WISCONSIN PUBLIC SERVICE CORP financial statements (2021 and earlier)

Company profile

Business Address 700 NORTH ADAMS STREET
GREEN BAY, WI 54307-9001
State of Incorp. WI
Fiscal Year End December 31
SIC 4931 - Electric and Other Services Combined (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3298365
Cash and cash equivalents3298365
Receivables218210217205195164202
Inventory, net of allowances, customer advances and progress billings9310610310712514585
Inventory9310610310712514585
Prepaid expense39634153574866
Derivative instruments and hedges, assets 2432  
Regulatory current assets  0  025
Other current assets1211913252718
Other undisclosed current assets 372211341
Total current assets:365432406390408393442
Noncurrent Assets
Property, plant and equipment4,8864,5454,1503,8233,6623,4193,131
Intangible assets, net (including goodwill)36373840363636
Goodwill36363636363636
Intangible assets, net (excluding goodwill) 123   
Derivative instruments and hedges0000   
Regulated entity, other noncurrent assets460450495391466463434
Other noncurrent assets3843475512192107
Defined benefit plan, assets for plan benefits115102129
Other undisclosed noncurrent assets1481358150   
Total noncurrent assets:5,5695,2104,8124,3594,4004,1123,837
TOTAL ASSETS:5,9345,6425,2184,7494,8084,5054,279
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities152203145130165182162
Accounts payable130177145130165182162
Employee-related liabilities2227     
Debt61192284543302183270
Regulatory liability      21
Due to related parties49695430223617
Deferred tax liabilities    4
Other liabilities59567966645069
Other undisclosed current liabilities     3(1)
Total current liabilities:870419563770553453542
Noncurrent Liabilities
Long-term debt and lease obligation1,2451,643 9161,1651,2891,050
Long-term debt, excluding current maturities1,2141,612 9161,1651,2891,050
Finance lease, liability3131
Liabilities, other than long-term debt1,7039861,5701,4451,4621,2771,250
Deferred revenue and credits7778
Deferred compensation liability, classified      16
Accumulated deferred investment tax credit41 6
Deferred tax liabilities, net521513930774722
Deferred income tax liabilities683 
Liability, pension and other postretirement and postemployment benefits19193724252438
Accrued environmental loss contingencies888490100978486
Regulatory liability773783786689291290303
Due to related parties  34455
Other liabilities981001261101079272
Derivative instruments and hedges, liabilities 0     
Other undisclosed noncurrent liabilities 6541,315   (13)
Total noncurrent liabilities:2,9473,2832,8842,3622,6272,5662,287
Total liabilities:3,8173,7023,4483,1313,1803,0192,828
Stockholders' equity
Stockholders' equity attributable to parent, including:2,1171,9401,7701,6171,6281,4861,399
Preferred stock      51
Common stock96969696969696
Additional paid in capital1,4361,2211,116996967862782
Retained earnings585623558526566529522
Other undisclosed stockholders' equity attributable to parent      (51)
Total stockholders' equity:2,1171,9401,7701,6171,6281,4861,399
Other undisclosed liabilities and equity      51
TOTAL LIABILITIES AND EQUITY:5,9345,6425,2184,7494,8084,5054,279

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,4071,4121,4991,4851,4481,4831,682
Cost of revenue
(Cost of Goods and Services Sold)
(458)(541)(602)(574)(528)(600)(774)
Gross profit:949871897912921884909
Operating expenses(466)(438)(488)(40)(40)(1,255)(549)
Other undisclosed operating income (loss)(174)(166)(142)(575)(617)600(101)
Operating income:308268266297264228258
Nonoperating expense(32)(24)(16)(42)(17)(28)(33)
Public utilities, allowance for funds used during construction, capitalized cost of equity      11
Other nonoperating income31403812312624
Interest and debt expense(64)(63)(54)(54)(48)(54)(57)
Income from continuing operations before equity method investments, income taxes:213180196200198147168
Income from equity method investments      10
Other undisclosed income from continuing operations before income taxes64635454485447
Income from continuing operations before income taxes:276244250255246200225
Income tax expense(55)(59)(77)(100)(91)(75)(85)
Net income attributable to parent:222185173155156125141
Other undisclosed net loss available to common stockholders, basic     (3)(3)
Net income available to common stockholders, diluted:222185173155156123138

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:222185173155156125141
Comprehensive income, net of tax, attributable to parent:222185173155156125141

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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