Northwest Natural Holding Company (NWN) Financial Statements (2024 and earlier)

Company Profile

Business Address 250 SW TAYLOR STREET
PORTLAND, OR 97204
State of Incorp. OR
Fiscal Year End December 31
Industry (SIC) 4924 - Natural Gas Distribution (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 investments137,759140,82129,270108,55617,20924,325
Cash and cash equivalents137,759140,82129,270108,55617,20924,325
Receivables92,557216,939254,65865,53685,287142,415
Inventory, net of allowances, customer advances and progress billings67,50241,39287,09698,72565,98333,377
Inventory67,50241,39287,09698,72565,98333,377
Derivative instruments and hedges, assets12,4238,507194,41262,71060,65284,438
Regulatory asset111,819126,546117,491104,83092,80364,481
Other current assets35,79741,96861,28641,41436,06042,329
Total current assets:457,857576,173744,213481,771357,994391,365
Noncurrent Assets
Operating lease, right-of-use asset72,09672,69973,42973,14573,75474,416
Net investment in lease, before allowance for credit loss132,045133,159134,302135,480136,673137,837
Property, plant and equipment3,210,7633,155,9783,114,4003,041,1782,978,6812,904,756
Long-term investments and receivables104,33093,61195,70496,56996,02796,266
Long-term investments104,33093,61195,70496,56996,02796,266
Intangible assets, net (including goodwill)152,670149,836149,28374,73270,71470,570
Goodwill152,670149,836149,28374,73270,71470,570
Derivative instruments and hedges2,1181,4325,0458,0089,1216,955
Regulated entity, other noncurrent assets307,999311,419340,432301,660301,855297,546
Other noncurrent assets96,82797,78991,51888,16975,69974,923
Total noncurrent assets:4,078,8484,015,9234,004,1133,818,9413,742,5243,663,269
TOTAL ASSETS:4,536,7054,592,0964,748,3264,300,7124,100,5184,054,634
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities125,029155,613206,461176,606172,862155,701
Interest and dividends payable11,0867,42510,886
Taxes payable18,08011,32414,258
Accounts payable101,369111,152180,667118,274135,364130,557
Accrued liabilities23,66044,46125,79429,16618,749 
Debt281,714313,212348,897191,614223,051332,839
Derivative instruments and hedges, liabilities42,13544,37028,72819,59415,9183,855
Regulatory liability61,54657,523248,582111,55197,277111,791
Other liabilities58,77771,66264,55239,79647,62452,778
Other undisclosed current liabilities1,7321,7001,514(27,805)(17,434)1,303
Total current liabilities:570,933644,080898,734511,356539,298658,267
Noncurrent Liabilities
Long-term debt and lease obligation1,294,5781,294,5901,246,1671,365,4751,124,3561,123,829
Long-term debt, excluding current maturities1,294,5781,294,5901,246,1671,287,0061,045,5301,044,667
Liabilities, other than long-term debt1,430,9161,405,1191,427,9841,303,0251,298,0851,284,594
Deferred income tax liabilities380,058376,237366,022349,633355,470353,746
Liability, pension and other postretirement and postemployment benefits147,063147,890149,143160,196162,511164,530
Regulatory liability672,215669,328689,578663,547658,925652,977
Other liabilities128,417117,980123,438110,825111,704112,749
Operating lease, liability77,95178,30278,96578,46978,82679,162
Derivative instruments and hedges, liabilities25,21215,38220,83818,8249,475592
Total noncurrent liabilities:2,725,4942,699,7092,674,1512,668,5002,422,4412,408,423
Total liabilities:3,296,4273,343,7893,572,8853,179,8562,961,7393,066,690
Equity
Equity, attributable to parent1,240,2781,248,3071,175,4411,120,8561,138,779987,944
Common stock831,135824,304805,253786,094767,826602,382
Accumulated other comprehensive loss(5,255)(6,594)(6,285)(10,808)(11,010)(11,207)
Retained earnings414,398430,597376,473345,570381,963396,769
Total equity:1,240,2781,248,3071,175,4411,120,8561,138,779987,944
TOTAL LIABILITIES AND EQUITY:4,536,7054,592,0964,748,3264,300,7124,100,5184,054,634

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
Revenues237,859462,423375,253116,839194,960350,301
Gross profit:237,859462,423375,253116,839194,960350,301
Operating expenses(224,016)(348,915)(294,026)(131,766)(181,421)(262,663)
Operating income (loss):13,843113,50881,227(14,927)13,53987,638
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
6,6181,6062951,636226(954)
Income (loss) from continuing operations before equity method investments, income taxes:20,461115,11481,522(13,291)13,76586,684
Other undisclosed loss from continuing operations before income taxes   (53,247)  (11,522)
Income (loss) from continuing operations before income taxes:20,461115,11428,275(13,291)13,76575,162
Income tax expense (benefit)(243)(25,147)(16,495)6,758(470)(18,923)
Income (loss) from continuing operations:20,21889,96711,780(6,533)13,29556,239
Income (loss) before gain (loss) on sale of properties:(6,533)13,29556,239
Net income (loss):20,21889,96711,780(6,533)13,29556,239
Other undisclosed net income (loss) attributable to parent(18,974)(18,296)36,156(13,054)(11,580) 
Net income (loss) available to common stockholders, diluted:1,24471,67147,936(19,587)1,71556,239

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 (loss):20,21889,96711,780(6,533)13,29556,239
Other comprehensive income (loss)(37)(37)1,028(348)(339)(339)
Comprehensive income (loss):20,18189,93012,808(6,881)12,95655,900
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(17,598)(18,568)39,651(12,504)(11,044)536
Comprehensive income (loss), net of tax, attributable to parent:2,58371,36252,459(19,385)1,91256,436

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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