Washington Gas Light Co. financial statements (2022 and earlier)

Company profile

Business Address 1000 MAINE AVE, S.W.
WASHINGTON, DC 20024
State of Incorp. DC
Fiscal Year End December 31
SIC 4924 - Natural Gas Distribution (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments017 
Cash and cash equivalents017 
Receivables468411 
Inventory, net of allowances, customer advances and progress billings7188 
Inventory7188 
Prepaid expense5568 
Derivative instruments and hedges, assets57 
Regulatory current assets31  
Other current assets720 
Other undisclosed current assets2033 
Total current assets:657643 
Noncurrent Assets
Finance lease, right-of-use asset0 
Property, plant and equipment 4,383 
Regulated entity, other noncurrent assets718  
Restricted cash and investments15  
Deferred costs 671 
Other undisclosed noncurrent assets4,679  
Total noncurrent assets:5,4135,054 
TOTAL ASSETS:6,0705,697 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:292267 
Accounts payable201154 
Accrued liabilities3134 
Employee-related liabilities2239 
Taxes payable2724 
Interest and dividends payable1817 
Other undisclosed accounts payable and accrued liabilities(7)(2) 
Deferred revenue39 
Debt185305 
Derivative instruments and hedges, liabilities74 
Asset retirement obligation55 
Due to related parties3058 
Other liabilities730 
Other undisclosed current liabilities99164 
Total current liabilities:664834 
Noncurrent Liabilities
Long-term debt and lease obligation, including:511,431 
Long-term debt, excluding current maturities 1,431 
Finance lease, liability0 
Operating lease, liability5154
Other undisclosed long-term debt and lease obligation (54) 
Liabilities, other than long-term debt1,073947 
Accumulated deferred investment tax credit 3 
Asset retirement obligations212207 
Deferred income tax liabilities657462
Liability, pension and other postretirement and postemployment benefits65116 
Other liabilities5062 
Derivative instruments and hedges, liabilities8998 
Other undisclosed noncurrent liabilities878  
Total noncurrent liabilities:2,0032,378 
Total liabilities:2,6673,212 
Stockholders' equity
Stockholders' equity attributable to parent, including:1,8561,572 
Other undisclosed stockholders' equity attributable to parent1,8561,572 
Total stockholders' equity:1,8561,572 
Other undisclosed liabilities and equity1,547912 
TOTAL LIABILITIES AND EQUITY:6,0705,697 

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
9/30/2018
Revenues1,2341,299 
Gross profit:1,2341,299 
Operating expenses(1,026)(1,159) 
Other undisclosed operating income 32 
Operating income:208172 
Nonoperating income
(Other Nonoperating income)
229 
Interest and debt expense(65)(63) 
Income from continuing operations before income taxes:165119 
Income tax expense(33)(19) 
Net income attributable to parent:132100 
Other undisclosed net loss available to common stockholders, basic (2) 
Net income available to common stockholders, diluted:13298 

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
9/30/2018
Net income:132100 
Other comprehensive income (loss)(3)12 
Comprehensive income, net of tax, attributable to parent:129111 

Statements sources

The financial statements are based on the company's filings with the 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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