Public Service Enterprise Group Incorporated (PEG) financial statements (2022 and earlier)
Company profile
| Business Address |
CORPORATE ACCOUNTING SERVICES NEWARK, NJ 07102-4194 |
| State of Incorp. | NJ |
| Fiscal Year End | December 31 |
| SIC | 4931 - Electric and Other Services Combined (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 818 | 1,811 | 107 | 803 | 543 | 966 | 431 | ||
| Cash and cash equivalents | 818 | 1,811 | 107 | 803 | 543 | 966 | 431 | ||
| Restricted cash and investments | 28 | 7 | |||||||
| Receivables | 2,085 | 1,616 | 1,624 | 1,670 | 1,702 | 1,576 | 1,585 | ||
| Prepaid expense | 63 | 139 | 253 | 76 | 51 | 128 | 268 | ||
| Derivative instruments and hedges, assets | 72 | 137 | 35 | 29 | 60 | 46 | 112 | ||
| Regulatory current assets | 364 | 272 | 321 | 249 | 369 | 342 | 466 | ||
| Assets held-for-sale, not part of disposal group | 2,060 | 2,050 | 29 | ||||||
| Other current assets | 44 | 71 | 42 | 30 | 27 | 48 | 35 | ||
| Other undisclosed current assets | 716 | 719 | 819 | 738 | 871 | 917 | 816 | ||
| Total current assets: | 6,250 | 6,815 | 3,201 | 3,595 | 3,630 | 4,023 | 3,742 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 201 | 206 | 214 | 255 | 262 | 270 | 273 | ||
| Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases | 145 | ||||||||
| Nontrade receivables | 47 | 47 | 47 | 43 | |||||
| Long-term investments and receivables | 1,369 | 1,527 | 1,547 | 1,462 | 1,481 | 1,438 | 1,608 | ||
| Long-term investments | 541 | 578 | 593 | 512 | 536 | 608 | 779 | ||
| Accounts and financing receivable, after allowance for credit loss | 828 | 949 | 954 | 950 | 945 | 830 | 829 | ||
| Intangible assets, net (including goodwill) | 20 | 133 | 122 | 163 | 158 | 228 | 185 | ||
| Intangible assets, net (excluding goodwill) | 20 | 133 | 122 | 163 | 158 | 228 | 185 | ||
| Derivative instruments and hedges | 28 | 16 | 8 | 19 | 9 | 17 | 30 | ||
| Regulated entity, other noncurrent assets | 6,242 | 6,578 | 6,573 | 6,357 | 6,373 | 6,028 | 5,857 | ||
| Assets held-in-trust | 242 | 243 | 245 | 238 | 266 | 261 | 259 | ||
| Restricted cash and investments | 17 | ||||||||
| Other noncurrent assets | 234 | 282 | 291 | 288 | 286 | 262 | 275 | ||
| Other undisclosed noncurrent assets | 34,204 | ||||||||
| Total noncurrent assets: | 42,749 | 9,032 | 9,047 | 8,825 | 8,835 | 8,504 | 8,487 | ||
| Other undisclosed assets | 33,579 | 37,044 | 37,786 | 37,585 | 37,049 | 36,551 | |||
| TOTAL ASSETS: | 48,999 | 49,426 | 49,292 | 50,206 | 50,050 | 49,576 | 48,780 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,503 | 1,418 | 1,507 | 1,317 | 1,582 | 1,741 | 1,384 | ||
| Accounts payable | 1,315 | 1,168 | 1,146 | 984 | 1,332 | 1,332 | 1,135 | ||
| Taxes payable | 67 | 86 | 235 | 160 | 124 | 238 | 127 | ||
| Interest and dividends payable | 121 | 164 | 126 | 173 | 126 | 171 | 122 | ||
| Debt | 4,219 | 5,355 | 1,795 | 2,094 | 2,747 | 2,393 | 3,258 | ||
| Derivative instruments and hedges, liabilities | 17 | 56 | 34 | 26 | 21 | 8 | 24 | ||
| Regulatory liability | 388 | 345 | 301 | 271 | 294 | 306 | 194 | ||
| Other liabilities | 476 | 399 | 523 | 658 | 637 | 522 | 585 | ||
| Other undisclosed current liabilities | 469 | 532 | 332 | 180 | 241 | 290 | 338 | ||
| Total current liabilities: | 7,072 | 8,105 | 4,492 | 4,546 | 5,522 | 5,260 | 5,783 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 191 | 196 | 204 | 244 | 252 | 260 | 263 | ||
| Operating lease, liability | 191 | 196 | 204 | 244 | 252 | 260 | 263 | ||
| Liabilities, other than long-term debt | 4,790 | 4,501 | 4,683 | 4,651 | 4,737 | 4,846 | 4,912 | ||
