Corning Natural Gas Holding Corp (CNIG) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
330 WEST WILLIAM STREET CORNING, NY 14830 |
| State of Incorp. | NY |
| Fiscal Year End | September 30 |
| Industry (SIC) | 4923 - Natural Gas Transmission and Distribution (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2022 MRQ | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 334 | 412 | 314 | 220 | 443 | 3,809 | |||
| Cash and cash equivalents | 334 | 412 | 314 | 220 | 443 | 3,809 | |||
| Receivables | 2,481 | 2,339 | 2,442 | 3,560 | 2,820 | 725 | |||
| Prepaid expense | 1,746 | 1,802 | 1,726 | 1,468 | 1,450 | 1,581 | |||
| Deferred costs | 1,366 | 995 | 1,239 | 1,621 | 1,382 | 903 | |||
| Other undisclosed current assets | 4,354 | 3,684 | 3,083 | 2,205 | 1,920 | 5,516 | |||
| Total current assets: | 10,282 | 9,232 | 8,804 | 9,073 | 8,015 | 12,533 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 116,539 | 108,890 | 91,778 | 87,593 | 82,136 | 77,832 | |||
| Long-term investments and receivables | 261 | 265 | 2,598 | 2,741 | 4,920 | 4,804 | |||
| Long-term investments | 261 | 265 | 2,598 | 2,741 | 4,920 | 4,804 | |||
| Regulated entity, other noncurrent assets | 14,635 | 15,880 | 13,244 | 10,142 | 11,289 | 11,836 | |||
| Other undisclosed noncurrent assets | 2,337 | 2,193 | 2,184 | 2,194 | |||||
| Total noncurrent assets: | 133,773 | 127,227 | 109,804 | 102,670 | 98,345 | 94,472 | |||
| TOTAL ASSETS: | 144,055 | 136,459 | 118,609 | 111,743 | 106,360 | 107,004 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,646 | 3,163 | 2,752 | 4,141 | 3,095 | 4,408 | |||
| Interest and dividends payable | 530 | 529 | 503 | 484 | 465 | 434 | |||
| Accounts payable | 3,844 | 2,294 | 1,827 | 3,247 | 2,140 | 3,322 | |||
| Accrued liabilities | 271 | 340 | 423 | 410 | 490 | 652 | |||
| Debt | 14,076 | 13,969 | 11,137 | 10,456 | 9,771 | 13,740 | |||
| Deferred tax liabilities | ✕ | ✕ | ✕ | ✕ | 210 | 10 | |||
| Other undisclosed current liabilities | 6,917 | 1,618 | 1,403 | 1,227 | 1,278 | 1,655 | |||
| Total current liabilities: | 25,639 | 18,750 | 15,291 | 15,825 | 14,354 | 19,812 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 46,145 | 44,292 | 37,940 | 36,975 | 33,872 | 31,296 | |||
| Long-term debt, excluding current maturities | 46,145 | 44,292 | 37,940 | 36,975 | 33,872 | 31,296 | |||
| Liabilities, other than long-term debt, including: | 11,316 | 12,545 | 15,884 | 19,186 | |||||
| Deferred compensation liability, classified | 1,392 | 1,412 | 1,444 | 1,454 | |||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 4,897 | 6,785 | 5,640 | ||
| Liability, pension and other postretirement and postemployment benefits | 9,683 | 6,016 | 7,528 | 8,514 | |||||
| Other liabilities | 241 | 220 | 126 | 946 | |||||
| Other undisclosed liabilities, other than long-term debt | 2,633 | ||||||||
| Other undisclosed noncurrent liabilities | (237) | (241) | (11,593) | (12,884) | |||||
| Total noncurrent liabilities: | 45,908 | 44,051 | 37,663 | 36,637 | 49,756 | 50,482 | |||
| Total liabilities: | 71,547 | 62,801 | 52,954 | 52,462 | 64,110 | 70,294 | |||
| Temporary equity, carrying amount | 4,981 | 4,955 | 4,967 | 4,952 | 4,937 | 4,920 | |||
