Washington Gas Light Co. Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1000 MAINE AVE, S.W. WASHINGTON, DC 20024 |
| State of Incorp. | DC |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4924 - Natural Gas Distribution (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1 | 1,214 | 1 | 42,418 | 17,069 | 1 | |||
| Cash and cash equivalents | 1 | 1,214 | 1 | 42,418 | 17,069 | 1 | |||
| Receivables | 468,013 | 219,569 | 239,543 | 354,240 | 410,785 | 227,162 | |||
| Inventory, net of allowances, customer advances and progress billings | 70,582 | 72,077 | 52,003 | 31,547 | 87,977 | 92,450 | |||
| Inventory | 70,582 | 72,077 | 52,003 | 31,547 | 87,977 | 92,450 | |||
| Prepaid expense | 54,527 | 48,655 | 55,636 | 60,560 | 68,443 | 53,019 | |||
| Derivative instruments and hedges, assets | 5,049 | 4,665 | 4,511 | 11,248 | 6,553 | 3,562 | |||
| Regulatory asset | 31,376 | 18,643 | 23,518 | 35,217 | |||||
| Other current assets | 6,836 | 7,666 | 11,491 | 11,491 | 19,619 | 4,378 | |||
| Other undisclosed current assets | 20,389 | 20,682 | 20,187 | 19,964 | 32,605 | 28,670 | |||
| Total current assets: | 656,773 | 393,171 | 406,890 | 566,685 | 643,051 | 409,242 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 400 | ||||||||
| Property, plant and equipment | 4,580,749 | 4,505,577 | 4,443,453 | 4,383,148 | 4,416,885 | ||||
| Regulated entity, other noncurrent assets | 718,023 | 656,497 | 630,853 | 637,878 | |||||
| Restricted cash and investments | 15,288 | ||||||||
| Deferred costs | 670,540 | 605,592 | |||||||
| Other undisclosed noncurrent assets | 4,679,213 | ||||||||
| Total noncurrent assets: | 5,412,924 | 5,237,246 | 5,136,430 | 5,081,331 | 5,053,688 | 5,022,477 | |||
| TOTAL ASSETS: | 6,069,697 | 5,630,417 | 5,543,320 | 5,648,016 | 5,696,739 | 5,431,719 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 292,454 | 216,958 | 236,181 | 219,773 | 267,408 | 182,784 | |||
| Interest and dividends payable | 18,400 | 3,200 | 17,300 | 3,100 | 17,300 | 4,193 | |||
| Taxes payable | 26,637 | 28,281 | 31,610 | 29,280 | 23,781 | 35,281 | |||
| Employee-related liabilities | 22,300 | 20,900 | 24,800 | 20,600 | 39,200 | 16,500 | |||
| Accounts payable | 201,200 | 135,300 | 137,200 | 135,900 | 154,300 | 139,400 | |||
| Accrued liabilities | 31,100 | 32,000 | 32,700 | 36,100 | 34,400 | 26,900 | |||
| Other undisclosed accounts payable and accrued liabilities | (7,183) | (2,723) | (7,429) | (5,207) | (1,573) | (39,490) | |||
| Deferred revenue | 38,743 | 38,267 | 30,747 | 33,103 | |||||
| Debt | 185,053 | 169,959 | 34,882 | 51,263 | 305,333 | 167,000 | |||
| Derivative instruments and hedges, liabilities | 7,053 | 9,622 | 7,027 | 6,166 | 4,069 | 12,775 | |||
| Asset retirement obligation | 5,000 | 4,800 | |||||||
| Other liabilities | 6,543 | 34,196 | 29,789 | 29,788 | 30,032 | 7,266 | |||
| Due to related parties | 29,526 | 63,176 | 62,470 | 71,193 | 57,923 | 68,066 | |||
| Other undisclosed current liabilities | 99,468 | 65,888 | 74,292 | 116,389 | 164,432 | 180,890 | |||
| Total current liabilities: | 663,840 | 598,066 | 475,388 | 527,675 | 833,997 | 618,781 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 51,194 | 52,087 | 1,483,105 | 1,483,693 | 1,430,949 | 1,331,116 | |||
| Long-term debt, excluding current maturities | 1,431,200 | 1,431,100 | 1,430,900 | 1,331,100 | |||||
| Finance lease, liability | 300 | ||||||||
| Other undisclosed long-term debt and lease obligation | (53,593) | (54,670) | |||||||
| Liabilities, other than long-term debt | 1,073,191 | 975,279 | 984,561 | 985,940 | 947,161 | 789,492 | |||
