TRI-STATE GENERATION & TRANSMISSION ASSOCIATION, INC. Financial Statements (2024 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 thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 167,682 | 132,332 | 103,666 | 105,852 | 107,228 | 96,841 | |||
| Cash and cash equivalents | 167,682 | 132,332 | 103,666 | 105,852 | 107,228 | 96,841 | |||
| Restricted cash and investments | 17,445 | 579 | 17,434 | 573 | 17,404 | 663 | |||
| Receivables | 128,782 | 111,542 | 107,939 | 135,682 | 135,940 | 137,134 | |||
| Inventory, net of allowances, customer advances and progress billings | 51,598 | 44,434 | 33,959 | 34,723 | 40,202 | 55,689 | |||
| Inventory | 51,598 | 44,434 | 33,959 | 34,723 | 40,202 | 55,689 | |||
| Deferred costs | 11,952 | 9,074 | 9,619 | 13,302 | 13,310 | 13,741 | |||
| Asset, held-for-sale, not part of disposal group | 41 | 411 | |||||||
| Other undisclosed current assets | 127,457 | 134,486 | 131,215 | 114,445 | 112,841 | 114,205 | |||
| Total current assets: | 504,916 | 432,447 | 403,832 | 404,577 | 426,966 | 418,684 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 5,960 | 6,225 | 6,506 | 6,771 | 6,679 | 6,997 | |||
| Property, plant and equipment | 3,619,918 | 3,623,947 | 3,612,170 | 954,144 | 3,640,917 | 259,788 | |||
| Regulated entity, other noncurrent assets | 16,663 | 16,503 | 16,436 | 15,828 | 16,299 | 16,102 | |||
| Restricted cash and investments | 3,753 | 3,930 | 4,077 | 4,257 | 3,585 | 3,746 | |||
| Other undisclosed noncurrent assets | 840,760 | 847,636 | 870,869 | 3,528,072 | 875,808 | 4,241,270 | |||
| Total noncurrent assets: | 4,487,054 | 4,498,241 | 4,510,058 | 4,509,072 | 4,543,288 | 4,527,903 | |||
| TOTAL ASSETS: | 4,991,970 | 4,930,688 | 4,913,890 | 4,913,649 | 4,970,254 | 4,946,587 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 149,246 | 137,016 | 140,477 | 151,615 | 218,882 | 203,075 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | ✕ | 42,826 | 24,230 | ||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | 29,565 | 19,976 | ||
| Accounts payable | 118,448 | 101,748 | 110,008 | 109,109 | 116,578 | 126,605 | |||
| Accrued liabilities | 30,798 | 35,268 | 30,469 | 42,506 | 29,913 | 32,264 | |||
| Debt | 393,902 | 396,536 | 275,844 | 367,022 | 351,984 | 381,274 | |||
| Asset retirement obligation | 8,207 | 8,785 | 9,599 | 5,419 | 6,635 | 4,953 | |||
| Other undisclosed current liabilities | 94,055 | 61,766 | 92,165 | 78,978 | 20,068 | 19,784 | |||
| Total current liabilities: | 645,410 | 604,103 | 518,085 | 603,034 | 597,569 | 609,086 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,939,265 | 2,948,176 | 2,981,844 | 2,869,963 | 2,885,822 | 2,897,453 | |||
| Long-term debt, excluding current maturities | 2,939,265 | 2,948,176 | 2,981,844 | 2,869,963 | 2,884,495 | 2,896,050 | |||
| Liabilities, other than long-term debt | 36,106 | 36,014 | 36,330 | 40,290 | 34,747 | 34,130 | |||
| Deferred revenue | 3,252 | 3,380 | 3,507 | 3,765 | 3,659 | 3,351 | |||
| Deferred income tax liabilities | 19,851 | 19,320 | 19,298 | 19,275 | 19,641 | 19,023 | |||
| Accrued environmental loss contingencies | 12,009 | 12,263 | 12,388 | 12,429 | 11,447 | 11,756 | |||
| Other liabilities | 3,570 | ||||||||
