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 investments18302414101710
Cash and cash equivalents18302414101710
Net investment in lease2   2  
Receivables336398358307303344340
Regulatory current assets136806864795039
Other undisclosed current assets87867471687977
Total current assets:579594524456462490466
Noncurrent Assets
Property, plant and equipment10,60210,73210,46310,27510,1209,8219,578
Other noncurrent assets1,015470472477466452445
Total noncurrent assets:11,61711,20210,93510,75210,58610,27310,023
TOTAL ASSETS:12,19611,79611,45911,20811,04810,76310,489
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities427432347332356398312
Accounts payable390308264247321277245
Taxes payable19846340227652
Interest and dividends payable18402045134515
Debt250710410288278813772
Regulatory liability785157626777110
Due to related parties44372245463117
Other liabilities51464348574040
Other undisclosed current liabilities877131130130905131131
Total current liabilities:1,7271,4071,0099051,7091,4901,382
Noncurrent Liabilities
Liabilities, other than long-term debt2,1992,2202,2042,2162,1932,1862,185
Accumulated deferred investment tax credit249229233237216213218
Deferred income tax liabilities858843815789783789760
Regulatory liability1,0921,1481,1561,1901,1941,1841,207
Other undisclosed noncurrent liabilities342317323326336329327
Total noncurrent liabilities:2,5412,5372,5272,5422,5292,5152,512
Total liabilities:4,2683,9443,5363,4474,2384,0053,894
Stockholders' equity
Stockholders' equity attributable to parent4,7924,7164,5384,3754,2164,1644,003
Common stock4,4704,3304,1804,0453,8903,7853,650
Accumulated other comprehensive loss(1)(1)(1)(1)(1)(1)(1)
Retained earnings323387359331327380354
Total stockholders' equity:4,7924,7164,5384,3754,2164,1644,003
Other undisclosed liabilities and equity3,1363,1363,3853,3862,5942,5942,592
TOTAL LIABILITIES AND EQUITY:12,19611,79611,45911,20811,04810,76310,489

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
Revenues695747654599580596549
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:287361327294277339306
Operating expenses(172)(168)(163)(160)(152)(148)(142)
Operating income:115193164134125191164
Nonoperating income141312111199
Public utilities, allowance for funds used during construction, additions13121010987
Other nonoperating income1121212
Interest and debt expense(31)(32)(34)(33)(32)(32)(32)
Income from continuing operations before income taxes:98174142112104168141
Income tax expense(14)(25)(21)(20)(15)(27)(24)
Net income available to common stockholders, diluted:841491219289141117

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:841491219289141117
Comprehensive income, net of tax, attributable to parent:841491219289141117

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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