NiSource Inc (NI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
801 EAST 86TH AVE MERRILLVILLE, IN 46410-6272 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4931 - Electric and Other Services Combined (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 157 | 2,245 | 41 | 84 | 117 | 139 | |||
| Cash and cash equivalent | 157 | 2,245 | 41 | 84 | 117 | 139 | |||
| Receivables | 964 | 862 | 1,042 | 826 | 791 | 857 | |||
| Inventory, net of allowances, customer advances and progress billings | 216 | 331 | 601 | 360 | 260 | 305 | |||
| Inventory | 216 | 331 | 601 | 360 | 260 | 305 | |||
| Prepaid expense | 139 | ||||||||
| Deferred costs | 91 | 86 | |||||||
| Regulatory asset | 320 | 214 | 233 | 206 | 136 | 226 | |||
| Other current assets | 24 | 119 | 210 | 105 | 86 | 150 | |||
| Other undisclosed current assets | 261 | 728 | 458 | 249 | 185 | 178 | |||
| Total current assets: | 2,080 | 4,499 | 2,584 | 1,921 | 1,659 | 1,854 | |||
| Noncurrent Assets | |||||||||
| Long-term investments and receivables | 179 | 247 | 224 | 260 | 252 | 230 | |||
| Long-term investments | 179 | 247 | 224 | 260 | 252 | 230 | |||
| Other noncurrent assets | 4,075 | 4,056 | 4,086 | 4,095 | 3,510 | 3,664 | |||
| Other undisclosed noncurrent assets | 25,454 | 22,275 | 19,843 | 17,882 | 16,620 | 16,912 | |||
| Total noncurrent assets: | 29,708 | 26,578 | 24,152 | 22,236 | 20,381 | 20,806 | |||
| TOTAL ASSETS: | 31,788 | 31,077 | 26,737 | 24,157 | 22,041 | 22,660 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,462 | 1,279 | 1,452 | 1,263 | 1,080 | 1,153 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 106 | 105 | 99 | ||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 277 | 244 | 232 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 183 | 142 | 156 | ||
| Accounts payable | 863 | 749 | 900 | 698 | 589 | 666 | |||
| Accrued liabilities | 599 | 530 | 552 | ||||||
| Deferred revenue | 269 | 294 | 325 | 238 | 243 | ||||
| Debt | 1,886 | 3,072 | 1,792 | 618 | 526 | 1,787 | |||
| Derivative instruments and hedges, liabilities | 78 | ||||||||
| Regulatory liability | 151 | 279 | 237 | 137 | 161 | 160 | |||
| Asset retirement obligation | 85 | 73 | |||||||
| Other liabilities | 170 | 217 | 361 | 382 | 114 | 144 | |||
| Other undisclosed current liabilities | 92 | 51 | 495 | 108 | 77 | 502 | |||
| Total current liabilities: | 4,113 | 5,265 | 4,661 | 2,746 | 2,279 | 3,746 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 223 | 182 | 145 | 158 | 172 | 240 | |||
| Finance lease, liability | 223 | 182 | 145 | 158 | 172 | 188 | |||
| Liabilities, other than long-term debt | 4,932 | 4,620 | 4,651 | 4,954 | 4,704 | 3,586 | |||
| Accounts payable and accrued liabilities | 85 | 82 | |||||||
| Accumulated deferred investment tax credit | 10 | ||||||||
| Asset retirement obligations | 699 | 481 | 478 | 470 | 477 | 417 | |||
| Deferred income tax liabilities | 2,282 | 2,080 | 1,855 | 1,659 | 1,471 | ||||
| Liability, pension and other postretirement and postemployment benefits | 208 | 250 | 246 | 293 | 336 | 373 | |||
| Regulatory liability | 1,431 | 1,511 | 1,776 | 1,843 | 1,904 | 2,352 | |||
| Other liabilities | 313 | 299 | 297 | 690 | 286 | 219 | |||
| Operating lease, liability | 52 | ||||||||
| Derivative instruments and hedges, liabilities | 145 | 134 | |||||||
| Other undisclosed noncurrent liabilities | (223) | (182) | (145) | (158) | (172) | 1,246 | |||
| Total noncurrent liabilities: | 4,932 | 4,620 | 4,651 | 4,954 | 4,704 | 5,071 | |||
| Other undisclosed liabilities | 12,075 | 9,696 | 9,524 | 9,183 | 9,220 | ||||