| Equity | |||||||||
| Equity, attributable to parent | 35,473 | 35,934 | 34,418 | 32,841 | 32,343 | 31,790 | |||
| Common stock | 31 | 31 | 30 | 30 | 30 | 25 | |||
| Additional paid in capital | 28,293 | 28,145 | 27,746 | 27,320 | 27,084 | 26,768 | |||
| Accumulated other comprehensive income | 1 | 11 | 7 | 91 | 58 | 95 | |||
| Retained earnings | 7,148 | 7,747 | 6,634 | 5,400 | 5,171 | 4,902 | |||
| Total equity: | 35,473 | 35,934 | 34,418 | 32,841 | 32,343 | 31,790 | |||
| Other undisclosed liabilities and equity | 32,055 | 32,770 | 26,270 | 21,489 | 4,971 | ||||
| TOTAL LIABILITIES AND EQUITY: | 144,055 | 136,459 | 118,609 | 111,743 | 106,360 | 107,004 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2022 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 35,236 | 32,386 | 35,540 | 34,277 | 30,042 | 19,709 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 30,042 | 19,709 | |
| Cost of revenue (Cost of Goods and Services Sold) | (9,317) | (7,111) | (10,550) | (9,708) | (7,882) | (4,153) | ||
| Gross profit: | 25,919 | 25,275 | 24,990 | 24,569 | 22,160 | 15,557 | ||
| Operating expenses | (21,560) | (18,050) | (17,546) | (18,642) | (17,619) | (11,797) | ||
| Operating income: | 4,359 | 7,225 | 7,444 | 5,927 | 4,541 | 3,759 | ||
| Nonoperating income (expense) | 1,066 | (444) | (564) | 116 | 237 | 121 | ||
| Investment income, nonoperating | 422 | 213 | 52 | 80 | 213 | 103 | ||
| Other nonoperating income (expense) | 644 | (657) | (616) | 36 | 24 | 18 | ||
| Interest and debt expense | (3,433) | (2,567) | (2,326) | (2,133) | (1,895) | (903) | ||
| Income from continuing operations before equity method investments, income taxes: | 1,991 | 4,214 | 4,555 | 3,911 | 2,883 | 2,977 | ||
| Loss from equity method investments | (3) | (52) | (143) | (132) | (131) | (60) | ||
| Other undisclosed income from continuing operations before income taxes | 35 | 49 | 49 | 1,281 | ||||
| Income from continuing operations before income taxes: | 1,989 | 4,162 | 4,447 | 3,828 | 2,801 | 4,198 | ||
| Income tax expense | (464) | (960) | (1,323) | (1,683) | (700) | (1,076) | ||
| Income from continuing operations: | 1,525 | 3,201 | 3,124 | 2,144 | 2,101 | 3,121 | ||
| Income before gain (loss) on sale of properties: | ✕ | 1,525 | 3,201 | 3,124 | 2,144 | 2,101 | 3,121 | |
| Net income attributable to parent: | 1,525 | 3,201 | 3,124 | 2,144 | 2,101 | 3,121 | ||
| Preferred stock dividends and other adjustments | (244) | (244) | (244) | (244) | (244) | (63) | ||
| Net income available to common stockholders, diluted: | 1,281 | 2,957 | 2,880 | 1,900 | 1,857 | 3,059 | ||
Comprehensive Income ($ in thousands)
| 3/31/2022 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,525 | 3,201 | 3,124 | 2,144 | 2,101 | 3,121 | ||
| Other comprehensive income (loss) | (4) | 1 | 12 | 1 | 25 | 46 | ||
| Comprehensive income: | 1,521 | 3,203 | 3,136 | 2,145 | 2,126 | 3,168 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (6) | 2 | 5 | 32 | (63) | 20 | ||
| Comprehensive income, net of tax, attributable to parent: | 1,515 | 3,205 | 3,141 | 2,177 | 2,063 | 3,188 | ||
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.