TAMPA ELECTRIC CO Financial Statements (2026 and earlier)
Company Profile
| Business Address |
702 N FRANKLIN ST TAMPA, FL 33602 |
| State of Incorp. | FL |
| 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)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4 | 5 | 14 | 18 | 10 | 14 | |||
| Cash and cash equivalent | 4 | 5 | 14 | 18 | 10 | 14 | |||
| Net investment in lease, before allowance for credit loss | 2 | 2 | 2 | ||||||
| Receivables | 288 | 349 | 399 | 336 | 303 | 281 | |||
| Regulatory asset | 343 | 161 | 361 | 136 | 79 | 41 | |||
| Other undisclosed current assets | 213 | 205 | 135 | 87 | 68 | 87 | |||
| Total current assets: | 848 | 720 | 909 | 579 | 462 | 425 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 11,103 | 10,228 | 11,644 | 10,602 | 10,120 | 9,131 | |||
| Other noncurrent assets | 1,156 | 883 | 1,250 | 1,015 | 466 | 451 | |||
| Total noncurrent assets: | 12,259 | 11,111 | 12,894 | 11,617 | 10,586 | 9,582 | |||
| TOTAL ASSETS: | 13,107 | 11,831 | 13,803 | 12,196 | 11,048 | 10,007 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 709 | 396 | 517 | 427 | 356 | 323 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 18 | 13 | 13 | ||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 19 | 22 | 14 | ||
| Accounts payable | 666 | 354 | 472 | 390 | 321 | 296 | |||
| Accrued liabilities | 43 | 42 | 45 | ||||||
| Debt | 636 | 300 | 1,019 | 250 | 278 | 348 | |||
| Regulatory liability | 146 | 94 | 85 | 78 | 67 | 93 | |||
| Other liabilities | 58 | 43 | 45 | 51 | 57 | 44 | |||
| Due to related parties | ✕ | ✕ | ✕ | 226 | 44 | 46 | 20 | ||
| Other undisclosed current liabilities | 144 | 340 | 145 | 877 | 905 | 132 | |||
| Total current liabilities: | 1,693 | 1,173 | 2,037 | 1,727 | 1,709 | 960 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 1,958 | 1,818 | 2,343 | 2,199 | 2,193 | 1,374 | |||
| Accumulated deferred investment tax credit | 224 | 237 | 243 | 249 | 216 | 164 | |||
| Deferred income tax liabilities | 976 | 880 | 1,045 | 858 | 783 | ||||
| Regulatory liability | 758 | 701 | 1,055 | 1,092 | 1,194 | 1,210 | |||
| Other undisclosed noncurrent liabilities | 199 | 184 | 269 | 342 | 336 | 1,109 | |||
| Total noncurrent liabilities: | 2,157 | 2,002 | 2,612 | 2,541 | 2,529 | 2,483 | |||
| Total liabilities: | 3,850 | 3,175 | 4,649 | 4,268 | 4,238 | 3,443 | |||
| Equity | |||||||||
| Equity, attributable to parent | 5,322 | 4,723 | 5,420 | 4,792 | 4,216 | 3,695 | |||
| Common stock | 5,105 | 4,505 | 5,075 | 4,470 | 3,890 | 3,385 | |||
| Accumulated other comprehensive loss | (1) | (1) | (1) | (1) | (1) | (1) | |||
| Retained earnings | 218 | 219 | 346 | 323 | 327 | 311 | |||
| Total equity: | 5,322 | 4,723 | 5,420 | 4,792 | 4,216 | 3,695 | |||
| Other undisclosed liabilities and equity | 3,935 | 3,933 | 3,734 | 3,136 | 2,594 | 2,869 | |||
| TOTAL LIABILITIES AND EQUITY: | 13,107 | 11,831 | 13,803 | 12,196 | 11,048 | 10,007 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,526 | 2,637 | 3,169 | 2,695 | 2,272 | 2,404 | ||
| Cost of revenue | (1,167) | (1,278) | (1,703) | (1,426) | (1,082) | (1,256) | ||
| Cost of product and service sold | (517) | (605) | (676) | (604) | (340) | (516) | ||
| Gross profit: | 1,359 | 1,359 | 1,466 | 1,269 | 1,190 | 1,148 | ||
| Operating expenses | (678) | (656) | (693) | (663) | (590) | (587) | ||
| Operating income: | 681 | 703 | 773 | 606 | 600 | 561 | ||
| Nonoperating income | 48 | 89 | 55 | 50 | 36 | 20 | ||
| Public utilities, allowance for funds used during construction, additions | 30 | 19 | 35 | 45 | 30 | 11 | ||
| Other nonoperating income | 18 | 32 | 20 | 5 | 6 | 9 | ||
| Interest and debt expense | (203) | (239) | (167) | (130) | (130) | (134) | ||
| Income from continuing operations before equity method investments, income taxes: | 526 | 553 | 661 | 526 | 506 | 447 | ||
| Other undisclosed income from continuing operations before income taxes | 10 | |||||||
| Income from continuing operations before income taxes: | 536 | 553 | 661 | 526 | 506 | 447 | ||
| Income tax expense | (68) | (87) | (121) | (80) | (82) | (77) | ||
| Income from continuing operations: | 468 | 466 | 540 | 446 | 424 | 370 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 446 | 424 | 370 | |
| Net income available to common stockholders, diluted: | 468 | 466 | 540 | 446 | 424 | 370 | ||
Comprehensive Income ($ in millions)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 468 | 466 | 540 | 446 | 424 | 370 | ||
| Comprehensive income, net of tax, attributable to parent: | 468 | 466 | 540 | 446 | 424 | 370 | ||
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.