CENTERPOINT ENERGY RESOURCES CORP Financial Statements (2024 and earlier)

Company Profile

Business Address 1111 LOUISIANA ST
HOUSTON, TX 77002
State of Incorp. TX
Fiscal Year End December 31
Industry (SIC) 4911 - Electric Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,0001,0001,0002,0001,000 
Cash and cash equivalents12,0001,0001,0002,0001,000 
Receivables1,026,000540,000563,000759,000746,000400,000
Inventory, net of allowances, customer advances and progress billings222,000252,000218,000138,000131,000160,000
Inventory222,000252,000218,000138,000131,000160,000
Derivative instruments and hedges, assets110,00064,00067,00064,00051,00049,000
Regulatory asset 130,000     
Other undisclosed current assets92,000155,000146,000150,000128,000128,000
Total current assets:1,592,0001,012,000995,0001,113,0001,057,000737,000
Noncurrent Assets
Property, plant and equipment4,852,0004,699,0004,690,0004,611,0004,569,0004,477,000
Long-term investments and receivables2,472,0002,481,0002,487,0002,502,0002,505,0002,535,000
Long-term investments2,472,0002,481,0002,487,0002,502,0002,505,0002,535,000
Intangible assets, net (including goodwill)867,000867,000867,000867,000862,000862,000
Goodwill867,000867,000867,000867,000862,000862,000
Derivative instruments and hedges44,00056,00046,00046,00019,00024,000
Other noncurrent assets285,000261,000250,000218,000206,000191,000
Total noncurrent assets:8,520,0008,364,0008,340,0008,244,0008,161,0008,089,000
TOTAL ASSETS:10,112,0009,376,0009,335,0009,357,0009,218,0008,826,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities776,000472,000469,000531,000577,000357,000
Interest and dividends payable32,00033,00032,00031,00033,00031,000
Taxes payable75,00064,00047,00071,00073,00060,000
Accounts payable669,000375,000390,000429,000471,000266,000
Debt  598,000574,000250,000285,00043,000
Derivative instruments and hedges, liabilities20,00017,00020,00028,00041,00019,000
Due to related parties611,00042,00039,00088,00040,00031,000
Customer advances and deposits76,00076,00078,00080,00080,00079,000
Other liabilities137,000118,00086,00082,000124,000153,000
Other undisclosed current liabilities 39,000     
Total current liabilities:1,659,0001,323,0001,266,0001,059,0001,147,000682,000
Noncurrent Liabilities
Long-term debt and lease obligation2,457,0002,086,0001,978,0002,157,0002,125,0002,263,000
Long-term debt, excluding current maturities2,457,0002,086,0001,978,0002,157,0002,125,0002,263,000
Liabilities, other than long-term debt2,888,0003,106,0003,177,0003,141,0003,024,0002,955,000
Deferred tax liabilities, net1,289,0002,066,0002,041,0002,014,0001,925,0001,881,000
Liability, pension and other postretirement and postemployment benefits97,000105,000105,000104,000104,00094,000
Regulatory liability1,201,000699,000795,000788,000769,000759,000
Other liabilities297,000226,000232,000227,000221,000217,000
Derivative instruments and hedges, liabilities4,00010,0004,0008,0005,0004,000
Total noncurrent liabilities:5,345,0005,192,0005,155,0005,298,0005,149,0005,218,000
Total liabilities:7,004,0006,515,0006,421,0006,357,0006,296,0005,900,000
Equity
Equity, attributable to parent3,108,0002,861,0002,914,0003,000,0002,922,0002,926,000
Additional paid in capital2,528,0002,528,0002,528,0002,528,0002,489,0002,489,000
Accumulated other comprehensive income6,0001,0003,0003,0003,0007,000
Retained earnings574,000332,000383,000469,000430,000430,000
Total equity:3,108,0002,861,0002,914,0003,000,0002,922,0002,926,000
TOTAL LIABILITIES AND EQUITY:10,112,0009,376,0009,335,0009,357,0009,218,0008,826,000

Income Statement (P&L) ($ in thousands)

3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
Revenues1,872,0001,251,0001,387,0002,093,0001,349,000978,000
Revenue, net      
Cost of revenue(1,616,000)(1,193,000)(1,296,000)(1,865,000)(1,146,000)(920,000)
Cost of goods and services sold(942,000)(832,000)(882,000)(1,129,000)48,000(683,000)
Gross profit:256,00058,00091,000228,000203,00058,000
Operating expenses(85,000)(32,000)(38,000)(34,000)(95,000)(32,000)
Operating income:171,00026,00053,000194,000108,00026,000
Nonoperating income30,00037,00030,00043,00017,00043,000
Investment income, nonoperating    29,000  
Other nonoperating income (expense)(5,000)1,0002,000 2,000(1,000)
Interest and debt expense(31,000)(32,000)(31,000)(29,000)(29,000)(29,000)
Income from continuing operations before equity method investments, income taxes:170,00031,00052,000208,00096,00040,000
Other undisclosed income from continuing operations before income taxes31,00032,00031,00029,00029,00029,000
Income from continuing operations before income taxes:201,00063,00083,000237,000125,00069,000
Income tax expense (benefit)305,000(25,000)(29,000)(90,000)(49,000)(26,000)
Income from continuing operations:506,00038,00054,000147,00076,00043,000
Income before gain (loss) on sale of properties:506,00038,00054,000147,00076,00043,000
Net income available to common stockholders, diluted:506,00038,00054,000147,00076,00043,000

Comprehensive Income ($ in thousands)

3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
Net income:506,00038,00054,000147,00076,00043,000
Other comprehensive income  1,000    
Comprehensive income:506,00039,00054,000147,00076,00043,000
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 3,000(1,000)  (8,000)1,000
Comprehensive income, net of tax, attributable to parent:509,00038,00054,000147,00068,00044,000

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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