| Total liabilities: | 21,120 | 19,581 | 18,835 | 16,884 | 16,203 | 8,817 | |||
| Temporary equity, including noncontrolling interest | 1,360 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 8,684 | 8,270 | 7,575 | 6,947 | 5,752 | 5,987 | |||
| Common stock | 5 | 5 | 4 | 4 | 4 | 4 | |||
| Treasury stock, value | (100) | (100) | (100) | (100) | (100) | (100) | |||
| Additional paid in capital | 9,522 | 8,880 | 7,375 | 7,204 | 6,890 | 6,666 | |||
| Accumulated other comprehensive loss | (30) | (34) | (37) | (127) | (157) | (93) | |||
| Accumulated deficit | (712) | (967) | (1,214) | (1,581) | (1,765) | (1,371) | |||
| Other undisclosed equity, attributable to parent | 486 | 1,547 | 1,547 | 880 | 880 | ||||
| Equity, attributable to noncontrolling interest | 1,984 | 1,867 | 326 | 326 | 86 | ||||
| Total equity: | 10,668 | 10,136 | 7,902 | 7,273 | 5,838 | 5,987 | |||
| Other undisclosed liabilities and equity | 7,856 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 31,788 | 31,077 | 26,737 | 24,157 | 22,041 | 22,660 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,283 | 5,348 | 5,739 | 4,731 | 4,473 | 5,053 | ||
| Cost of revenue | (39) | (40) | (36) | (7) | (55) | (1,535) | ||
| Cost of product and service sold | ||||||||
| Provision for loan, lease, and other losses | (39) | (40) | (36) | (7) | (55) | |||
| Other undisclosed gross profit | 1,690 | |||||||
| Gross profit: | 5,244 | 5,308 | 5,703 | 4,724 | 4,419 | 5,209 | ||
| Operating expenses | (4,000) | (4,210) | (4,585) | (3,893) | (4,131) | (4,318) | ||
| Other undisclosed operating income | 211 | 197 | 148 | 176 | 263 | |||
| Operating income: | 1,456 | 1,296 | 1,266 | 1,007 | 551 | 891 | ||
| Nonoperating expense | (453) | (482) | (309) | (300) | (582) | (384) | ||
| Other nonoperating income (expense) | 65 | 8 | 52 | 41 | 32 | (5) | ||
| Interest and debt expense | (517) | (490) | (362) | (341) | (614) | (379) | ||
| Income (loss) from continuing operations before income taxes: | 486 | 324 | 595 | 366 | (646) | 128 | ||
| Income tax expense (benefit) | (158) | (140) | (165) | (118) | 17 | (124) | ||
| Income (loss) from continuing operations: | 328 | 185 | 430 | 248 | (628) | 4 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 248 | (628) | 4 | |
| Other undisclosed net income | 517 | 490 | 362 | 341 | 614 | 379 | ||
| Net income (loss): | 845 | 674 | 792 | 589 | (14) | 383 | ||
| Net income (loss) attributable to noncontrolling interest | (84) | 12 | (4) | (3) | ||||
| Other undisclosed net income attributable to parent | 40 | |||||||
| Net income (loss) attributable to parent: | 760 | 714 | 804 | 585 | (18) | 383 | ||
| Preferred stock dividends and other adjustments | (21) | (53) | (55) | (55) | (55) | (55) | ||
| Net income (loss) available to common stockholders, basic: | 740 | 662 | 749 | 530 | (73) | 328 | ||
| Dilutive securities, effect on basic earnings per share | 1 | 2 | 2 | |||||
| Other undisclosed net loss available to common stockholders, diluted | (2) | (1) | ||||||
| Net income (loss) available to common stockholders, diluted: | 738 | 663 | 751 | 531 | (73) | 328 | ||
Comprehensive Income ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 845 | 674 | 792 | 589 | (14) | 383 | ||
| Other comprehensive income (loss) | 3 | 4 | 90 | 30 | (64) | (55) | ||
| Comprehensive income (loss): | 848 | 678 | 882 | 619 | (78) | 328 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (84) | 12 | (4) | (3) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | 764 | 678 | 894 | 615 | (82) | 328 | ||
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.