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 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 18 | 30 | 24 | 14 | 10 | 17 | 10 | ||
| Cash and cash equivalents | 18 | 30 | 24 | 14 | 10 | 17 | 10 | ||
| Net investment in lease | 2 | 2 | |||||||
| Receivables | 336 | 398 | 358 | 307 | 303 | 344 | 340 | ||
| Regulatory current assets | 136 | 80 | 68 | 64 | 79 | 50 | 39 | ||
| Other undisclosed current assets | 87 | 86 | 74 | 71 | 68 | 79 | 77 | ||
| Total current assets: | 579 | 594 | 524 | 456 | 462 | 490 | 466 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 10,602 | 10,732 | 10,463 | 10,275 | 10,120 | 9,821 | 9,578 | ||
| Other noncurrent assets | 1,015 | 470 | 472 | 477 | 466 | 452 | 445 | ||
| Total noncurrent assets: | 11,617 | 11,202 | 10,935 | 10,752 | 10,586 | 10,273 | 10,023 | ||
| TOTAL ASSETS: | 12,196 | 11,796 | 11,459 | 11,208 | 11,048 | 10,763 | 10,489 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 427 | 432 | 347 | 332 | 356 | 398 | 312 | ||
| Accounts payable | 390 | 308 | 264 | 247 | 321 | 277 | 245 | ||
| Taxes payable | 19 | 84 | 63 | 40 | 22 | 76 | 52 | ||
| Interest and dividends payable | 18 | 40 | 20 | 45 | 13 | 45 | 15 | ||
| Debt | 250 | 710 | 410 | 288 | 278 | 813 | 772 | ||
| Regulatory liability | 78 | 51 | 57 | 62 | 67 | 77 | 110 | ||
| Due to related parties | 44 | 37 | 22 | 45 | 46 | 31 | 17 | ||
| Other liabilities | 51 | 46 | 43 | 48 | 57 | 40 | 40 | ||
| Other undisclosed current liabilities | 877 | 131 | 130 | 130 | 905 | 131 | 131 | ||
| Total current liabilities: | 1,727 | 1,407 | 1,009 | 905 | 1,709 | 1,490 | 1,382 | ||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 2,199 | 2,220 | 2,204 | 2,216 | 2,193 | 2,186 | 2,185 | ||
| Accumulated deferred investment tax credit | 249 | 229 | 233 | 237 | 216 | 213 | 218 | ||
| Deferred income tax liabilities | 858 | 843 | 815 | 789 | 783 | 789 | 760 | ||
| Regulatory liability | 1,092 | 1,148 | 1,156 | 1,190 | 1,194 | 1,184 | 1,207 | ||
| Other undisclosed noncurrent liabilities | 342 | 317 | 323 | 326 | 336 | 329 | 327 | ||
| Total noncurrent liabilities: | 2,541 | 2,537 | 2,527 | 2,542 | 2,529 | 2,515 | 2,512 | ||
| Total liabilities: | 4,268 | 3,944 | 3,536 | 3,447 | 4,238 | 4,005 | 3,894 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 4,792 | 4,716 | 4,538 | 4,375 | 4,216 | 4,164 | 4,003 | ||
| Common stock | 4,470 | 4,330 | 4,180 | 4,045 | 3,890 | 3,785 | 3,650 | ||
| Accumulated other comprehensive loss | (1) | (1) | (1) | (1) | (1) | (1) | (1) | ||
| Retained earnings | 323 | 387 | 359 | 331 | 327 | 380 | 354 | ||
| Total stockholders' equity: | 4,792 | 4,716 | 4,538 | 4,375 | 4,216 | 4,164 | 4,003 | ||
| Other undisclosed liabilities and equity | 3,136 | 3,136 | 3,385 | 3,386 | 2,594 | 2,594 | 2,592 | ||
| TOTAL LIABILITIES AND EQUITY: | 12,196 | 11,796 | 11,459 | 11,208 | 11,048 | 10,763 | 10,489 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 695 | 747 | 654 | 599 | 580 | 596 | 549 | |
| Cost of revenue | (408) | (386) | (327) | (305) | (303) | (257) | (243) | |
| Cost of goods and services sold | (191) | (175) | (129) | (109) | (101) | (71) | (67) | |
| Gross profit: | 287 | 361 | 327 | 294 | 277 | 339 | 306 | |
| Operating expenses | (172) | (168) | (163) | (160) | (152) | (148) | (142) | |
| Operating income: | 115 | 193 | 164 | 134 | 125 | 191 | 164 | |
| Nonoperating income | 14 | 13 | 12 | 11 | 11 | 9 | 9 | |
| Public utilities, allowance for funds used during construction, additions | 13 | 12 | 10 | 10 | 9 | 8 | 7 | |
| Other nonoperating income | 1 | 1 | 2 | 1 | 2 | 1 | 2 | |
| Interest and debt expense | (31) | (32) | (34) | (33) | (32) | (32) | (32) | |
| Income from continuing operations before income taxes: | 98 | 174 | 142 | 112 | 104 | 168 | 141 | |
| Income tax expense | (14) | (25) | (21) | (20) | (15) | (27) | (24) | |
| Net income available to common stockholders, diluted: | 84 | 149 | 121 | 92 | 89 | 141 | 117 | |
Comprehensive Income ($ in millions)
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 84 | 149 | 121 | 92 | 89 | 141 | 117 | |
| Comprehensive income, net of tax, attributable to parent: | 84 | 149 | 121 | 92 | 89 | 141 | 117 | |
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.