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)Annual | Quarterly
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 investments | 45 | 56 | 395 | 509 | 56 | 78 | |||
Cash and cash equivalents | 42 | 36 | 375 | 486 | 30 | 46 | |||
Short-term investments | 3 | 20 | 20 | 23 | 26 | 32 | |||
Receivables | 1,332 | 1,660 | 1,517 | 1,454 | 1,346 | 1,469 | |||
Inventory, net of allowances, customer advances and progress billings | 374 | ||||||||
Inventory | 374 | ||||||||
Regulatory asset | 1,382 | 1,332 | 1,335 | 1,144 | 1,163 | 1,128 | |||
Other current assets | 378 | 468 | 383 | 333 | 289 | 351 | |||
Other undisclosed current assets | 584 | 620 | 219 | 480 | 413 | 448 | |||
Total current assets: | 3,722 | 4,136 | 4,223 | 3,920 | 3,268 | 3,474 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 55 | ||||||||
Operating lease, right-of-use asset | 57 | ||||||||
Long-term investments and receivables | 2,555 | 2,635 | 2,543 | 2,431 | 2,120 | 1,969 | |||
Long-term investments | 2,555 | 2,635 | 2,543 | 2,431 | 2,120 | 1,969 | |||
Intangible assets, net (including goodwill) | 4,523 | 4,523 | 4,523 | 4,478 | 4,478 | 4,477 | |||
Goodwill | 4,523 | 4,523 | 4,523 | 4,478 | 4,478 | 4,477 | |||
Regulated entity, other noncurrent assets | 4,391 | 4,408 | 4,243 | 4,559 | 4,569 | 4,573 | |||
Other noncurrent assets | 588 | 561 | 541 | 622 | 627 | 944 | |||
Other undisclosed noncurrent assets | 38,762 | 37,843 | 37,047 | 35,591 | 34,854 | 33,853 | |||
Total noncurrent assets: | 50,818 | 49,969 | 49,008 | 47,680 | 46,648 | 45,815 | |||
TOTAL ASSETS: | 54,540 | 54,105 | 53,231 | 51,599 | 49,916 | 49,289 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 1,550 | 1,822 | 2,161 | 1,460 | 1,354 | 1,494 | |||
Accounts payable | 1,550 | 1,822 | 2,114 | 1,460 | 1,354 | 1,494 | |||
Accrued liabilities | 47 | ||||||||
Debt | 2,062 | 1,615 | 1,324 | 1,610 | 1,265 | 817 | |||
Regulatory liability | 654 | 651 | 891 | 989 | 760 | 652 | |||
Other liabilities | 930 | 1,078 | 989 | 984 | 740 | 925 | |||
Other undisclosed current liabilities | 599 | 1,239 | 1,434 | 445 | 142 | 1,712 | |||
Total current liabilities: | 5,795 | 6,405 | 6,799 | 5,487 | 4,261 | 5,601 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 21,772 | 20,563 | 19,778 | 19,832 | 19,584 | 17,912 | |||
Long-term debt, excluding current maturities | 21,772 | 20,563 | 19,724 | 19,832 | 19,584 | 17,912 | |||
Finance lease, liability | 54 | ||||||||
Liabilities, other than long-term debt | 10,875 | 10,844 | 10,668 | 10,435 | 10,427 | 10,351 | |||
Asset retirement obligations | 502 | 501 | 503 | 506 | 505 | 501 | |||
Deferred income tax liabilities | 5,275 | 5,239 | 5,068 | 4,830 | 4,770 | 4,683 | |||
Liability, pension and other postretirement and postemployment benefits | 120 | 120 | 135 | 159 | 195 | 201 | |||
Regulatory liability | 3,967 | 3,974 | 3,930 | 3,901 | 3,887 | 3,895 | |||
Other liabilities | 907 | 885 | 888 | 874 | 882 | 862 | |||
Derivative instruments and hedges, liabilities | 103 | 124 | 144 | 164 | 189 | 210 | |||
Total noncurrent liabilities: | 32,647 | 31,406 | 30,447 | 30,267 | 30,011 | 28,263 | |||
