OKLAHOMA GAS & ELECTRIC CO financial statements (2021 and earlier)

Company profile

Business Address 321 NORTH HARVEY
OKLAHOMA CITY, OK 73101-0321
State of Incorp. OK
Fiscal Year End December 31
SIC 4911 - Electric Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Receivables 219236255233227244
Inventory, net of allowances, customer advances and progress billings 4658848011459
Inventory 4658848011459
Deferred costs 425351371
Regulatory current assets 491941 4797
Other current assets 202649785235
Other undisclosed current assets 34442515080363365
Total current assets: 719767581522804870
Noncurrent Assets
Property, plant and equipment 9,0398,6388,3347,6827,2966,942
Long-term investments and receivables 556763
Long-term investments 556763
Regulated entity, other noncurrent assets      412
Other noncurrent assets 314295335459436452
Other undisclosed noncurrent assets      (412)
Total noncurrent assets: 9,3578,9388,6748,1477,7377,396
TOTAL ASSETS: 10,0779,7059,2568,6698,5428,266
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 284337328309348267
Accounts payable 175215217196236163
Employee-related liabilities 303426312423
Taxes payable 424442414639
Interest and dividends payable 384544404343
Debt  250250125110 
Regulatory liability 2937 12 24
Due to related parties   0020
Customer refund liability 502 61 
Customer advances and deposits81787774
Other liabilities 658729964452
Other undisclosed current liabilities 5447 38 (24)
Total current liabilities: 437758689657642393
Noncurrent Liabilities
Long-term debt and lease obligation 3,1952,8972,7502,4062,5462,655
Long-term debt, excluding current maturities 3,1952,8972,7502,4062,5462,655
Liabilities, other than long-term debt, including: 2,4862,4462,3622,3542,1982,214
Accumulated deferred investment tax credit 7 
Deferred tax liabilities, net8938321,7521,6381,687
Liability, pension and other postretirement and postemployment benefits 133138110168180178
Accrued environmental loss contingencies 19    8
Regulatory liability 1,2241,2711,283300273263
Other liabilities 17114513613510886
Other undisclosed liabilities, other than long-term debt 933    (8)
Total noncurrent liabilities: 5,6815,3435,1114,7604,7444,869
Total liabilities: 6,1186,1015,8005,4175,3865,262
Stockholders' equity
Stockholders' equity attributable to parent 3,9583,6033,4563,2523,1563,004
Common stock 101101101101101101
Additional paid in capital 936931926923921918
Retained earnings 2,9222,5722,4292,2282,1341,985
Total stockholders' equity: 3,9583,6033,4563,2523,1563,004
TOTAL LIABILITIES AND EQUITY: 10,0779,7059,2568,6698,5428,266

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 2,2322,2702,2612,2592,1972,453
Revenue, net2,2612,2592,1972,453
Cost of revenue
(Cost of Goods and Services Sold)
 (787)(893)(898)(880)(865)(1,107)
Gross profit: 1,4451,3781,3641,3791,3321,347
Operating expenses (937)(884)(852)(870)(832)(809)
Operating income: 508494512509500538
Nonoperating income 3267428207
Public utilities, allowance for funds used during construction, additions      2
Public utilities, allowance for funds used during construction, capitalized cost of equity 524401484
Other nonoperating income (expense) (0)113414123
Interest and debt expense (141)(152)(138)(138)(147)(142)
Income from continuing operations before income taxes: 370368447399374404
Income tax expense (20)(40)(142)(114)(105)(112)
Net income available to common stockholders, diluted: 350328306284269292

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income: 350328306284269292
Comprehensive income, net of tax, attributable to parent: 350328306284269292

Statements sources

The financial statements are based on the company's filings with the 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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