NorthWestern Corporation Financial Statements (2025 and earlier)
Company Profile
| Business Address |
3010 W 69TH STREET SIOUX FALLS, SD 57108 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4931 - Electric and Other Services Combined (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 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 | |||||||||
| Cash, cash equivalents, and short-term investments | 8 | 3 | 6 | 5 | 8 | 8 | |||
| Cash and cash equivalents | 8 | 3 | 6 | 5 | 8 | 8 | |||
| Restricted cash and investments | 14 | 16 | 11 | 7 | 7 | 4 | |||
| Receivables | 245 | 199 | 168 | 167 | 162 | 182 | |||
| Inventory, net of allowances, customer advances and progress billings | 107 | 81 | 61 | 54 | 51 | 52 | |||
| Inventory | 107 | 81 | 61 | 54 | 51 | 52 | |||
| Regulatory asset | 136 | 116 | 45 | 54 | 38 | 38 | |||
| Other current assets | 28 | 24 | 17 | 14 | 11 | 12 | |||
| Other undisclosed current assets | |||||||||
| Total current assets: | 539 | 438 | 309 | 302 | 278 | 296 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 5,657 | 5,247 | 4,953 | 4,701 | 4,521 | 4,358 | |||
| Intangible assets, net (including goodwill) | 358 | 358 | 358 | 358 | 358 | 358 | |||
| Goodwill | 358 | 358 | 358 | 358 | 358 | 358 | |||
| Regulated entity, other noncurrent assets | 717 | 691 | 701 | 484 | 438 | 354 | |||
| Other noncurrent assets | 47 | 47 | 69 | 66 | 50 | 54 | |||
| Total noncurrent assets: | 6,779 | 6,343 | 6,081 | 5,609 | 5,367 | 5,125 | |||
| TOTAL ASSETS: | 7,318 | 6,780 | 6,389 | 5,911 | 5,644 | 5,421 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 452 | 349 | 308 | 299 | 304 | 295 | |||
| Accounts payable | 201 | 115 | 100 | 97 | 87 | 85 | |||
| Accrued liabilities | 251 | 233 | 208 | 202 | 217 | 210 | |||
| Debt | 148 | 3 | 103 | 2 | 322 | ||||
| Regulatory liability | 21 | 28 | 56 | 33 | 41 | 15 | |||
| Other undisclosed current liabilities | 2 | ||||||||
| Total current liabilities: | 621 | 380 | 466 | 334 | 347 | 632 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,483 | 2,553 | 2,330 | 2,233 | 2,122 | 1,816 | |||
| Long-term debt, excluding current maturities | 2,474 | 2,541 | 2,315 | 2,233 | 2,102 | 1,793 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | 20 | 22 | ||
| Finance lease, liability | 9 | 12 | 15 | ✕ | ✕ | ||||
| Liabilities, other than long-term debt | 1,549 | 1,508 | 1,514 | 839 | 1,233 | 1,174 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 395 | 341 | ||
| Deferred income tax liabilities | 539 | 500 | 472 | ✕ | ✕ | ||||
| Regulatory liability | 654 | 639 | 631 | 451 | 438 | 418 | |||
| Other liabilities | 355 | 369 | 411 | 387 | 400 | 416 | |||
| Other undisclosed noncurrent liabilities | 465 | ||||||||
| Total noncurrent liabilities: | 4,032 | 4,061 | 3,844 | 3,537 | 3,355 | 2,990 | |||
| Total liabilities: | 4,653 | 4,441 | 4,310 | 3,872 | 3,702 | 3,622 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,665 | 2,340 | 2,079 | 2,039 | 1,942 | 1,799 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Treasury stock, value | (98) | (98) | (98) | (96) | (96) | (96) | |||
| Additional paid in capital | 1,999 | 1,716 | 1,514 | 1,509 | 1,499 | 1,445 | |||
| Accumulated other comprehensive loss | (8) | (7) | (7) | (10) | (10) | (9) | |||
| Retained earnings | 771 | 728 | 670 | 635 | 548 | 458 | |||
| Total equity: | 2,665 | 2,340 | 2,079 | 2,039 | 1,942 | 1,799 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,318 | 6,780 | 6,389 | 5,911 | 5,644 | 5,421 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,478 | 1,372 | 1,199 | 1,258 | 1,192 | 1,306 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,306 | |
| Cost of revenue | (1,099) | (993) | (783) | (809) | (754) | (882) | ||
| Cost of goods and services sold | (306) | (318) | (273) | (410) | ||||
| Other undisclosed gross profit | 477 | 491 | 482 | 471 | ||||
| Gross profit: | 379 | 380 | 892 | 940 | 919 | 895 | ||
| Operating expenses | (116) | (104) | (180) | (172) | (171) | (163) | ||
| Other undisclosed operating loss | (477) | (491) | (482) | (471) | ||||
| Operating income: | 263 | 276 | 236 | 277 | 266 | 261 | ||
| Nonoperating income (Other Nonoperating income) | 19 | 8 | 5 | 0 | 4 | 7 | ||
| Interest and debt expense | (100) | (94) | (97) | (95) | (92) | (92) | ||
| Income from continuing operations before income taxes: | 182 | 190 | 144 | 182 | 178 | 176 | ||
| Income tax expense (benefit) | 1 | (3) | 11 | 20 | 19 | (13) | ||
| Income from continuing operations: | 183 | 187 | 155 | 202 | 197 | 163 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 187 | 155 | 202 | 197 | 163 | |
| Net income available to common stockholders, diluted: | 183 | 187 | 155 | 202 | 197 | 163 | ||
Comprehensive Income ($ in millions)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 183 | 187 | 155 | 202 | 197 | 163 | ||
| Other comprehensive income (loss) | (1) | (0) | 2 | 0 | 1 | 1 | ||
| Comprehensive income, net of tax, attributable to parent: | 182 | 187 | 158 | 202 | 198 | 164 | ||
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.