Total liabilities: | 38,441 | 37,811 | 37,246 | 35,754 | 34,271 | 33,865 | |||
Temporary equity, carrying amount | 156 | 156 | 156 | 156 | 156 | 156 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 15,554 | 15,749 | 15,473 | 15,279 | 15,057 | 14,837 | |||
Common stock | 1,796 | 1,789 | |||||||
Treasury stock, value | (205) | (209) | (216) | (236) | (239) | (243) | |||
Additional paid in capital | 8,429 | 8,412 | 8,402 | 8,327 | 8,242 | 8,103 | |||
Accumulated other comprehensive loss | (32) | (36) | (39) | (41) | (43) | (42) | |||
Retained earnings | 5,563 | 5,783 | 5,527 | 5,429 | 5,301 | 5,229 | |||
Other undisclosed equity, attributable to parent | 1,800 | 1,800 | 1,800 | 1,800 | |||||
Total equity: | 15,554 | 15,749 | 15,473 | 15,279 | 15,057 | 14,837 | |||
Other undisclosed liabilities and equity | 389 | 389 | 356 | 410 | 432 | 432 | |||
TOTAL LIABILITIES AND EQUITY: | 54,540 | 54,105 | 53,231 | 51,599 | 49,916 | 49,289 |
Income Statement (P&L) ($ in millions)Annual | Quarterly
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 2,629 | 3,796 | 3,030 | 3,216 | 2,573 | 3,471 | ||
Cost of revenue (Cost of Goods and Services Sold) | (45) | (55) | (49) | (53) | (45) | (49) | ||
Gross profit: | 2,585 | 3,741 | 2,981 | 3,163 | 2,528 | 3,423 | ||
Operating expenses | (2,069) | (3,046) | (2,508) | (2,658) | (2,117) | (2,808) | ||
Other undisclosed operating income | 45 | 55 | 49 | 53 | 45 | 49 | ||
Operating income: | 561 | 750 | 522 | 557 | 456 | 663 | ||
Nonoperating income | 95 | 89 | 91 | 90 | 94 | 72 | ||
Interest and debt expense | (207) | (195) | (187) | (178) | (160) | (153) | ||
Income from continuing operations before income taxes: | 448 | 644 | 426 | 469 | 389 | 581 | ||
Income tax expense | (30) | (151) | (104) | (118) | (96) | (136) | ||
Income from continuing operations: | 418 | 493 | 322 | 351 | 294 | 445 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 351 | 294 | 445 | |
Other undisclosed net loss | (401) | |||||||
Net income: | 17 | 493 | 322 | 351 | 294 | 445 | ||
Net loss attributable to noncontrolling interest | (2) | (2) | (8) | |||||
Other undisclosed net income attributable to parent | 2 | 2 | 8 | |||||
Net income attributable to parent: | 17 | 493 | 322 | 351 | 294 | 445 | ||
Other undisclosed net loss available to common stockholders, basic | (2) | (2) | (2) | (2) | (2) | (2) | ||
Net income available to common stockholders, basic: | 15 | 491 | 320 | 349 | 292 | 443 | ||
Other undisclosed net income (loss) available to common stockholders, diluted | (0) | 0 | 0 | (0) | 0 | (0) | ||
Net income available to common stockholders, diluted: | 15 | 491 | 320 | 349 | 292 | 443 |
Comprehensive Income ($ in millions)Annual | Quarterly
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: | 17 | 493 | 322 | 351 | 294 | 445 | ||
Other comprehensive income (loss) | 4 | 3 | 2 | 2 | (1) | 1 | ||
Comprehensive income: | 21 | 496 | 324 | 353 | 292 | 446 | ||
Comprehensive loss, net of tax, attributable to noncontrolling interest | (2) | (2) | (2) | (2) | (2) | (2) | ||
Comprehensive income, net of tax, attributable to parent: | 20 | 494 | 322 | 351 | 291 | 444 |
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.