OLD DOMINION ELECTRIC COOPERATIVE Financial Statements (2025 and earlier)

Company Profile

Business Address INNSBROOK CORPORATE CNTR
GLEN ALLEN, VA 23060
State of Incorp. VA
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)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23,76927,47431,28477,17510,94617,220
Cash and cash equivalents23,76927,47431,28477,17510,94617,220
Receivables3,7285,4583,37119,489122,328103,587
Inventory, net of allowances, customer advances and progress billings142,670136,164135,445131,875148,388129,798
Inventory142,670136,164135,445131,875148,388129,798
Other undisclosed current assets138,857118,941130,874112,62651,022121,769
Total current assets:309,024288,037300,974341,165332,684372,374
Noncurrent Assets
Long-term investments and receivables282,196277,133262,921239,310248,841239,502
Long-term investments282,196277,133262,921239,310248,841239,502
Regulated entity, other noncurrent assets60,34484,06594,27449,07662,09349,095
Other noncurrent assets72,41683,46884,83549,07652,88547,576
Other undisclosed noncurrent assets1,471,6281,483,0851,489,3461,487,7791,493,2471,499,159
Total noncurrent assets:1,886,5841,927,7511,931,3761,825,2411,857,0661,835,332
TOTAL ASSETS:2,195,6082,215,7882,232,3502,166,4062,189,7502,207,706
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities74,50474,88681,427105,11768,68997,722
Accounts payable67,27456,07975,10683,61561,07978,073
Accrued liabilities7,23018,8076,32121,5027,61019,649
Debt49,04149,04149,04149,04149,04149,041
Due to related parties111,150118,925
Other undisclosed current liabilities135,975113,74675,242104,841  
Total current liabilities:259,520237,673205,710258,999228,880265,688
Noncurrent Liabilities
Long-term debt and lease obligation 100,000     
Long-term debt, excluding current maturities 100,000     
Liabilities, other than long-term debt410,881421,015416,874352,773366,544339,085
Asset retirement obligations199,891198,319196,747195,227193,708192,189
Regulatory liability158,123154,686142,101119,876131,033123,335
Other liabilities52,86768,01078,02637,67041,80323,561
Other undisclosed noncurrent liabilities (100,000)     
Total noncurrent liabilities:410,881421,015416,874352,773366,544339,085
Total liabilities:670,401658,688622,584611,772595,424604,773
Equity
Equity, attributable to noncontrolling interest6,6806,6336,5866,5386,4936,453
Total equity:6,6806,6336,5866,5386,4936,453
TOTAL LIABILITIES AND EQUITY:677,081665,321629,170618,310601,917611,226

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

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues262,611271,484257,777294,561254,140275,913
Gross profit:262,611271,484257,777294,561254,140275,913
Operating expenses(13,880)(13,835)(11,240)(12,399)(11,944)(12,335)
Other undisclosed operating loss(244,862)(240,907)(231,704)(266,057)(225,318)(246,297)
Operating income:3,86916,74214,83316,10516,87817,281
Nonoperating income13,3821,9302,9512,5372,3631,337
Investment income, nonoperating13,4391,8743,0352,5302,5151,392
Interest and debt expense(14,225)(15,418)(14,698)(15,426)(15,940)(15,268)
Income from continuing operations before income taxes:3,0263,2543,0863,2163,3013,350
Income tax expense(17)(16)(16)(15)(14)(65)
Net income:3,0093,2383,0703,2013,2873,285
Net loss attributable to noncontrolling interest(47)(48)(48)(45)(40)(157)
Net income available to common stockholders, diluted:2,9623,1903,0223,1563,2473,128

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income:3,0093,2383,0703,2013,2873,285
Comprehensive income:3,0093,2383,0703,2013,2873,285
Comprehensive loss, net of tax, attributable to noncontrolling interest(47)(48)(48)(45)(40)(157)
Comprehensive income, net of tax, attributable to parent:2,9623,1903,0223,1563,2473,128

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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