Itc Holdings Corp (ITC) Financial Statements (2026 and earlier)

Company Profile

Business Address	27175 ENERGY WAY NOVI, MI 48377
State of Incorp.	MI
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

	3/31/2026 MRQ	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments		13	19	328	4	5	4
Cash and cash equivalent		13	19	328	4	5	4
Receivables		164	160	137	140	130	115
Inventory, net of allowances, customer advances and progress billings		85	78	63	55	45	42
Inventory		85	78	63	55	45	42
Regulatory asset		28	21	30	12	21	52
Other undisclosed current assets		28	23	21	18	16	11
Total current assets:		318	301	579	229	217	224
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization		13,196	12,129	11,274	10,637	9,961	9,327
Intangible asset, including goodwill, after accumulated amortization		950	950	950	950
Goodwill		950	950	950	950
Regulated entity, other noncurrent assets		197	187	175	181
Other noncurrent assets		173	154	146	134	101	83
Other undisclosed noncurrent assets						1,166	1,191
Total noncurrent assets:		14,516	13,420	12,545	11,902	11,228	10,601
TOTAL ASSETS:		14,834	13,721	13,124	12,131	11,445	10,825
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities		370	353	332	312	319	301
Interest and dividends payable	✕	✕	✕	✕	✕	56	55
Taxes payable	✕	✕	✕	✕	✕	64	61
Employee-related liabilities	✕	✕	✕	✕	✕	72	55
Accounts payable		141	142	117	112	127	130
Accrued liabilities		229	211	215	200
Deferred revenue		54	44	31	26	44	37
Debt		636		475	384	654	67
Regulatory liability		23	67	41	22	14	14
Other liabilities		25	20	18	15	16	18
Total current liabilities:		1,108	484	897	759	1,047	437
Noncurrent Liabilities
Long-term debt and lease obligation		7,840	7,892	7,123	6,607	6,009	6,295
Long-term debt, excluding current maturities		7,840	7,892	7,123	6,607	6,009	6,295
Liabilities, other than long-term debt		2,529	2,351	2,250	2,093	760	792
Deferred revenue			11	33	29	28	65
Asset retirement obligations						6	6
Deferred income tax liabilities		1,662	1,521	1,411	1,303
Liability, pension and other postretirement and postemployment benefits		27	39	42	41	52	59
Regulatory liability		759	729	721	676	619	612
Other liabilities		81	51	43	44	55	50
Other undisclosed noncurrent liabilities						1,155	1,007
Total noncurrent liabilities:		10,369	10,243	9,373	8,700	7,924	8,094
Total liabilities:		11,477	10,727	10,270	9,459	8,971	8,531
Equity
Equity, attributable to parent		3,357	2,994	2,854	2,672	2,474	2,294
Common stock		892	892	892	892	892	892
Accumulated other comprehensive income (loss)		21	28	29	27	(2)	(8)
Retained earnings		2,444	2,074	1,933	1,753	1,584	1,410
Total equity:		3,357	2,994	2,854	2,672	2,474	2,294
TOTAL LIABILITIES AND EQUITY:		14,834	13,721	13,124	12,131	11,445	10,825

Income Statement (P&L) ($ in millions)
Annual | Quarterly

	3/31/2026 TTM	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Revenues		1,786	1,625	1,545	1,466	1,349	1,298
Cost of revenue					(540)	(472)	(211)
Gross profit:		1,786	1,625	1,545	926	877	1,087
Operating expenses		(799)	(711)	(671)	(105)	(128)	(334)
Other operating income, net					1	1
Other undisclosed operating loss					(1)	(1)
Operating income:		987	914	874	821	749	753
Nonoperating expense		(309)	(282)	(255)	(233)	(216)	(210)
Public utilities, allowance for funds used during construction, capitalized cost of equity		44	44	43	37	30	27
Interest and debt expense		(364)	(348)	(315)	(269)	(251)	(240)
Other undisclosed income from continuing operations before equity method investments, income taxes					269	251	240
Income from continuing operations before equity method investments, income taxes:		314	284	304	588	533	543
Other undisclosed income from continuing operations before income taxes		364	348	315
Income from continuing operations before income taxes:		678	632	619	588	533	543
Income tax expense		(159)	(148)	(156)	(146)	(127)	(136)
Income from continuing operations:		519	484	463	442	406	407
Income before gain (loss) on sale of properties:	✕	✕	✕	✕	✕	406	407
Net income available to common stockholders, diluted:		519	484	463	442	406	407

Comprehensive Income ($ in millions)
Annual | Quarterly

	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Net income:	519	484	463	442	406	407
Other comprehensive income (loss)	(7)	(1)	2	29	6	(15)
Comprehensive income, net of tax, attributable to parent:	512	483	465	471	412	392

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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Itc Holdings Corp (ITC) Financial Statements (2026 and earlier)

Company Profile

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

Income Statement (P&L) ($ in millions)
Annual | Quarterly

Comprehensive Income ($ in millions)
Annual | Quarterly

Statements Sources

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Itc Holdings Corp (ITC) Financial Statements (2026 and earlier)

Company Profile

Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly

Income Statement (P&L) ($ in millions)Annual | Quarterly

Comprehensive Income ($ in millions)Annual | Quarterly

Statements Sources

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Financial Reporting
and Analysis Software

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

Income Statement (P&L) ($ in millions)
Annual | Quarterly

Comprehensive Income ($ in millions)
Annual | Quarterly