Eversource Energy (ES) financial statements (2022 and earlier)

Company profile

Business Address 300 CADWELL DRIVE
SPRINGFIELD, MA 01104
State of Incorp. MA
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 investments10712725773147767106
Cash and cash equivalents67882173410773065
Short-term investments40394039413742
Receivables1,2261,2891,2241,2901,1961,113996
Inventory, net of allowances, customer advances and progress billings268   266  
Inventory268   266  
Prepaid expense 178     
Regulatory current assets1,1291,0161,1871,0811,077763805
Other current assets370109264239252244192
Other undisclosed current assets171354336464192333306
Total current assets:3,2703,0743,2693,1473,1303,2202,405
Noncurrent Assets
Finance lease, right-of-use asset58   61  
Operating lease, right-of-use asset47   55  
Long-term investments and receivables1,8971,8231,6681,5871,5641,3421,311
Long-term investments1,8971,8231,6681,5871,5641,3421,311
Intangible assets, net (including goodwill)4,4774,4544,4544,4534,4464,4044,427
Goodwill4,4774,4544,4544,4534,4464,4044,427
Regulated entity, other noncurrent assets4,5875,4595,2465,4315,4934,8834,730
Other noncurrent assets884738719634584565554
Other undisclosed noncurrent assets33,27232,46731,87931,26630,76729,09328,611
Total noncurrent assets:45,22244,94143,96643,37142,96940,28739,633
TOTAL ASSETS:48,49248,01447,23546,51846,10043,50742,039
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6721,2891,0611,0611,3711,222952
Accounts payable1,6721,2891,0611,0611,3711,222952
Debt1,1977998001,2111,0581,078701
Regulatory liability602613532521389465442
Other liabilities831803665830809765694
Other undisclosed current liabilities1,5457542,0461,9161,288104537
Total current liabilities:5,8474,2585,1055,5394,9153,6343,326
Noncurrent Liabilities
Long-term debt and lease obligation17,11617,42015,85114,78315,22914,73613,698
Long-term debt, excluding current maturities17,02417,42015,85114,78315,12614,73613,698
Finance lease, liability55   58  
Operating lease, liability37   46  
Liabilities, other than long-term debt10,41211,31511,33611,33211,34310,50410,536
Asset retirement obligations500505503500500500497
Deferred income tax liabilities4,5974,3414,2594,1584,0953,9613,882
Liability, pension and other postretirement and postemployment benefits2421,3301,4551,5661,6541,1631,308
Regulatory liability3,8663,9083,8803,8633,8513,7113,680
Other liabilities971974962952949856840
Derivative instruments and hedges, liabilities235257276294295313328
Total noncurrent liabilities:27,52928,73527,18726,11526,57225,24124,233
Total liabilities:33,37632,99332,29231,65431,48728,87527,559
Temporary equity, carrying amount156156156156156156156
Stockholders' equity
Stockholders' equity attributable to parent14,60014,41214,31214,23314,06413,98013,805
Common stock1,7891,7891,7891,7891,7891,7891,789
Treasury stock, value(251)(263)(266)(269)(278)(282)(285)
Additional paid in capital8,0998,0518,0338,0168,0167,9977,979
Accumulated other comprehensive loss(42)(72)(74)(75)(76)(60)(63)
Retained earnings5,0054,9064,8304,7724,6134,5364,384
Total stockholders' equity:14,60014,41214,31214,23314,06413,98013,805
Other undisclosed liabilities and equity361454475475394497519
TOTAL LIABILITIES AND EQUITY:48,49248,01447,23546,51846,10043,50742,039

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
Revenues2,4822,4332,1232,8262,2342,3441,953
Cost of revenue
(Cost of Goods and Services Sold)
(44)(49)(40)(49)(42)(48)(38)
Gross profit:2,4382,3832,0832,7772,1922,2951,916
Operating expenses(2,009)(1,949)(1,671)(2,240)(1,779)(1,782)(1,519)
Other undisclosed operating income44494049424838
Operating income:473483452586455561434
Nonoperating income37444734252930
Interest and debt expense(151)(148)(145)(138)(135)(134)(134)
Income from continuing operations before equity method investments, income taxes:358379353482344456330
Other undisclosed income from continuing operations before income taxes14   14  
Income from continuing operations before income taxes:373379353482359456330
Income tax expense(50)(94)(86)(114)(71)(108)(76)
Income before gain (loss) on sale of properties:323285266368288348254
Other undisclosed net loss(1,235)      
Net income (loss):(912)285266368288348254
Net loss attributable to noncontrolling interest(8)   (8)  
Other undisclosed net income (loss) attributable to parent1,228   (7)  
Net income attributable to parent:309285266368274348254
Other undisclosed net loss available to common stockholders, basic(2)(2)(2)(2)(2)(2)(2)
Net income available to common stockholders, basic:307283265366272346252
Other undisclosed net income (loss) available to common stockholders, diluted00(0)    
Net income available to common stockholders, diluted:307283265366272346252

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 (loss):(912)285266368288348254
Other comprehensive income (loss)30211(16)21
Comprehensive income (loss):(882)288267369272350255
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(2)(2)(2)(2)(2)(2)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,221   (14)  
Comprehensive income, net of tax, attributable to parent:336286265367256348253

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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