Key drivers influencing the Other category results in 2012 included the following:
- An estimated $4.3 million decrease in interest expense from the lower interest rate on the refinanced long-term debt that was underlying the Equity Units;
- The resolution of $2.3 million of general tax related matters in 2011; and
- A benefit of $1.6 million from the release of uncertain tax positions in 2012.
The above factors were offset by the following:
- A $2.2 million tax benefit from a valuation allowance reversal in 2011; and
- A $1.8 million after-tax loss on the sale of real estate during 2012.
For the 2012 fourth quarter, the Other category recorded a loss of $2.1 million or $0.01 per share compared to a loss of $8.3 million or $0.06 per share for the same period in 2011. The results for the Other category in the fourth quarter 2012 were impacted by the decrease in interest expense from the lower interest rate on the refinanced long-term debt that was underlying the Equity Units.
Great Plains Energy will post its 2012 Form 10-K, as well as supplemental financial information related to the fourth quarter and full-year performance on its website, www.greatplainsenergy.com .Earnings Webcast Information: An earnings conference call and webcast is scheduled for 9:00 a.m. EST Friday, March 1, 2013, to review the company’s fourth quarter and full-year 2012 financial results and business outlook. A live audio webcast of the conference call, presentation slides, supplemental financial information, and the earnings press release will be available on the investor relations page of Great Plains Energy’s website at www.greatplainsenergy.com. The webcast will be accessible only in a “listen-only” mode. The conference call may be accessible by dialing (877) 791-9323 (U.S./Canada) or (706) 758-1332 (international) five to ten minutes prior to the scheduled start time. The pass code is 86172329.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV