NORTHWEST PIPELINE LLC Financial Statements (2024 and earlier)

Company Profile

Business Address 295 CHIPETA WAY
SALT LAKE CITY, UT 84108
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 4922 - Natural Gas Transmission (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Receivables 352,216320,914285,285241,440222,561178,471
Regulatory asset13,5651,3581,4129787,0334,707
Other undisclosed current assets49,00929,55417,77919,54717,15517,138
Total current assets:414,790351,826304,476261,965246,749200,316
Noncurrent Assets
Operating lease, right-of-use asset9,621   
Property, plant and equipment1,894,4481,889,4331,892,5631,919,8711,861,6131,888,531
Regulated entity, other noncurrent assets15,9513,059    
Other noncurrent assets15,16711,82634,48941,11125,26923,681
Other undisclosed noncurrent assets  25,491    
Total noncurrent assets:1,935,1871,929,8091,927,0521,960,9821,886,8821,912,212
TOTAL ASSETS:2,349,9772,281,6352,231,5282,222,9472,133,6312,112,528
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities46,13042,35539,35338,04337,22633,002
Interest and dividends payable5,5055,5055,5055,5053,677
Taxes payable11,19610,9059,91311,49611,617
Accounts payable25,76123,10816,15715,63512,83911,053
Accrued liabilities20,3692,5466,7866,9907,3866,655
Debt    1,356 249,874
Regulatory liability145,243     
Accrued environmental loss contingencies     1,3001,300
Due to related parties12,11513,1404,1109,17226,53211,298
Customer advances and deposits2,092
Other undisclosed current liabilities46,86614,8405,0967,22111,1484,699
Total current liabilities:250,35470,33548,55955,79276,206302,265
Noncurrent Liabilities
Long-term debt and lease obligation580,083587,232586,359577,045576,168331,748
Long-term debt, excluding current maturities580,083579,030578,018577,045576,168331,748
Liabilities, other than long-term debt, including:411,263522,867464,556436,801360,615315,334
Asset retirement obligations129,306122,65095,77791,25169,35067,100
Regulatory liability271,706388,433355,725323,032290,430246,504
Other liabilities2,3943,5824,7135,6958351,730
Operating lease, liability7,8578,2028,341 
Other undisclosed liabilities, other than long-term debt  8,2028,34116,823  
Total noncurrent liabilities:991,3461,110,0991,050,9151,013,846936,783647,082
Total liabilities:1,241,7001,180,4341,099,4741,069,6381,012,989949,347
Equity
Equity, attributable to parent34,38535,51166,50379,41746,75089,289
Retained earnings34,38535,51166,50379,41746,75089,289
Total equity:34,38535,51166,50379,41746,75089,289
Other undisclosed liabilities and equity1,073,8921,065,6901,065,5511,073,8921,073,8921,073,892
TOTAL LIABILITIES AND EQUITY:2,349,9772,281,6352,231,5282,222,9472,133,6312,112,528

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues447,33512,88314,26815,97512,852 
Cost of revenue (237,016)(231,061)(222,954)(107,951)(106,073)(102,084)
Cost of goods and services sold  (113,180)(112,004)(107,951)(106,073)(102,084)
Other undisclosed gross profit      
Gross profit:210,319(218,178)(208,686)(91,976)(93,221)(102,084)
Operating expenses(51,682)(49,204)(47,695)(280,474)(287,928)(464,169)
Other operating income (expense), net(1,712)(13)38   
Other undisclosed operating income1,712430,688435,176536,398536,839575,490
Operating income:158,637163,293178,833163,948155,6909,237
Nonoperating expense(21,863)(27,785)(27,747)(21,281)(24,229)(37,071)
Public utilities, allowance for funds used during construction, additions2,9501,6066693,4182,1831,444
Other nonoperating income (expense)6,1745951,2964,5331,575(5,500)
Interest and debt expense(30,987)(29,986)(29,712)(29,232)(27,987)(33,015)
Income (loss) from continuing operations:105,787105,522121,374113,435103,474(60,849)
Income (loss) before gain (loss) on sale of properties:105,522121,374113,435103,474(60,849)
Net income (loss):105,787105,522121,374113,435103,474(60,849)
Other undisclosed net income attributable to parent30,98729,98629,71229,23227,98733,015
Net income (loss) available to common stockholders, diluted:136,774135,508151,086142,667131,461(27,834)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):105,787105,522121,374113,435103,474(60,849)
Comprehensive income (loss):105,787105,522121,374113,435103,474(60,849)
Other undisclosed comprehensive income, net of tax, attributable to parent     27,98733,015
Comprehensive income (loss), net of tax, attributable to parent:105,787105,522121,374113,435131,461(27,834)

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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