TRI-STATE GENERATION & TRANSMISSION ASSOCIATION, INC. Financial Statements (2023 and earlier)
Company Profile
| Business Address |
1100 WEST 116TH AVENUE WESTMINSTER, CO 80234 |
| State of Incorp. | CO |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4911 - Electric Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 101 | 127 | 83 | 117 | 144 | 166 | 145 | ||
| Cash and cash equivalents | 101 | 127 | 83 | 117 | 144 | 166 | 145 | ||
| Restricted cash and investments | 0 | 0 | 0 | 0 | 1 | 1 | 10 | ||
| Receivables | 117 | 117 | 133 | 130 | 118 | 123 | 120 | ||
| Inventory, net of allowances, customer advances and progress billings | 60 | 56 | 50 | 56 | 47 | 64 | 59 | ||
| Inventory | 60 | 56 | 50 | 56 | 47 | 64 | 59 | ||
| Deferred costs | 11 | 11 | 10 | 4 | 4 | 4 | 4 | ||
| Assets held-for-sale, not part of disposal group | 5 | ||||||||
| Other undisclosed current assets | 110 | 103 | 112 | 119 | 114 | 109 | 103 | ||
| Total current assets: | 399 | 419 | 389 | 426 | 427 | 467 | 441 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 8 | 8 | 8 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 271 | 324 | 295 | 274 | 178 | 145 | 154 | ||
| Long-term investments and receivables | 145 | 139 | 124 | ||||||
| Long-term investments | 145 | 139 | 124 | ||||||
| Intangible assets, net (including goodwill) | 4 | 11 | 18 | 26 | |||||
| Intangible assets, net (excluding goodwill) | 4 | 11 | 18 | 26 | |||||
| Regulated entity, other noncurrent assets | 16 | 15 | 9 | 9 | 10 | 12 | 12 | ||
| Restricted cash and investments | 4 | 5 | 31 | 11 | 6 | 1 | 1 | ||
| Other undisclosed noncurrent assets | 4,222 | 4,276 | 4,355 | 4,304 | 4,117 | 4,130 | 4,065 | ||
| Total noncurrent assets: | 4,520 | 4,627 | 4,697 | 4,601 | 4,466 | 4,445 | 4,382 | ||
| TOTAL ASSETS: | 4,920 | 5,047 | 5,086 | 5,027 | 4,894 | 4,911 | 4,823 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 198 | 200 | 202 | 206 | 210 | 200 | 188 | ||
| Accounts payable | 106 | 99 | 99 | 105 | 118 | 106 | 96 | ||
| Accrued liabilities | 33 | 41 | 44 | 40 | 32 | 33 | 30 | ||
| Taxes payable | 34 | 33 | 29 | 29 | 27 | 28 | 27 | ||
| Interest and dividends payable | 26 | 28 | 30 | 32 | 33 | 34 | 34 | ||
| Debt | 143 | 88 | 339 | 300 | 223 | 228 | 91 | ||
| Asset retirement obligation | 7 | 11 | 2 | 2 | 3 | ||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | 8 | 11 | 9 | ||
| Other undisclosed current liabilities | 17 | 17 | 12 | 14 | |||||
| Total current liabilities: | 366 | 315 | 556 | 522 | 444 | 439 | 289 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,103 | 3,202 | 3,065 | 3,109 | 3,120 | 3,140 | 3,274 | ||
| Long-term debt, excluding current maturities | 3,102 | 3,200 | 3,063 | 3,109 | 3,120 | 3,140 | 3,274 | ||
| Operating lease, liability | 2 | 2 | 2 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 126 | 172 | 166 | 55 | 86 | 30 | |||
| Customer advances or deposits | ✕ | ✕ | ✕ | ✕ | 3 | 3 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 29 | 27 | |||
| Deferred revenue | 4 | 4 | 4 | ✕ | ✕ | ✕ | ✕ | ||
| Asset retirement obligations | 83 | 127 | 76 | 55 | 54 | ||||
| Deferred income tax liabilities | 19 | 20 | 59 | ✕ | ✕ | ✕ | ✕ | ||
| Accrued environmental loss contingencies | 13 | 12 | 12 | ||||||
| Other liabilities | 7 | 10 | 15 | ||||||
| Other undisclosed noncurrent liabilities | 212 | 270 | 157 | 215 | 129 | 232 | 199 | ||
| Total noncurrent liabilities: | 3,441 | 3,644 | 3,389 | 3,379 | 3,335 | 3,402 | 3,473 | ||
| Total liabilities: | 3,807 | 3,959 | 3,945 | 3,901 | 3,779 | 3,841 | 3,762 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 993 | 973 | 1,030 | 1,016 | 1,003 | 961 | 953 | ||
| Accumulated other comprehensive income (loss) | (1) | (6) | (2) | 0 | (0) | (0) | 1 | ||
| Retained earnings | 995 | 979 | 1,031 | 1,016 | 1,003 | 961 | 952 | ||
| Stockholders' equity attributable to noncontrolling interest | 119 | 115 | 112 | 110 | 111 | 109 | 109 | ||
| Total stockholders' equity: | 1,113 | 1,088 | 1,141 | 1,126 | 1,114 | 1,070 | 1,061 | ||
| TOTAL LIABILITIES AND EQUITY: | 4,920 | 5,047 | 5,086 | 5,027 | 4,894 | 4,911 | 4,823 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,401 | 1,352 | 1,385 | 1,321 | 1,389 | 1,354 | 1,335 | |
| Cost of revenue | (1,185) | (853) | (1,163) | (1,117) | (1,166) | (1,170) | (1,122) | |
| Cost of goods and services sold | (402) | (412) | (425) | |||||
| Gross profit: | 216 | 499 | 223 | 204 | 222 | 184 | 213 | |
| Operating expenses | (60) | (342) | (56) | (43) | (39) | (37) | (35) | |
| Operating income: | 156 | 158 | 166 | 161 | 184 | 147 | 178 | |
| Nonoperating income | 17 | 18 | 34 | 38 | 27 | 29 | 18 | |
| Investment income, nonoperating | 4 | 4 | 6 | 5 | 5 | 4 | 4 | |
| Gain on contract termination | 5 | |||||||
| Other nonoperating income | 4 | 2 | 18 | 5 | 4 | 4 | 4 | |
| Interest and debt expense | (143) | (151) | (151) | (154) | (148) | (145) | (143) | |
| Income from continuing operations before income taxes: | 30 | 24 | 49 | 45 | 63 | 31 | 53 | |
| Income tax expense (benefit) | (0) | 1 | 0 | 1 | 1 | 1 | ||
| Income before gain (loss) on sale of properties: | 30 | 25 | 50 | 46 | 64 | 32 | 53 | |
| Other undisclosed net income | 4 | 6 | ||||||
| Net income: | 33 | 31 | 50 | 46 | 64 | 32 | 53 | |
| Net income (loss) attributable to noncontrolling interest | (7) | (6) | (4) | (3) | (2) | (0) | 0 | |
| Net income available to common stockholders, diluted: | 26 | 25 | 45 | 43 | 62 | 32 | 53 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 33 | 31 | 50 | 46 | 64 | 32 | 53 | |
| Other comprehensive income (loss) | 4 | (4) | (2) | 1 | 0 | (1) | 1 | |
| Comprehensive income: | 38 | 27 | 48 | 47 | 64 | 31 | 54 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (7) | (6) | (4) | (3) | (2) | (0) | 0 | |
| Comprehensive income, net of tax, attributable to parent: | 31 | 21 | 43 | 43 | 62 | 31 | 55 | |
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.