OGLETHORPE POWER CORP Financial Statements (2024 and earlier)

Company Profile

Business Address 2100 EAST EXCHANGE PL
TUCKER, GA 30085-1349
State of Incorp. GA
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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments635657579406449753
Cash and cash equivalents491595579406449753
Short-term investments14462    
Restricted cash and investments  10424618172150
Receivables202220160152166154
Inventory, net of allowances, customer advances and progress billings337298261280278259
Inventory337298261280278259
Other undisclosed current assets18516234108
Total current assets:1,1921,3311,3081,0539741,323
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization24303540 
Operating lease, right-of-use asset7323 
Long-term investments and receivables1,4501,3221,5531,5271,3281,189
Long-term investments1,4501,3221,5531,5271,3281,189
Regulated entity, other noncurrent assets1,1311,2121,009731764 
Deferred costs 65653706
Other undisclosed noncurrent assets12,71612,58711,79410,8819,9218,964
Total noncurrent assets:15,33315,15814,39913,18712,01610,860
TOTAL ASSETS:16,52516,48915,70714,24012,99012,183
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities224309279235231268
Interest and dividends payable96726661
Accounts payable117204182162165207
Accrued liabilities106105    
Deferred revenue31542646 
Debt9929781,377592500522
Other liabilities11115436694949
Customer advances and deposits225
Contract with customer, liability77 
Total current liabilities:1,3581,4951,7189428571,064
Noncurrent Liabilities
Long-term debt and lease obligation 11,64511,56510,59110,3709,4048,809
Long-term debt, excluding current maturities 11,60111,51310,52910,2989,4048,727
Capital lease obligations82
Finance lease, liability 44536169 
Liabilities, other than long-term debt2,2292,2062,2401,8321,6111,326
Customer advances or deposits55
Deferred revenue47548098 
Contract with customer, liability134 
Asset retirement obligations1,4591,3441,2871,1361,0711,018
Regulatory liability706792849566364219
Other liabilities171624314235
Operating lease, liability    2 
Other undisclosed noncurrent liabilities (11,645)(11,565)(10,591)(10,370)(9,404)(8,809)
Total noncurrent liabilities:2,2292,2062,2401,8321,6111,326
Total liabilities:3,5873,7023,9582,7732,4692,391
Equity
Other undisclosed liabilities and equity12,93712,78811,74911,46710,5219,793
TOTAL LIABILITIES AND EQUITY:16,52516,48915,70714,24012,99012,183

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,7402,1301,6051,3781,4301,480
Gross profit:1,7402,1301,6051,3781,4301,480
Operating expenses(66)(56)(56)(54)(50)(38)
Other undisclosed operating loss(1,397)(1,880)(1,354)(1,105)(1,163)(1,217)
Operating income:277194194218217225
Nonoperating income817271516468
Other nonoperating income81223525
Interest and debt expense(292)(205)(208)(213)(227)(242)
Income from continuing operations:666258565451
Income before gain (loss) on sale of properties:58565451
Net income available to common stockholders, diluted:666258565451

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:666258565451
Comprehensive income, net of tax, attributable to parent:666258565451

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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