| Asset retirement obligations | 1,573 | 1,260 | 1,270 | 1,224 | 1,212 | 1,198 | 1,185 | ||
| Liability for uncertainty in income taxes | 100 | 109 | 90 | 81 | 88 | 110 | 86 | ||
| Liability, pension and other postretirement and postemployment benefits | 174 | 220 | 223 | 226 | 159 | 168 | |||
| Accrued environmental loss contingencies | 245 | 248 | 237 | 245 | 286 | 316 | 323 | ||
| Regulatory liability | 2,497 | 2,665 | 2,628 | 2,659 | 2,707 | 2,773 | 2,906 | ||
| Other liabilities | 184 | 202 | 232 | 217 | 214 | 289 | 242 | ||
| Derivative instruments and hedges, liabilities | 17 | 17 | 6 | 2 | 4 | 1 | 2 | ||
| Other undisclosed noncurrent liabilities | 7,289 | 8,130 | 8,685 | 9,142 | 9,059 | 8,582 | 8,751 | ||
| Total noncurrent liabilities: | 12,270 | 12,827 | 13,572 | 14,037 | 14,048 | 13,688 | 13,926 | ||
| Other undisclosed liabilities | 15,219 | 14,425 | 15,350 | 15,346 | 14,496 | 14,792 | 13,580 | ||
| Total liabilities: | 34,561 | 35,357 | 33,414 | 33,929 | 34,066 | 33,740 | 33,289 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 14,438 | 14,069 | 15,878 | 16,277 | 15,984 | 15,836 | 15,491 | ||
| Common stock | 5,045 | 5,039 | 5,026 | 5,013 | 5,031 | 5,016 | 5,003 | ||
| Treasury stock, value | (896) | (898) | (899) | (902) | (861) | (863) | (865) | ||
| Accumulated other comprehensive loss | (350) | (524) | (522) | (542) | (504) | (452) | (455) | ||
| Retained earnings | 10,639 | 10,452 | 12,273 | 12,708 | 12,318 | 12,135 | 11,808 | ||
| Total stockholders' equity: | 14,438 | 14,069 | 15,878 | 16,277 | 15,984 | 15,836 | 15,491 | ||
| TOTAL LIABILITIES AND EQUITY: | 48,999 | 49,426 | 49,292 | 50,206 | 50,050 | 49,576 | 48,780 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,056 | 1,903 | 1,874 | 2,889 | 2,402 | 2,370 | 2,050 | |
| Cost of revenue | 667 | (1,950) | (1,711) | (2,105) | 5,345 | (1,859) | (595) | |
| Cost of goods and services sold | (1,143) | (606) | (1,029) | (775) | (595) | |||
| Gross profit: | 3,723 | (47) | 163 | 784 | 7,747 | 511 | 1,455 | |
| Operating expenses | (2,821) | (2,158) | (457) | (43) | (7,340) | 122 | ||
| Other undisclosed operating income (loss) | 26 | (1,048) | ||||||
| Operating income (loss): | 902 | (2,205) | (294) | 741 | 433 | 633 | 407 | |
| Nonoperating income | 157 | 100 | 196 | 167 | 263 | 208 | 301 | |
| Investment income, nonoperating | 70 | (17) | 81 | 60 | 166 | 107 | 201 | |
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 82 | 82 | 82 | 82 | 63 | 62 | 62 | |
| Other nonoperating income | 5 | 35 | 33 | 25 | 34 | 39 | 38 | |
| Interest and debt expense | (432) | (144) | (147) | (146) | (147) | (149) | (151) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 627 | (2,249) | (245) | 762 | 549 | 692 | 557 | |
| Income from equity method investments | 4 | 3 | 6 | 3 | 4 | 4 | 3 | |
| Income (loss) from continuing operations before income taxes: | 631 | (2,246) | (239) | 765 | 553 | 696 | 560 | |
| Income tax expense (benefit) | (186) | 682 | 62 | (117) | (122) | (121) | (109) | |
| Net income (loss) available to common stockholders, diluted: | 445 | (1,564) | (177) | 648 | 431 | 575 | 451 | |
Comprehensive Income ($ in millions)
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 445 | (1,564) | (177) | 648 | 431 | 575 | 451 | |
| Other comprehensive income (loss) | 174 | (2) | 20 | (38) | (52) | 3 | 26 | |
| Comprehensive income (loss), net of tax, attributable to parent: | 619 | (1,566) | (157) | 610 | 379 | 578 | 477 | |
Statements sources
The financial statements are based on the company's filings with the 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.