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)

12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments106107978710198114
Cash and cash equivalents106107978710198114
Restricted cash and investments117117000
Receivables136136137117117126136
Inventory, net of allowances, customer advances and progress billings35405657605865
Inventory35405657605865
Deferred costs13131414111315
Asset, held-for-sale, not part of disposal group 00    
Other undisclosed current assets114113114117110107103
Total current assets:405427419409399403434
Noncurrent Assets
Operating lease, right-of-use asset7777888
Property, plant and equipment9543,641260268271255256
Regulated entity, other noncurrent assets16161616161716
Restricted cash and investments4444444
Other undisclosed noncurrent assets3,5288764,2414,2064,2224,2514,254
Total noncurrent assets:4,5094,5434,5284,5014,5204,5354,537
TOTAL ASSETS:4,9144,9704,9474,9114,9204,9384,971
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities152219203217198216191
Interest and dividends payable432444264526
Taxes payable302030342718
Accounts payable109117127112106113117
Accrued liabilities43303231333230
Debt36735238121314391156
Asset retirement obligation5756777
Other undisclosed current liabilities79202014171919
Total current liabilities:603598609450366333373
Noncurrent Liabilities
Long-term debt and lease obligation2,8702,8862,8973,0393,1033,1123,141
Long-term debt, excluding current maturities2,8702,8842,8963,0373,1023,1113,139
Liabilities, other than long-term debt403534116126116114
Deferred revenue4433444
Asset retirement obligations   81838178
Deferred income tax liabilities19201919191920
Accrued environmental loss contingencies12111212131212
Other liabilities4   7  
Operating lease, liability1112222
Other undisclosed noncurrent liabilities290356361197212256262
Total noncurrent liabilities:3,2003,2773,2933,3523,4413,4843,517
Total liabilities:3,8033,8743,9023,8023,8073,8173,889
Equity
Equity, attributable to parent9849729229889931,003966
Accumulated other comprehensive loss(0)(3)(2)(2)(1)(6)(6)
Retained earnings9859749249909951,009972
Equity, attributable to noncontrolling interest126124123121119117116
Total equity:1,1111,0961,0451,1091,1131,1211,082
TOTAL LIABILITIES AND EQUITY:4,9144,9704,9474,9114,9204,9384,971

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

12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
Revenues390466352325333416326
Cost of revenue(338)(361)(363)(274)(293)(329)(276)
Gross profit:52105(11)51408750
Operating expenses(21)(19)(19)(25)(15)(16)(12)
Operating income (loss):3287(30)26257138
Nonoperating income30416722
Investment income, nonoperating2111111
Other nonoperating income (expense)72(0)1111
Interest and debt expense(39)(38)(35)(36)(35)(36)(36)
Income (loss) from continuing operations before income taxes:2252(64)(3)(4)384
Income tax expense (benefit)(0)0(0)(0)0(0)(0)
Income (loss) from continuing operations:2252(64)(3)(4)384
Income (loss) before gain (loss) on sale of properties:52(64)(3)(4)384
Other undisclosed net income0000111
Net income (loss):2352(64)(3)(3)395
Net loss attributable to noncontrolling interest(2)(2)(2)(2)(2)(2)(2)
Net income (loss) available to common stockholders, diluted:2050(66)(5)(4)373

Comprehensive Income ($ in millions)

12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
Net income (loss):2352(64)(3)(3)395
Other comprehensive income (loss)2(0)(0)(0)400
Comprehensive income (loss):2552(64)(3)2395
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(2)(2)(2)(2)(2)(2)
Comprehensive income (loss), net of tax, attributable to parent:2250(66)(5)0374

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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