Public Service Enterprise Group Incorporated (PEG) Financial Statements (2024 and earlier)

Company Profile

Business Address	CORPORATE ACCOUNTING SERVICES NEWARK, NJ 07102-4194
State of Incorp.	NJ
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)
Annual | Quarterly

	12/31/2023	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 investments		465	818	543	147	177	313
Cash and cash equivalents		465	818	543	147	177	313
Restricted cash and investments		27	28	7	11	8
Receivables		2,345	2,085	1,702	1,573	1,917	1,771
Prepaid expense		93	63	51	79	94	118
Derivative instruments and hedges, assets		18	72	60	113	11	29
Regulatory asset		369	364	369	351	389	211
Asset, held-for-sale, not part of disposal group		20	2,060		30
Other current assets		33	44	27	41	17	4
Other undisclosed current assets		933	716	871	886	894	866
Total current assets:		4,303	6,250	3,630	3,231	3,507	3,312
Noncurrent Assets
Operating lease, right-of-use asset		176	201	262	282	✕	✕
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases		136	145			✕	✕
Nontrade receivables		5	47		150
Long-term investments and receivables		1,175	1,369	1,481	1,625	1,520	1,618
Long-term investments		624	541	536	812	896	932
Accounts and financing receivable, after allowance for credit loss		551	828	945	813	624	686
Intangible assets, net (including goodwill)		14	20	158	149	159	130
Goodwill						16	16
Intangible assets, net (excluding goodwill)		14	20	158	149	143	114
Derivative instruments and hedges		15	28	9	24	1	7
Regulated entity, other noncurrent assets		6,634	6,242	6,373	5,893	5,277	5,355
Asset, held-in-trust		183	242	266	246	224
Restricted cash and investments		19	17
Other noncurrent assets		271	234	286	286	275	266
Other undisclosed noncurrent assets		35,787	34,204				231
Total noncurrent assets:		44,415	42,749	8,835	8,655	7,456	7,607
Other undisclosed assets				37,585	35,844	34,363	31,797
TOTAL ASSETS:		48,718	48,999	50,050	47,730	45,326	42,716
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities		1,417	1,503	1,582	1,515	1,587	1,845
Interest and dividends payable	✕	✕	121	126	116	110	103
Taxes payable	✕	✕	67	124	41	26	48
Accounts payable		1,271	1,315	1,332	1,358	1,451	1,694
Accrued liabilities		146
Debt		3,775	4,219	2,747	2,480	2,310	1,542
Derivative instruments and hedges, liabilities		124	17	21	36	11	16
Regulatory liability		384	388	294	234	311	47
Other liabilities		545	476	637	520	437	461
Other undisclosed current liabilities		435	469	241	262	279	257
Total current liabilities:		6,680	7,072	5,522	5,047	4,935	4,168
Noncurrent Liabilities
Long-term debt and lease obligation:			191	252	273
Liabilities, other than long-term debt		5,552	4,790	4,737	5,010	5,137	4,859
Asset retirement obligations		1,499	1,573	1,212	1,087	1,063	1,024
Liability for uncertainty in income taxes		66	100	88	182	181	175
Liability, pension and other postretirement and postemployment benefits		1,115	174	226	171	109	129
Accrued environmental loss contingencies		231	245	286	349	327	357
Regulatory liability		2,240	2,497	2,707	3,002	3,221	2,948
Other liabilities		199	184	214	218	232	221
Operating lease, liability		169	191	252	273	✕	✕
Derivative instruments and hedges, liabilities		33	17	4	1	4	5
Other undisclosed noncurrent liabilities		6,262	7,289	9,059	8,568	7,709	7,774
Total noncurrent liabilities:		11,814	12,270	14,048	13,851	12,846	12,633
Other undisclosed liabilities		16,495	15,219	14,496	13,743	13,168	12,068
Total liabilities:		34,989	34,561	34,066	32,641	30,949	28,869
Equity
Equity, attributable to parent		13,729	14,438	15,984	15,089	14,377	13,084
Common stock		5,065	5,045	5,031	5,003	4,980	4,198
Treasury stock, value		(1,377)	(896)	(861)	(831)	(808)	(763)
Accumulated other comprehensive loss		(550)	(350)	(504)	(489)	(377)	(229)
Retained earnings		10,591	10,639	12,318	11,406	10,582	9,878
Other undisclosed equity							763
Total equity:		13,729	14,438	15,984	15,089	14,377	13,847
TOTAL LIABILITIES AND EQUITY:		48,718	48,999	50,050	47,730	45,326	42,716

Income Statement (P&L) ($ in millions)
Annual | Quarterly

	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017
Revenues		9,800	9,722	9,603	10,076	9,696	9,084
Cost of revenue		(8,162)	(5,026)	(26)	(32)	(5)	(48)
Cost of goods and services sold		(5,118)	(4,715)
Provision for loan, lease, and other losses			(9)	(26)	(32)	(5)	✕
Financial services costs	✕	✕	✕	✕	✕	✕	(48)
Gross profit:		1,638	4,696	9,577	10,044	9,691	9,036
Operating expenses		(257)	(5,552)	(7,333)	(8,133)	(7,398)	(7,655)
Other undisclosed operating income				26	32	5	48
Operating income (loss):		1,381	(856)	2,270	1,943	2,298	1,429
Nonoperating income (expense)		235	620	617	562	(58)	216
Investment income, nonoperating		(265)	194	253	260	(143)	(12)
Net periodic defined benefits expense (reversal of expense), excluding service cost component		376	328	249	177		✕
Other nonoperating income		124	98	115	125	85	228
Interest and debt expense		(628)	(869)	(600)	(569)	(476)	(391)
Income (loss) from continuing operations before equity method investments, income taxes:		988	(1,105)	2,287	1,936	1,764	1,254
Income from equity method investments		14	16	14	14	15	14
Other undisclosed income from continuing operations before income taxes						76
Income (loss) from continuing operations before income taxes:		1,002	(1,089)	2,301	1,950	1,855	1,268
Income tax expense (benefit)		29	441	(396)	(257)	(417)	306
Income (loss) from continuing operations:		1,031	(648)	1,905	1,693	1,438	1,574
Income (loss) before gain (loss) on sale of properties:	✕	✕	(648)	1,905	1,693	1,438	1,574
Net income (loss) available to common stockholders, diluted:		1,031	(648)	1,905	1,693	1,438	1,574

Comprehensive Income ($ in millions)
Annual | Quarterly

	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017
Net income (loss):	1,031	(648)	1,905	1,693	1,438	1,574
Other comprehensive income (loss)	(200)	154	(15)	(31)	28	34
Comprehensive income (loss), net of tax, attributable to parent:	831	(494)	1,890	1,662	1,466	1,608

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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Public Service Enterprise Group Incorporated (PEG) Financial Statements (2024 and earlier)

Company Profile

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

Income Statement (P&L) ($ in millions)
Annual | Quarterly

Comprehensive Income ($ in millions)
Annual | Quarterly

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Public Service Enterprise Group Incorporated (PEG) Financial Statements (2024 and earlier)

Company Profile

Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly

Income Statement (P&L) ($ in millions)Annual | Quarterly

Comprehensive Income ($ in millions)Annual | Quarterly

Statements Sources

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and Analysis Software

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

Income Statement (P&L) ($ in millions)
Annual | Quarterly

Comprehensive Income ($ in millions)
Annual | Quarterly