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 investments | 107 | 127 | 257 | 73 | 147 | 767 | 106 | ||
| Cash and cash equivalents | 67 | 88 | 217 | 34 | 107 | 730 | 65 | ||
| Short-term investments | 40 | 39 | 40 | 39 | 41 | 37 | 42 | ||
| Receivables | 1,226 | 1,289 | 1,224 | 1,290 | 1,196 | 1,113 | 996 | ||
| Inventory, net of allowances, customer advances and progress billings | 268 | 266 | |||||||
| Inventory | 268 | 266 | |||||||
| Prepaid expense | 178 | ||||||||
| Regulatory current assets | 1,129 | 1,016 | 1,187 | 1,081 | 1,077 | 763 | 805 | ||
| Other current assets | 370 | 109 | 264 | 239 | 252 | 244 | 192 | ||
| Other undisclosed current assets | 171 | 354 | 336 | 464 | 192 | 333 | 306 | ||
| Total current assets: | 3,270 | 3,074 | 3,269 | 3,147 | 3,130 | 3,220 | 2,405 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 58 | 61 | |||||||
| Operating lease, right-of-use asset | 47 | 55 | |||||||
| Long-term investments and receivables | 1,897 | 1,823 | 1,668 | 1,587 | 1,564 | 1,342 | 1,311 | ||
| Long-term investments | 1,897 | 1,823 | 1,668 | 1,587 | 1,564 | 1,342 | 1,311 | ||
| Intangible assets, net (including goodwill) | 4,477 | 4,454 | 4,454 | 4,453 | 4,446 | 4,404 | 4,427 | ||
| Goodwill | 4,477 | 4,454 | 4,454 | 4,453 | 4,446 | 4,404 | 4,427 | ||
| Regulated entity, other noncurrent assets | 4,587 | 5,459 | 5,246 | 5,431 | 5,493 | 4,883 | 4,730 | ||
| Other noncurrent assets | 884 | 738 | 719 | 634 | 584 | 565 | 554 | ||
| Other undisclosed noncurrent assets | 33,272 | 32,467 | 31,879 | 31,266 | 30,767 | 29,093 | 28,611 | ||
| Total noncurrent assets: | 45,222 | 44,941 | 43,966 | 43,371 | 42,969 | 40,287 | 39,633 | ||
| TOTAL ASSETS: | 48,492 | 48,014 | 47,235 | 46,518 | 46,100 | 43,507 | 42,039 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,672 | 1,289 | 1,061 | 1,061 | 1,371 | 1,222 | 952 | ||
| Accounts payable | 1,672 | 1,289 | 1,061 | 1,061 | 1,371 | 1,222 | 952 | ||
| Debt | 1,197 | 799 | 800 | 1,211 | 1,058 | 1,078 | 701 | ||
| Regulatory liability | 602 | 613 | 532 | 521 | 389 | 465 | 442 | ||
| Other liabilities | 831 | 803 | 665 | 830 | 809 | 765 | 694 | ||
| Other undisclosed current liabilities | 1,545 | 754 | 2,046 | 1,916 | 1,288 | 104 | 537 | ||
| Total current liabilities: | 5,847 | 4,258 | 5,105 | 5,539 | 4,915 | 3,634 | 3,326 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 17,116 | 17,420 | 15,851 | 14,783 | 15,229 | 14,736 | 13,698 | ||
| Long-term debt, excluding current maturities | 17,024 | 17,420 | 15,851 | 14,783 | 15,126 | 14,736 | 13,698 | ||
| Finance lease, liability | 55 | 58 | |||||||
| Operating lease, liability | 37 | 46 | |||||||
| Liabilities, other than long-term debt | 10,412 | 11,315 | 11,336 | 11,332 | 11,343 | 10,504 | 10,536 | ||
| Asset retirement obligations | 500 | 505 | 503 | 500 | 500 | 500 | 497 | ||
| Deferred income tax liabilities | 4,597 | 4,341 | 4,259 | 4,158 | 4,095 | 3,961 | 3,882 | ||
| Liability, pension and other postretirement and postemployment benefits | 242 | 1,330 | 1,455 | 1,566 | 1,654 | 1,163 | 1,308 | ||
| Regulatory liability | 3,866 | 3,908 | 3,880 | 3,863 | 3,851 | 3,711 | 3,680 | ||
| Other liabilities | 971 | 974 | 962 | 952 | 949 | 856 | 840 | ||
| Derivative instruments and hedges, liabilities | 235 | 257 | 276 | 294 | 295 | 313 | 328 | ||
| Total noncurrent liabilities: | 27,529 | 28,735 | 27,187 | 26,115 | 26,572 | 25,241 | 24,233 | ||
| Total liabilities: | 33,376 | 32,993 | 32,292 | 31,654 | 31,487 | 28,875 | 27,559 | ||
| Temporary equity, carrying amount | 156 | 156 | 156 | 156 | 156 | 156 | 156 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 14,600 | 14,412 | 14,312 | 14,233 | 14,064 | 13,980 | 13,805 | ||
| Common stock | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | ||
| Treasury stock, value | (251) | (263) | (266) | (269) | (278) | (282) | (285) | ||
| Additional paid in capital | 8,099 | 8,051 | 8,033 | 8,016 | 8,016 | 7,997 | 7,979 | ||
| Accumulated other comprehensive loss | (42) | (72) | (74) | (75) | (76) | (60) | (63) | ||
| Retained earnings | 5,005 | 4,906 | 4,830 | 4,772 | 4,613 | 4,536 | 4,384 | ||
| Total stockholders' equity: | 14,600 | 14,412 | 14,312 | 14,233 | 14,064 | 13,980 | 13,805 | ||
| Other undisclosed liabilities and equity | 361 | 454 | 475 | 475 | 394 | 497 | 519 | ||
| TOTAL LIABILITIES AND EQUITY: | 48,492 | 48,014 | 47,235 | 46,518 | 46,100 | 43,507 | 42,039 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,482 | 2,433 | 2,123 | 2,826 | 2,234 | 2,344 | 1,953 | |
| Cost of revenue (Cost of Goods and Services Sold) | (44) | (49) | (40) | (49) | (42) | (48) | (38) | |
| Gross profit: | 2,438 | 2,383 | 2,083 | 2,777 | 2,192 | 2,295 | 1,916 | |
| Operating expenses | (2,009) | (1,949) | (1,671) | (2,240) | (1,779) | (1,782) | (1,519) | |
| Other undisclosed operating income | 44 | 49 | 40 | 49 | 42 | 48 | 38 | |
| Operating income: | 473 | 483 | 452 | 586 | 455 | 561 | 434 | |
| Nonoperating income | 37 | 44 | 47 | 34 | 25 | 29 | 30 | |
| Interest and debt expense | (151) | (148) | (145) | (138) | (135) | (134) | (134) | |
| Income from continuing operations before equity method investments, income taxes: | 358 | 379 | 353 | 482 | 344 | 456 | 330 | |
| Other undisclosed income from continuing operations before income taxes | 14 | 14 | ||||||
| Income from continuing operations before income taxes: | 373 | 379 | 353 | 482 | 359 | 456 | 330 | |
| Income tax expense | (50) | (94) | (86) | (114) | (71) | (108) | (76) | |
| Income before gain (loss) on sale of properties: | 323 | 285 | 266 | 368 | 288 | 348 | 254 | |
| Other undisclosed net loss | (1,235) | |||||||
| Net income (loss): | (912) | 285 | 266 | 368 | 288 | 348 | 254 | |
| Net loss attributable to noncontrolling interest | (8) | (8) | ||||||
| Other undisclosed net income (loss) attributable to parent | 1,228 | (7) | ||||||
| Net income attributable to parent: | 309 | 285 | 266 | 368 | 274 | 348 | 254 | |
| Other undisclosed net loss available to common stockholders, basic | (2) | (2) | (2) | (2) | (2) | (2) | (2) | |
| Net income available to common stockholders, basic: | 307 | 283 | 265 | 366 | 272 | 346 | 252 | |
| Other undisclosed net income (loss) available to common stockholders, diluted | 0 | 0 | (0) | |||||
| Net income available to common stockholders, diluted: | 307 | 283 | 265 | 366 | 272 | 346 | 252 | |
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) | 285 | 266 | 368 | 288 | 348 | 254 | |
| Other comprehensive income (loss) | 30 | 2 | 1 | 1 | (16) | 2 | 1 | |
| Comprehensive income (loss): | (882) | 288 | 267 | 369 | 272 | 350 | 255 | |
| 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 parent | 1,221 | (14) | ||||||
| Comprehensive income, net of tax, attributable to parent: | 336 | 286 | 265 | 367 | 256 | 348 | 253 | |
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.