CenterPoint Energy Inc (Holding Co) (CNP) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1111 LOUISIANA ST. HOUSTON, TX 77002 |
| State of Incorp. | TX |
| 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)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 631 | 584 | 1,669 | 1,018 | 1,063 | 4,771 | |||
| Cash and cash equivalents | 90 | 74 | 230 | 147 | 241 | 4,231 | |||
| Short-term investments | 541 | 510 | 1,439 | 871 | 822 | 540 | |||
| Restricted cash and investments | |||||||||
| Receivables | 1,320 | 1,673 | 1,204 | 1,263 | 1,941 | 1,568 | |||
| Inventory, net of allowances, customer advances and progress billings | 197 | 241 | 186 | 203 | 277 | 194 | |||
| Inventory | 197 | 241 | 186 | 203 | 277 | 194 | |||
| Contract with customer, asset, after allowance for credit loss | 4 | 15 | 27 | 61 | |||||
| Derivative instruments and hedges, assets | 10 | 9 | 136 | 100 | |||||
| Regulatory asset | 161 | 1,385 | 1,395 | ||||||
| Disposal group, including discontinued operation | 2,338 | ||||||||
| Other undisclosed current assets | 718 | 802 | 539 | 409 | 369 | 392 | |||
| Total current assets: | 3,027 | 4,699 | 7,355 | 2,920 | 3,847 | 7,025 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 29,853 | 27,143 | 23,484 | 22,362 | 20,945 | 14,044 | |||
| Long-term investments and receivables | 783 | 2,408 | 2,482 | ||||||
| Long-term investments | 783 | 2,408 | 2,482 | ||||||
| Intangible assets, net (including goodwill) | 4,160 | 4,294 | 4,294 | 4,697 | 5,485 | 867 | |||
| Goodwill | 4,160 | 4,294 | 4,294 | 4,697 | 5,164 | 867 | |||
| Intangible assets, net (excluding goodwill) | 321 | ||||||||
| Derivative instruments and hedges | 2 | 5 | 58 | 38 | |||||
| Regulated entity, other noncurrent assets | 2,513 | 2,193 | 2,321 | 2,094 | 2,117 | 1,967 | |||
| Other noncurrent assets | 162 | 215 | 220 | 252 | 216 | 223 | |||
| Other undisclosed noncurrent assets | 363 | 363 | 363 | ||||||
| Total noncurrent assets: | 36,688 | 33,847 | 30,324 | 30,551 | 31,592 | 19,984 | |||
| TOTAL ASSETS: | 39,715 | 38,546 | 37,679 | 33,471 | 35,439 | 27,009 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,570 | 1,953 | 1,841 | 1,399 | 1,537 | 1,752 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 267 | 281 | 158 | 308 | ||
| Taxes payable | ✕ | ✕ | ✕ | 378 | 265 | 241 | 204 | ||
| Accounts payable | 917 | 1,352 | 1,196 | 853 | 1,138 | 1,240 | |||
| Accrued liabilities | 653 | 601 | |||||||
| Deferred revenue | 111 | 110 | 111 | 119 | ✕ | ||||
| Debt | 1,059 | 2,020 | 545 | 1,919 | 868 | 482 | |||
| Derivative instruments and hedges, liabilities | 9 | 2 | 3 | 51 | 126 | ||||
| Regulatory liability | 39 | 25 | 21 | ||||||
| Disposal group, including discontinued operation | 562 | ||||||||
| Other liabilities | 510 | 452 | 323 | 432 | 414 | 341 | |||
| Other undisclosed current liabilities | 566 | 553 | 882 | 953 | 1,018 | 601 | |||
| Total current liabilities: | 3,864 | 5,113 | 4,287 | 4,825 | 3,888 | 3,302 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 17,559 | 14,836 | 15,575 | 11,521 | 14,244 | 8,682 | |||
| Long-term debt, excluding current maturities | 17,559 | 14,836 | 15,558 | 11,521 | 14,244 | 8,682 | |||
| Liabilities, other than long-term debt | 8,625 | 8,552 | 8,416 | 8,777 | 8,948 | 6,967 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 3,928 | 3,239 | ||
| Deferred income tax liabilities | 4,079 | 3,986 | 3,904 | 3,603 | ✕ | ||||
| Liability, pension and other postretirement and postemployment benefits | 572 | 547 | 511 | 680 | 754 | 796 | |||