| Accumulated deferred investment tax credit | 2,575 | 2,739 | |||||||
| Asset retirement obligations | 212,161 | 213,265 | 211,094 | 208,946 | 206,820 | 308,470 | |||
| Deferred income tax liabilities | 656,876 | 518,208 | 518,347 | 510,201 | 462,475 | ||||
| Liability, pension and other postretirement and postemployment benefits | 65,276 | 116,299 | 120,676 | 119,461 | 115,837 | 165,365 | |||
| Other liabilities | 50,319 | 51,100 | 57,995 | 55,572 | 61,759 | 90,417 | |||
| Operating lease, liability | 50,894 | 52,087 | 51,905 | 52,593 | 53,642 | 54,686 | |||
| Derivative instruments and hedges, liabilities | 88,559 | 76,407 | 76,449 | 91,760 | 97,695 | 222,501 | |||
| Other undisclosed noncurrent liabilities | 878,345 | 817,263 | (588,481) | (579,063) | |||||
| Total noncurrent liabilities: | 2,002,730 | 1,844,629 | 1,879,185 | 1,890,570 | 2,378,110 | 2,120,608 | |||
| Total liabilities: | 2,666,570 | 2,442,695 | 2,354,573 | 2,418,245 | 3,212,107 | 2,739,389 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,855,925 | 1,756,332 | 1,757,501 | 1,798,678 | 1,572,196 | 1,539,947 | |||
| Accumulated other comprehensive income (loss) | 7,321 | (5,199) | |||||||
| Retained earnings | 548,259 | ||||||||
| Other undisclosed equity, attributable to parent | 1,855,925 | 1,200,752 | 1,757,501 | 1,798,678 | 1,572,196 | 1,545,146 | |||
| Total equity: | 1,855,925 | 1,756,332 | 1,757,501 | 1,798,678 | 1,572,196 | 1,539,947 | |||
| Other undisclosed liabilities and equity | 1,547,202 | 1,431,390 | 1,431,246 | 1,431,093 | 912,436 | 1,152,383 | |||
| TOTAL LIABILITIES AND EQUITY: | 6,069,697 | 5,630,417 | 5,543,320 | 5,648,016 | 5,696,739 | 5,431,719 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 378,031 | 143,383 | 211,166 | 501,735 | 408,100 | 116,400 | ||
| Gross profit: | 378,031 | 143,383 | 211,166 | 501,735 | 408,100 | 116,400 | ||
| Operating expenses | (294,304) | (179,311) | (221,798) | (330,568) | (313,668) | (195,355) | ||
| Other undisclosed operating income | 8,109 | 5,905 | ||||||
| Operating income (loss): | 83,727 | (35,928) | (10,632) | 171,167 | 102,541 | (73,050) | ||
| Nonoperating income (Other Nonoperating income) | 5,318 | 4,070 | 4,754 | 3,070 | 2,180 | 3,533 | ||
| Interest and debt expense | (16,341) | (16,088) | (16,229) | (16,694) | (17,475) | (15,575) | ||
| Income (loss) from continuing operations before income taxes: | 72,704 | (47,946) | (22,107) | 157,543 | 87,246 | (85,092) | ||
| Income tax expense (benefit) | (17,367) | 11,324 | 5,832 | (31,459) | (14,040) | 19,293 | ||
| Income (loss) from continuing operations: | 55,337 | (36,622) | (16,275) | 126,084 | 73,206 | (65,799) | ||
| Income (loss) before gain (loss) on sale of properties: | 55,337 | (36,622) | (16,275) | 126,084 | 73,206 | (65,799) | ||
| Net income (loss) attributable to parent: | 55,337 | (36,622) | (16,275) | 126,084 | 73,206 | (65,799) | ||
| Other undisclosed net loss available to common stockholders, basic | (1,065) | |||||||
| Net income (loss) available to common stockholders, diluted: | 55,337 | (36,622) | (16,275) | 126,084 | 72,141 | (65,799) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 55,337 | (36,622) | (16,275) | 126,084 | 73,206 | (65,799) | ||
| Other comprehensive income (loss) | (6,703) | 1,421 | 132 | 1,941 | 10,108 | 942 | ||
| Comprehensive income (loss): | 48,634 | (35,201) | (16,143) | 128,025 | 83,314 | (64,857) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 959 | (366) | (34) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 49,593 | (35,567) | (16,177) | 128,025 | 83,314 | (64,857) | ||
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.