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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Receivables | 352,216 | 320,914 | 285,285 | 241,440 | 222,561 | 178,471 | |||
Regulatory asset | 13,565 | 1,358 | 1,412 | 978 | 7,033 | 4,707 | |||
Other undisclosed current assets | 49,009 | 29,554 | 17,779 | 19,547 | 17,155 | 17,138 | |||
Total current assets: | 414,790 | 351,826 | 304,476 | 261,965 | 246,749 | 200,316 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 9,621 | ✕ | ✕ | ||||||
Property, plant and equipment | 1,894,448 | 1,889,433 | 1,892,563 | 1,919,871 | 1,861,613 | 1,888,531 | |||
Regulated entity, other noncurrent assets | 15,951 | 3,059 | |||||||
Other noncurrent assets | 15,167 | 11,826 | 34,489 | 41,111 | 25,269 | 23,681 | |||
Other undisclosed noncurrent assets | 25,491 | ||||||||
Total noncurrent assets: | 1,935,187 | 1,929,809 | 1,927,052 | 1,960,982 | 1,886,882 | 1,912,212 | |||
TOTAL ASSETS: | 2,349,977 | 2,281,635 | 2,231,528 | 2,222,947 | 2,133,631 | 2,112,528 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 46,130 | 42,355 | 39,353 | 38,043 | 37,226 | 33,002 | |||
Interest and dividends payable | ✕ | ✕ | 5,505 | 5,505 | 5,505 | 5,505 | 3,677 | ||
Taxes payable | ✕ | ✕ | 11,196 | 10,905 | 9,913 | 11,496 | 11,617 | ||
Accounts payable | 25,761 | 23,108 | 16,157 | 15,635 | 12,839 | 11,053 | |||
Accrued liabilities | 20,369 | 2,546 | 6,786 | 6,990 | 7,386 | 6,655 | |||
Debt | 1,356 | 249,874 | |||||||
Regulatory liability | 145,243 | ||||||||
Accrued environmental loss contingencies | 1,300 | 1,300 | |||||||
Due to related parties | ✕ | 12,115 | 13,140 | 4,110 | 9,172 | 26,532 | 11,298 | ||
Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,092 | ||
Other undisclosed current liabilities | 46,866 | 14,840 | 5,096 | 7,221 | 11,148 | 4,699 | |||
Total current liabilities: | 250,354 | 70,335 | 48,559 | 55,792 | 76,206 | 302,265 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 580,083 | 587,232 | 586,359 | 577,045 | 576,168 | 331,748 | |||
Long-term debt, excluding current maturities | 580,083 | 579,030 | 578,018 | 577,045 | 576,168 | 331,748 | |||
Liabilities, other than long-term debt, including: | 411,263 | 522,867 | 464,556 | 436,801 | 360,615 | 315,334 | |||
Asset retirement obligations | 129,306 | 122,650 | 95,777 | 91,251 | 69,350 | 67,100 | |||
Regulatory liability | 271,706 | 388,433 | 355,725 | 323,032 | 290,430 | 246,504 | |||
Other liabilities | 2,394 | 3,582 | 4,713 | 5,695 | 835 | 1,730 | |||
Operating lease, liability | 7,857 | 8,202 | 8,341 | ✕ | ✕ | ||||
Other undisclosed liabilities, other than long-term debt | 8,202 | 8,341 | 16,823 | ||||||
Total noncurrent liabilities: | 991,346 | 1,110,099 | 1,050,915 | 1,013,846 | 936,783 | 647,082 | |||
Total liabilities: | 1,241,700 | 1,180,434 | 1,099,474 | 1,069,638 | 1,012,989 | 949,347 | |||
Equity | |||||||||
Equity, attributable to parent | 34,385 | 35,511 | 66,503 | 79,417 | 46,750 | 89,289 | |||
Retained earnings | 34,385 | 35,511 | 66,503 | 79,417 | 46,750 | 89,289 | |||
Total equity: | 34,385 | 35,511 | 66,503 | 79,417 | 46,750 | 89,289 | |||
Other undisclosed liabilities and equity | 1,073,892 | 1,065,690 | 1,065,551 | 1,073,892 | 1,073,892 | 1,073,892 | |||
TOTAL LIABILITIES AND EQUITY: | 2,349,977 | 2,281,635 | 2,231,528 | 2,222,947 | 2,133,631 | 2,112,528 |
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 | ||
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Revenues | 447,335 | 12,883 | 14,268 | 15,975 | 12,852 | |||
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 income | 1,712 | 430,688 | 435,176 | 536,398 | 536,839 | 575,490 | ||
Operating income: | 158,637 | 163,293 | 178,833 | 163,948 | 155,690 | 9,237 | ||
Nonoperating expense | (21,863) | (27,785) | (27,747) | (21,281) | (24,229) | (37,071) | ||
Public utilities, allowance for funds used during construction, additions | 2,950 | 1,606 | 669 | 3,418 | 2,183 | 1,444 | ||
Other nonoperating income (expense) | 6,174 | 595 | 1,296 | 4,533 | 1,575 | (5,500) | ||
Interest and debt expense | (30,987) | (29,986) | (29,712) | (29,232) | (27,987) | (33,015) | ||
Income (loss) from continuing operations: | 105,787 | 105,522 | 121,374 | 113,435 | 103,474 | (60,849) | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 105,522 | 121,374 | 113,435 | 103,474 | (60,849) | |
Net income (loss): | 105,787 | 105,522 | 121,374 | 113,435 | 103,474 | (60,849) | ||
Other undisclosed net income attributable to parent | 30,987 | 29,986 | 29,712 | 29,232 | 27,987 | 33,015 | ||
Net income (loss) available to common stockholders, diluted: | 136,774 | 135,508 | 151,086 | 142,667 | 131,461 | (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 | ||
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Net income (loss): | 105,787 | 105,522 | 121,374 | 113,435 | 103,474 | (60,849) | ||
Comprehensive income (loss): | 105,787 | 105,522 | 121,374 | 113,435 | 103,474 | (60,849) | ||
Other undisclosed comprehensive income, net of tax, attributable to parent | 27,987 | 33,015 | ||||||
Comprehensive income (loss), net of tax, attributable to parent: | 105,787 | 105,522 | 121,374 | 113,435 | 131,461 | (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.