| Regulatory liability | 3,208 | 3,245 | 3,153 | 3,448 | 3,474 | 2,525 | |||
| Other liabilities | 763 | 774 | 836 | 1,019 | 763 | 402 | |||
| Operating lease, liability | 17 | ✕ | |||||||
| Derivative instruments and hedges, liabilities | 3 | 12 | 27 | 29 | 5 | ||||
| Total noncurrent liabilities: | 26,184 | 23,388 | 23,991 | 20,298 | 23,192 | 15,649 | |||
| Total liabilities: | 30,048 | 28,501 | 28,278 | 25,123 | 27,080 | 18,951 | |||
| Temporary equity, carrying amount | 3 | 3 | |||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 9,667 | 10,042 | 9,415 | 8,348 | 8,359 | 8,058 | |||
| Preferred stock | 790 | 790 | |||||||
| Common stock | 6 | 6 | 6 | 6 | 5 | 5 | |||
| Additional paid in capital | 8,604 | 8,568 | 8,529 | 6,914 | 6,080 | 6,072 | |||
| Accumulated other comprehensive loss | (35) | (31) | (64) | (90) | (98) | (108) | |||
| Retained earnings (accumulated deficit) | 1,092 | 709 | 154 | (845) | 632 | 349 | |||
| Other undisclosed equity, attributable to parent | 2,363 | 1,740 | 1,740 | ||||||
| Total equity: | 9,667 | 10,042 | 9,415 | 8,348 | 8,359 | 8,058 | |||
| Other undisclosed liabilities and equity | (17) | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 39,715 | 38,546 | 37,679 | 33,471 | 35,439 | 27,009 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 8,696 | 9,321 | 8,352 | 7,418 | 12,301 | 10,589 | ||
| Cost of revenue | (6,194) | (7,284) | (6,223) | (5,481) | (10,222) | (8,776) | ||
| Cost of goods and services sold | (99) | (204) | (208) | (257) | (4,029) | (4,364) | ||
| Gross profit: | 2,502 | 2,037 | 2,129 | 1,937 | 2,079 | 1,813 | ||
| Operating expenses | (742) | (471) | (766) | (898) | (853) | (982) | ||
| Operating income: | 1,760 | 1,566 | 1,363 | 1,039 | 1,226 | 831 | ||
| Nonoperating expense | (673) | (149) | (585) | (1,904) | (297) | (317) | ||
| Other nonoperating income (expense) | 37 | (26) | 58 | 60 | 50 | 50 | ||
| Interest and debt expense | (701) | (511) | (508) | (501) | (528) | (361) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 386 | 906 | 270 | (1,366) | 401 | 153 | ||
| Other undisclosed income from continuing operations before income taxes | 701 | 511 | 508 | 501 | 528 | 361 | ||
| Income (loss) from continuing operations before income taxes: | 1,087 | 1,417 | 778 | (865) | 929 | 514 | ||
| Income tax expense (benefit) | (170) | (360) | (110) | 274 | (138) | (146) | ||
| Income (loss) from continuing operations: | 917 | 1,057 | 668 | (591) | 791 | 368 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 668 | (591) | 791 | 368 | |
| Net income (loss): | 917 | 1,057 | 668 | (591) | 791 | 368 | ||
| Other undisclosed net income (loss) attributable to parent | 818 | (182) | ||||||
| Net income (loss) attributable to parent: | 917 | 1,057 | 1,486 | (773) | 791 | 368 | ||
| Preferred stock dividends and other adjustments | (50) | (49) | (95) | (176) | (117) | (35) | ||
| Net income (loss) available to common stockholders, diluted: | 867 | 1,008 | 1,391 | (949) | 674 | 333 | ||
Comprehensive Income ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 917 | 1,057 | 668 | (591) | 791 | 368 | ||
| Other comprehensive income | 2 | 7 | 11 | 5 | 9 | 7 | ||
| Other undisclosed comprehensive income | ||||||||
| Comprehensive income (loss): | 919 | 1,064 | 679 | (586) | 800 | 375 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 738 | (355) | (116) | (67) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | 919 | 1,064 | 1,417 | (941) | 684 | 308 | ||
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.