TAMPA ELECTRIC CO financial statements (2022 and earlier)

Company profile

Business Address 702 N FRANKLIN ST
TAMPA, FL 33602
State of Incorp. FL
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments181014151310
Cash and cash equivalents181014151310
Net investment in lease222
Receivables336303281258257206
Derivative instruments and hedges, assets     15
Regulatory current assets1367941887728
Other undisclosed current assets876887156168191
Total current assets:579462425517515449
Noncurrent Assets
Property, plant and equipment10,60210,1209,131  7,203
Regulated entity, other noncurrent assets   370356393
Other noncurrent assets1,015466451324937
Total noncurrent assets:11,61710,5869,5824024057,633
Other undisclosed assets   8,2367,444 
TOTAL ASSETS:12,19611,04810,0079,1558,3648,083
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities427356323280259291
Accounts payable390321296251233262
Taxes payable192214131212
Interest and dividends payable181313161416
Debt250278348221304170
Regulatory liability7867934458154
Due to related parties444620242125
Customer advances and deposits131146
Other liabilities515744844410
Other undisclosed current liabilities877905132132305 
Total current liabilities:1,7271,7099607851,122796
Noncurrent Liabilities
Liabilities, other than long-term debt2,1992,1931,3742,0652,0522,009
Deferred revenue and credits 11
Accumulated deferred investment tax credit249216164 
Deferred tax liabilities, net7998251,407
Deferred income tax liabilities858783 
Regulatory liability1,0921,1941,2101,2661,227591
Other undisclosed noncurrent liabilities3423361,109427352351
Total noncurrent liabilities:2,5412,5292,4832,4922,4042,360
Total liabilities:4,2684,2383,4433,2773,5263,156
Stockholders' equity
Stockholders' equity attributable to parent4,7924,2163,6953,3032,9782,764
Common stock4,4703,8903,3852,9902,6452,455
Accumulated other comprehensive loss(1)(1)(1)(1)(2)(3)
Retained earnings323327311314335311
Total stockholders' equity:4,7924,2163,6953,3032,9782,764
Other undisclosed liabilities and equity3,1362,5942,8692,5751,8602,163
TOTAL LIABILITIES AND EQUITY:12,19611,04810,0079,1558,3648,083

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues2,6952,2722,4042,5242,4702,396
Cost of revenue(1,426)(1,082)(1,256)(1,370)(1,335)(824)
Cost of goods and services sold(604)(340)(516)(180)(787)(824)
Gross profit:1,2691,1901,1481,1541,1351,572
Operating expenses(663)(590)(587)(632)(513)(1,059)
Operating income:606600561522622513
Nonoperating income503620181031
Public utilities, allowance for funds used during construction, additions45301110224
Other nonoperating income569887
Interest and debt expense(130)(130)(134)(118)(119)(106)
Income from continuing operations before income taxes:526506447422513438
Income tax expense(80)(82)(77)(81)(197)(152)
Net income available to common stockholders, diluted:446424370341316286

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:446424370341316286
Other comprehensive income   111
Comprehensive income, net of tax, attributable to parent:446424370342317287

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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