| Operating lease, liability | 994 | 1,051 | 1,137 | 1,251 | 1,327 | 1,403 | |||
| Other undisclosed noncurrent liabilities | 263,546 | 282,716 | 283,125 | 289,785 | 356,149 | 360,977 | |||
| Total noncurrent liabilities: | 3,238,917 | 3,266,906 | 3,301,299 | 3,200,038 | 3,276,718 | 3,292,560 | |||
| Total liabilities: | 3,884,327 | 3,871,009 | 3,819,384 | 3,803,072 | 3,874,287 | 3,901,646 | |||
| Equity | |||||||||
| Equity, attributable to parent | 975,901 | 929,530 | 966,881 | 984,397 | 971,921 | 922,047 | |||
| Accumulated other comprehensive loss | (803) | (693) | (527) | (468) | (2,575) | (2,196) | |||
| Retained earnings | 976,704 | 930,223 | 967,408 | 984,865 | 974,496 | 924,243 | |||
| Equity, attributable to noncontrolling interest | 131,742 | 130,149 | 127,625 | 126,180 | 124,046 | 122,894 | |||
| Total equity: | 1,107,643 | 1,059,679 | 1,094,506 | 1,110,577 | 1,095,967 | 1,044,941 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,991,970 | 4,930,688 | 4,913,890 | 4,913,649 | 4,970,254 | 4,946,587 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 438,319 | 318,455 | 364,051 | 390,414 | 465,993 | 351,962 | ||
| Cost of revenue | (332,646) | (289,994) | (325,650) | (338,094) | (360,777) | (362,712) | ||
| Gross profit: | 105,673 | 28,461 | 38,401 | 52,320 | 105,216 | (10,750) | ||
| Operating expenses | (19,663) | (23,577) | (18,498) | (20,761) | (18,658) | (18,893) | ||
| Operating income (loss): | 86,010 | 4,884 | 19,903 | 31,559 | 86,558 | (29,643) | ||
| Nonoperating income | 7,340 | 1,973 | 4,837 | 29,817 | 3,591 | 915 | ||
| Investment income, nonoperating | 2,343 | 1,480 | 1,330 | 1,564 | 1,097 | 928 | ||
| Other nonoperating income (expense) | 3,852 | 487 | 1,555 | 7,406 | 1,751 | (14) | ||
| Interest and debt expense | (45,558) | (42,602) | (40,764) | (39,200) | (38,419) | (35,309) | ||
| Income (loss) from continuing operations before income taxes: | 47,792 | (35,745) | (16,024) | 22,176 | 51,730 | (64,037) | ||
| Income tax expense (benefit) | (23) | (23) | (22) | (26) | 312 | (19) | ||
| Income (loss) from continuing operations: | 47,769 | (35,768) | (16,046) | 22,150 | 52,042 | (64,056) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 52,042 | (64,056) | |
| Other undisclosed net income | 1,238 | 1,107 | 983 | 353 | 341 | 397 | ||
| Net income (loss): | 49,007 | (34,661) | (15,063) | 22,503 | 52,383 | (63,659) | ||
| Net loss attributable to noncontrolling interest | (2,526) | (2,524) | (2,394) | (2,134) | (2,130) | (2,128) | ||
| Net income (loss) available to common stockholders, diluted: | 46,481 | (37,185) | (17,457) | 20,369 | 50,253 | (65,787) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 49,007 | (34,661) | (15,063) | 22,503 | 52,383 | (63,659) | ||
| Other comprehensive income (loss) | (110) | (166) | (59) | 2,107 | (379) | (308) | ||
| Comprehensive income (loss): | 48,897 | (34,827) | (15,122) | 24,610 | 52,004 | (63,967) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (2,526) | (2,524) | (2,394) | (2,134) | (2,130) | (2,128) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 46,371 | (37,351) | (17,516) | 22,476 | 49,874 | (66,095) | ||
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.