NorthWestern Corporation (NWE) Financial Statements (2024 and earlier)

Company Profile

Business Address 3010 W 69TH STREET
SIOUX FALLS, SD 57108
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 thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,75710,7308,4899,0698,11713,645
Cash and cash equivalents7,75710,7308,4899,0698,11713,645
Restricted cash and investments   13,974   
Receivables147,173218,744244,952149,149146,041173,735
Inventory, net of allowances, customer advances and progress billings107,57792,545107,359129,25499,02070,609
Inventory107,57792,545107,359129,25499,02070,609
Regulatory asset52,86986,618136,009136,329106,506100,580
Other current assets25,56723,32728,04129,34625,68223,027
Other undisclosed current assets16,26316,372 19,65617,96317,253
Total current assets:357,206448,336538,824472,803403,329398,849
Noncurrent Assets
Property, plant and equipment5,802,5265,702,6705,657,4805,533,6015,411,6905,317,518
Intangible assets, net (including goodwill)357,586357,586357,586357,586357,586357,586
Goodwill357,586357,586357,586357,586357,586357,586
Regulated entity, other noncurrent assets726,129724,441716,570701,771697,236698,438
Other noncurrent assets50,79547,96147,32348,45250,45649,644
Total noncurrent assets:6,937,0366,832,6586,778,9596,641,4106,516,9686,423,186
TOTAL ASSETS:7,294,2427,280,9947,317,7837,114,2136,920,2976,822,035
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities341,839413,377452,077449,153364,432379,321
Accounts payable94,552104,757201,498148,451121,19799,926
Accrued liabilities247,287308,620250,579300,702243,235279,395
Debt103,063247,537147,623147,5072,9822,928
Regulatory liability28,44419,76721,14521,78118,27527,176
Total current liabilities:473,346680,681620,845618,441385,689409,425
Noncurrent Liabilities
Long-term debt and lease obligation2,565,3842,348,5842,483,1562,418,6042,530,4022,520,018
Long-term debt, excluding current maturities2,558,1922,340,5882,474,3572,409,0022,519,9962,508,867
Finance lease, liability7,1927,9968,7999,60210,40611,151
Liabilities, other than long-term debt1,568,7881,558,7291,548,5991,539,8391,539,6861,525,611
Deferred income tax liabilities546,066541,321538,983518,076518,563509,039
Regulatory liability666,060659,189654,213656,467648,941642,840
Other liabilities356,662358,219355,403365,296372,182373,732
Total noncurrent liabilities:4,134,1723,907,3134,031,7553,958,4434,070,0884,045,629
Total liabilities:4,607,5184,587,9944,652,6004,576,8844,455,7774,455,054
Equity
Equity, attributable to parent2,686,7242,693,0002,665,1832,537,3292,464,5202,366,981
Common stock635633633613597577
Treasury stock, value(98,302)(98,471)(98,392)(98,578)(98,765)(98,986)
Additional paid in capital2,015,3672,002,8391,999,3761,900,9921,820,5311,719,070
Accumulated other comprehensive loss(7,959)(7,904)(7,848)(7,450)(7,401)(7,357)
Retained earnings776,983795,903771,414741,752749,558753,677
Total equity:2,686,7242,693,0002,665,1832,537,3292,464,5202,366,981
TOTAL LIABILITIES AND EQUITY:7,294,2427,280,9947,317,7837,114,2136,920,2976,822,035

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues290,502454,542425,283335,068323,004394,482
Cost of revenue(214,927)(323,770)(313,478)(258,628)(243,443)(283,623)
Gross profit:75,575130,772111,80576,44079,561110,859
Operating expenses(29,955)(34,730)(28,577)(28,146)(27,220)(31,643)
Operating income:45,62096,04283,22848,29452,34179,216
Nonoperating income
(Other Nonoperating income)
4,0624,7377,6434,1572,9134,721
Interest and debt expense(28,411)(28,008)(27,029)(25,332)(24,033)(23,716)
Income from continuing operations before income taxes:21,27172,77163,84227,11931,22160,221
Income tax expense (benefit)(2,147)(10,241)2,902249(1,435)(1,111)
Income from continuing operations:19,12462,53066,74427,36829,78659,110
Income before gain (loss) on sale of properties:27,36829,78659,110
Net income available to common stockholders, diluted:19,12462,53066,74427,36829,78659,110

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:19,12462,53066,74427,36829,78659,110
Other comprehensive loss(55)(56)(398)(49)(44)(47)
Comprehensive income, net of tax, attributable to parent:19,06962,47466,34627,31929,74259,063

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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