TAMPA ELECTRIC CO Financial Statements (2024 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 thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,0004,00014,00085,00011,00020,000
Cash and cash equivalents5,0004,00014,00085,00011,00020,000
Receivables1,292,0001,137,000399,000449,000465,000349,000
Regulatory asset310,000384,000361,000524,000305,000209,000
Other undisclosed current assets147,000142,000135,000119,00090,00092,000
Total current assets:1,754,0001,667,000909,0001,177,000871,000670,000
Noncurrent Assets
Property, plant and equipment9,730,0009,533,00011,644,00011,268,00010,992,00010,788,000
Other noncurrent assets998,0001,073,0001,250,0001,007,0001,001,000990,000
Total noncurrent assets:10,728,00010,606,00012,894,00012,275,00011,993,00011,778,000
TOTAL ASSETS:12,482,00012,273,00013,803,00013,452,00012,864,00012,448,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities351,000319,000517,000716,000443,000364,000
Interest and dividends payable47,00020,00039,000
Taxes payable88,00067,00040,000
Accounts payable266,000247,000472,000446,000356,000285,000
Accrued liabilities85,00072,00045,000135,000  
Debt1,224,0001,183,0001,019,000850,000750,0001,063,000
Regulatory liability86,00083,00085,00073,00063,00049,000
Due to related parties209,000214,000226,00038,00037,00033,000
Other liabilities39,00035,00045,00054,00054,00053,000
Other undisclosed current liabilities123,000119,000145,0006,000136,000134,000
Total current liabilities:2,032,0001,953,0002,037,0001,737,0001,483,0001,696,000
Noncurrent Liabilities
Liabilities, other than long-term debt1,860,0001,882,0002,343,0002,314,0002,304,0002,276,000
Accumulated deferred investment tax credit240,000243,000243,000304,000298,000280,000
Deferred income tax liabilities876,000878,0001,045,000934,000885,000864,000
Regulatory liability744,000761,0001,055,0001,076,0001,121,0001,132,000
Other undisclosed noncurrent liabilities185,000187,000269,000322,000337,000339,000
Total noncurrent liabilities:2,045,0002,069,0002,612,0002,636,0002,641,0002,615,000
Total liabilities:4,077,0004,022,0004,649,0004,373,0004,124,0004,311,000
Equity
Equity, attributable to parent4,670,0004,517,0005,420,0005,346,0005,133,0005,000,000
Common stock4,405,0004,305,0005,075,0004,940,0004,750,0004,645,000
Accumulated other comprehensive loss(1,000)(1,000)(1,000)(1,000)(1,000)(1,000)
Retained earnings266,000213,000346,000407,000384,000356,000
Total equity:4,670,0004,517,0005,420,0005,346,0005,133,0005,000,000
Other undisclosed liabilities and equity3,735,0003,734,0003,734,0003,733,0003,607,0003,137,000
TOTAL LIABILITIES AND EQUITY:12,482,00012,273,00013,803,00013,452,00012,864,00012,448,000

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues677,000552,000745,000912,000821,000691,000
Cost of revenue(320,000)(265,000)(414,000)(497,000)(438,000)(354,000)
Cost of goods and services sold(139,000)(137,000)(158,000)(200,000)(190,000)(128,000)
Gross profit:357,000287,000331,000415,000383,000337,000
Operating expenses(163,000)(156,000)(176,000)(178,000)(173,000)(166,000)
Operating income:194,000131,000155,000237,000210,000171,000
Nonoperating income23,00021,00018,00014,00012,00011,000
Investment income, nonoperating 10,000     
Public utilities, allowance for funds used during construction, additions4,0003,00010,0008,0009,0008,000
Other nonoperating income9,00010,0008,0006,0003,0003,000
Interest and debt expense(61,000)(58,000)(50,000)(44,000)(38,000)(35,000)
Income from continuing operations before income taxes:156,00094,000123,000207,000184,000147,000
Income tax expense(24,000)(15,000)(15,000)(38,000)(39,000)(29,000)
Income from continuing operations:132,00079,000108,000169,000145,000118,000
Income before gain (loss) on sale of properties:169,000145,000118,000
Net income available to common stockholders, diluted:132,00079,000108,000169,000145,000118,000

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:132,00079,000108,000169,000145,000118,000
Comprehensive income, net of tax, attributable to parent:132,00079,000108,000169,000145,000118,000

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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