Eversource Energy (ES) Financial Statements (2024 and earlier)

Company Profile

Business Address 300 CADWELL DRIVE
SPRINGFIELD, MA 01104
State of Incorp. MA
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)

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 investments45563955095678
Cash and cash equivalents42363754863046
Short-term investments 32020232632
Receivables1,3321,6601,5171,4541,3461,469
Inventory, net of allowances, customer advances and progress billings   374   
Inventory   374   
Regulatory asset1,3821,3321,3351,1441,1631,128
Other current assets378468383333289351
Other undisclosed current assets584620219480413448
Total current assets:3,7224,1364,2233,9203,2683,474
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   55   
Operating lease, right-of-use asset   57   
Long-term investments and receivables2,5552,6352,5432,4312,1201,969
Long-term investments2,5552,6352,5432,4312,1201,969
Intangible assets, net (including goodwill)4,5234,5234,5234,4784,4784,477
Goodwill4,5234,5234,5234,4784,4784,477
Regulated entity, other noncurrent assets4,3914,4084,2434,5594,5694,573
Other noncurrent assets588561541622627944
Other undisclosed noncurrent assets38,76237,84337,04735,59134,85433,853
Total noncurrent assets:50,81849,96949,00847,68046,64845,815
TOTAL ASSETS:54,54054,10553,23151,59949,91649,289
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5501,8222,1611,4601,3541,494
Accounts payable1,5501,8222,1141,4601,3541,494
Accrued liabilities   47   
Debt2,0621,6151,3241,6101,265817
Regulatory liability654651891989760652
Other liabilities9301,078989984740925
Other undisclosed current liabilities5991,2391,4344451421,712
Total current liabilities:5,7956,4056,7995,4874,2615,601
Noncurrent Liabilities
Long-term debt and lease obligation21,77220,56319,77819,83219,58417,912
Long-term debt, excluding current maturities21,77220,56319,72419,83219,58417,912
Finance lease, liability   54   
Liabilities, other than long-term debt10,87510,84410,66810,43510,42710,351
Asset retirement obligations502501503506505501
Deferred income tax liabilities5,2755,2395,0684,8304,7704,683
Liability, pension and other postretirement and postemployment benefits120120135159195201
Regulatory liability3,9673,9743,9303,9013,8873,895
Other liabilities907885888874882862
Derivative instruments and hedges, liabilities103124144164189210
Total noncurrent liabilities:32,64731,40630,44730,26730,01128,263
Total liabilities:38,44137,81137,24635,75434,27133,865
Temporary equity, carrying amount156156156156156156
Equity
Equity, attributable to parent, including:15,55415,74915,47315,27915,05714,837
Common stock     1,7961,789
Treasury stock, value(205)(209)(216)(236)(239)(243)
Additional paid in capital8,4298,4128,4028,3278,2428,103
Accumulated other comprehensive loss(32)(36)(39)(41)(43)(42)
Retained earnings5,5635,7835,5275,4295,3015,229
Other undisclosed equity, attributable to parent1,8001,8001,8001,800  
Total equity:15,55415,74915,47315,27915,05714,837
Other undisclosed liabilities and equity389389356410432432
TOTAL LIABILITIES AND EQUITY:54,54054,10553,23151,59949,91649,289

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

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
Revenues2,6293,7963,0303,2162,5733,471
Cost of revenue
(Cost of Goods and Services Sold)
(45)(55)(49)(53)(45)(49)
Gross profit:2,5853,7412,9813,1632,5283,423
Operating expenses(2,069)(3,046)(2,508)(2,658)(2,117)(2,808)
Other undisclosed operating income455549534549
Operating income:561750522557456663
Nonoperating income958991909472
Interest and debt expense(207)(195)(187)(178)(160)(153)
Income from continuing operations before income taxes:448644426469389581
Income tax expense(30)(151)(104)(118)(96)(136)
Income from continuing operations:418493322351294445
Income before gain (loss) on sale of properties:351294445
Other undisclosed net loss (401)     
Net income:17493322351294445
Net loss attributable to noncontrolling interest(2)(2)(8)   
Other undisclosed net income attributable to parent228   
Net income attributable to parent:17493322351294445
Other undisclosed net loss available to common stockholders, basic(2)(2)(2)(2)(2)(2)
Net income available to common stockholders, basic:15491320349292443
Other undisclosed net income (loss) available to common stockholders, diluted(0)00(0)0(0)
Net income available to common stockholders, diluted:15491320349292443

Comprehensive Income ($ in millions)

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:17493322351294445
Other comprehensive income (loss)4322(1)1
Comprehensive income:21496324353292446
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(2)(2)(2)(2)(2)
Comprehensive income, net of tax, attributable to parent:20494322351291444

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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