MDU Resources Group, Inc. (MDU) Financial Statements (2024 and earlier)

Company Profile

Business Address 1200 WEST CENTURY AVENUE
BISMARCK, ND 58503
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments815460665435
Cash and cash equivalents815460665435
Short-term investments      
Receivables1,306947874837723727
Inventory, net of allowances, customer advances and progress billings388336291278287227
Inventory388336291278287227
Regulatory asset 11969   
Disposal group, including discontinued operation    000
Other current assets73964411612081
Other undisclosed current assets 165     
Total current assets:2,0121,5511,3371,2981,1841,070
Noncurrent Assets
Operating lease, right-of-use asset119124120115
Property, plant and equipment6,0925,7565,167   
Long-term investments and receivables162175165   
Long-term investments162175165   
Intangible assets, net (including goodwill)781788740697676636
Goodwill764765715681665632
Intangible assets, net (excluding goodwill)18232515114
Regulated entity, other noncurrent assets330358379   
Disposal group, including discontinued operation, noncurrent assets    124
Other noncurrent assets166158144506409408
Total noncurrent assets:7,6497,3596,7161,3201,0871,048
Other undisclosed assets    5,0664,7174,217
TOTAL ASSETS:9,6618,9108,0537,6836,9886,335
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities862685648593509466
Interest and dividends payable4443424039
Taxes payable8089494243
Employee-related liabilities8291996973
Accounts payable657479426403359312
Accrued liabilities205     
Deferred revenue    143
Debt 1485248252148
Regulatory liability 1631   
Disposal group, including discontinued operation    4 12
Other liabilities232207199222221186
Other undisclosed current liabilities3853534(143)4 
Total current liabilities:1,4801,092964866986813
Noncurrent Liabilities
Long-term debt and lease obligation2,7632,6832,29884  
Long-term debt, excluding current maturities2,7632,5942,212   
Liabilities, other than long-term debt1,8311,7521,7121,6591,1481,179
Asset retirement obligations406458440   
Deferred income tax liabilities631592516507
Regulatory liability448429428   
Other liabilities2592733281,1521,1481,179
Operating lease, liability86898784
Other undisclosed noncurrent liabilities     430347
Total noncurrent liabilities:4,5944,4354,0111,7431,5781,526
Other undisclosed liabilities    2,2271,8571,566
Total liabilities:6,0745,5284,9744,8364,4213,906
Equity
Equity, attributable to parent3,5873,3833,0792,8472,5672,429
Common stock204204201201197196
Treasury stock, value (4)(4)(4)(4)(4)(4)
Additional paid in capital1,4661,4611,3711,3551,2491,233
Accumulated other comprehensive loss(31)(41)(48)(42)(38)(37)
Retained earnings1,9511,7621,5581,3371,1641,041
Total equity:3,5873,3833,0792,8472,5672,429
TOTAL LIABILITIES AND EQUITY:9,6618,9108,0537,6836,9886,335

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues6,9745,6815,5335,3374,5324,443
Cost of revenue
(Cost of Goods and Services Sold)
      (79)
Gross profit:6,9745,6815,5335,3374,5324,365
Operating expenses(6,400)(5,147)(4,988)(4,856)(4,130)(4,015)
Other undisclosed operating income      79
Operating income:574534545481402429
Nonoperating income (expense)7332716(0)4
Public utilities, allowance for funds used during construction, capitalized cost of equity  7    
Other nonoperating income (expense)7262716(0)4
Interest and debt expense(119)(94)(97)(99)(85)(83)
Income from continuing operations before equity method investments, income taxes:462474475398317350
Other undisclosed income (loss) from continuing operations before income taxes (7)    
Income from continuing operations before income taxes:462467475398317350
Income tax expense(95)(89)(85)(63)(47)(65)
Income from continuing operations:367378391335269285
Income before gain (loss) on sale of properties:378391335272281
Income (loss) from discontinued operations     3(4)
Net income:367378391335272281
Other undisclosed net income (loss) attributable to parent00(0)0  
Net income attributable to parent:367378390335272281
Preferred stock dividends and other adjustments      (1)
Net income available to common stockholders, diluted:367378390335272280

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:367378391335272281
Other comprehensive income (loss)107(6)(4)7(2)
Comprehensive income:378385385331279280
Other undisclosed comprehensive income (loss), net of tax, attributable to parent00(0)0  
Comprehensive income, net of tax, attributable to parent:378385384332279280

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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