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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 thousands)Annual | Quarterly
| 3/31/2026 Q1 | 12/31/2025 Q4 | 9/30/2025 Q3 | 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 13,000 | 4,000 | 14,000 | 3,000 | 19,000 | 130,000 | |||
| Cash and cash equivalent | 13,000 | 4,000 | 14,000 | 3,000 | 19,000 | 130,000 | |||
| Receivables | 164,000 | 164,000 | 217,000 | 154,000 | 160,000 | 168,000 | |||
| Inventory, net of allowances, customer advances and progress billings | 85,000 | 82,000 | 80,000 | 78,000 | 78,000 | 73,000 | |||
| Inventory | 85,000 | 82,000 | 80,000 | 78,000 | 78,000 | 73,000 | |||
| Regulatory asset | 28,000 | 26,000 | 24,000 | 22,000 | 21,000 | 23,000 | |||
| Other undisclosed current assets | 28,000 | 31,000 | 28,000 | 28,000 | 23,000 | 24,000 | |||
| Total current assets: | 318,000 | 307,000 | 363,000 | 285,000 | 301,000 | 418,000 | |||
| Noncurrent Assets | |||||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 13,196,000 | 12,912,000 | 12,648,000 | 12,396,000 | 12,129,000 | 11,862,000 | |||
| Intangible asset, including goodwill, after accumulated amortization | 950,000 | 950,000 | 950,000 | 950,000 | 950,000 | 950,000 | |||
| Goodwill | 950,000 | 950,000 | 950,000 | 950,000 | 950,000 | 950,000 | |||
| Regulated entity, other noncurrent assets | 197,000 | 193,000 | 222,000 | 227,000 | 187,000 | 179,000 | |||
| Other noncurrent assets | 173,000 | 173,000 | 155,000 | 152,000 | 154,000 | 140,000 | |||
| Total noncurrent assets: | 14,516,000 | 14,228,000 | 13,975,000 | 13,725,000 | 13,420,000 | 13,131,000 | |||
| TOTAL ASSETS: | 14,834,000 | 14,535,000 | 14,338,000 | 14,010,000 | 13,721,000 | 13,549,000 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 370,000 | 334,000 | 356,000 | 323,000 | 353,000 | 292,000 | |||
| Accounts payable | 141,000 | 137,000 | 138,000 | 134,000 | 142,000 | 122,000 | |||
| Accrued liabilities | 229,000 | 197,000 | 218,000 | 189,000 | 211,000 | 170,000 | |||
| Deferred revenue | 54,000 | 49,000 | 40,000 | 36,000 | 44,000 | 44,000 | |||
| Debt | 636,000 | 601,000 | 614,000 | 70,000 | 75,000 | ||||
| Regulatory liability | 23,000 | 37,000 | 49,000 | 56,000 | 67,000 | 40,000 | |||
| Other liabilities | 25,000 | 28,000 | 24,000 | 14,000 | 20,000 | 15,000 | |||
| Total current liabilities: | 1,108,000 | 1,049,000 | 1,083,000 | 499,000 | 484,000 | 466,000 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 7,840,000 | 7,739,000 | 7,721,000 | 8,097,000 | 7,892,000 | 7,733,000 | |||
| Long-term debt, excluding current maturities | 7,840,000 | 7,739,000 | 7,721,000 | 8,097,000 | 7,892,000 | 7,733,000 | |||
| Liabilities, other than long-term debt | 2,529,000 | 2,503,000 | 2,422,000 | 2,369,000 | 2,351,000 | 2,376,000 | |||
| Deferred revenue | 11,000 | 15,000 | |||||||
| Deferred income tax liabilities | 1,662,000 | 1,620,000 | 1,585,000 | 1,550,000 | 1,521,000 | 1,503,000 | |||
| Liability, pension and other postretirement and postemployment benefits | 27,000 | 38,000 | 38,000 | 38,000 | 39,000 | 40,000 | |||
| Regulatory liability | 759,000 | 776,000 | 738,000 | 732,000 | 729,000 | 771,000 | |||
| Other liabilities | 81,000 | 69,000 | 61,000 | 49,000 | 51,000 | 47,000 | |||
| Total noncurrent liabilities: | 10,369,000 | 10,242,000 | 10,143,000 | 10,466,000 | 10,243,000 | 10,109,000 | |||
| Total liabilities: | 11,477,000 | 11,291,000 | 11,226,000 | 10,965,000 | 10,727,000 | 10,575,000 | |||
| Equity | |||||||||
| Equity, attributable to parent | 3,357,000 | 3,244,000 | 3,112,000 | 3,045,000 | 2,994,000 | 2,974,000 | |||
| Common stock | 892,000 | 892,000 | 892,000 | 892,000 | 892,000 | 892,000 | |||
| Accumulated other comprehensive income | 21,000 | 20,000 | 21,000 | 25,000 | 28,000 | 26,000 | |||
| Retained earnings | 2,444,000 | 2,332,000 | 2,199,000 | 2,128,000 | 2,074,000 | 2,056,000 | |||
| Total equity: | 3,357,000 | 3,244,000 | 3,112,000 | 3,045,000 | 2,994,000 | 2,974,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 14,834,000 | 14,535,000 | 14,338,000 | 14,010,000 | 13,721,000 | 13,549,000 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2026 Q1 | 12/31/2025 Q4 | 9/30/2025 Q3 | 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 448,000 | 454,000 | 444,000 | 440,000 | 404,000 | 408,000 | ||
| Gross profit: | 448,000 | 454,000 | 444,000 | 440,000 | 404,000 | 408,000 | ||
| Operating expenses | (199,000) | (205,000) | (197,000) | (198,000) | (181,000) | (175,000) | ||
| Operating income: | 249,000 | 249,000 | 247,000 | 242,000 | 223,000 | 233,000 | ||
| Nonoperating expense | (78,000) | (76,000) | (78,000) | (77,000) | (78,000) | (70,000) | ||
| Public utilities, allowance for funds used during construction, capitalized cost of equity | 12,000 | 12,000 | 10,000 | 10,000 | 10,000 | 12,000 | ||
| Interest and debt expense | (92,000) | (92,000) | (91,000) | (89,000) | (91,000) | (88,000) | ||
| Income from continuing operations before equity method investments, income taxes: | 79,000 | 81,000 | 78,000 | 76,000 | 54,000 | 75,000 | ||
| Other undisclosed income from continuing operations before income taxes | 92,000 | 92,000 | 91,000 | 89,000 | 91,000 | 88,000 | ||
| Income from continuing operations before income taxes: | 171,000 | 173,000 | 169,000 | 165,000 | 145,000 | 163,000 | ||
| Income tax expense | (39,000) | (40,000) | (42,000) | (38,000) | (34,000) | (39,000) | ||
| Net income available to common stockholders, diluted: | 132,000 | 133,000 | 127,000 | 127,000 | 111,000 | 124,000 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2026 Q1 | 12/31/2025 Q4 | 9/30/2025 Q3 | 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 132,000 | 133,000 | 127,000 | 127,000 | 111,000 | 124,000 | ||
| Other comprehensive income (loss) | 1,000 | (1,000) | (4,000) | (3,000) | 2,000 | |||
| Comprehensive income, net of tax, attributable to parent: | 133,000 | 132,000 | 123,000 | 124,000 | 113,000 | 124,000 | ||
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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