a $35 million cash outflow related to restricted cash balances during the three months ended March 31, 2010 due to an increase in the Independence restricted cash balance.
Cash inflow related to short-term investments during the three months ended March 31, 2009 totaled $8 million for both Dynegy and DHI, reflecting a distribution from our short-term investments. There was a $32 million cash outflow during the three months ended March 31, 2009 due to changes in restricted cash balances primarily due to a $35 million increase in the Independence restricted cash balance.
Dynegy s net cash provided by financing activities during the three months ended March 31, 2009 totaled $25 million primarily related to proceeds from long-term borrowings under the PPEA credit agreement facility. DHI s net cash used in financing activities during the three months ended March 31, 2009 totaled $150 million. This includes a one-time dividend payment from DHI to Dynegy of $175 million offset by $25 million primarily related to proceeds from long-term borrowings under the PPEA credit agreement facility.
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