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 investments8181,811107803543966431
Cash and cash equivalents8181,811107803543966431
Restricted cash and investments28   7  
Receivables2,0851,6161,6241,6701,7021,5761,585
Prepaid expense631392537651128268
Derivative instruments and hedges, assets7213735296046112
Regulatory current assets364272321249369342466
Assets held-for-sale, not part of disposal group2,0602,050    29
Other current assets44714230274835
Other undisclosed current assets716719819738871917816
Total current assets:6,2506,8153,2013,5953,6304,0233,742
Noncurrent Assets
Operating lease, right-of-use asset201206214255262270273
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases145      
Nontrade receivables47474743   
Long-term investments and receivables1,3691,5271,5471,4621,4811,4381,608
Long-term investments541578593512536608779
Accounts and financing receivable, after allowance for credit loss828949954950945830829
Intangible assets, net (including goodwill)20133122163158228185
Intangible assets, net (excluding goodwill)20133122163158228185
Derivative instruments and hedges281681991730
Regulated entity, other noncurrent assets6,2426,5786,5736,3576,3736,0285,857
Assets held-in-trust242243245238266261259
Restricted cash and investments17      
Other noncurrent assets234282291288286262275
Other undisclosed noncurrent assets34,204      
Total noncurrent assets:42,7499,0329,0478,8258,8358,5048,487
Other undisclosed assets 33,57937,04437,78637,58537,04936,551
TOTAL ASSETS:48,99949,42649,29250,20650,05049,57648,780
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5031,4181,5071,3171,5821,7411,384
Accounts payable1,3151,1681,1469841,3321,3321,135
Taxes payable6786235160124238127
Interest and dividends payable121164126173126171122
Debt4,2195,3551,7952,0942,7472,3933,258
Derivative instruments and hedges, liabilities1756342621824
Regulatory liability388345301271294306194
Other liabilities476399523658637522585
Other undisclosed current liabilities469532332180241290338
Total current liabilities:7,0728,1054,4924,5465,5225,2605,783
Noncurrent Liabilities
Long-term debt and lease obligation191196204244252260263
Operating lease, liability191196204244252260263
Liabilities, other than long-term debt4,7904,5014,6834,6514,7374,8464,912
Asset retirement obligations1,5731,2601,2701,2241,2121,1981,185
Liability for uncertainty in income taxes10010990818811086
Liability, pension and other postretirement and postemployment benefits174 220223226159168
Accrued environmental loss contingencies245248237245286316323
Regulatory liability2,4972,6652,6282,6592,7072,7732,906
Other liabilities184202232217214289242
Derivative instruments and hedges, liabilities171762412
Other undisclosed noncurrent liabilities7,2898,1308,6859,1429,0598,5828,751
Total noncurrent liabilities:12,27012,82713,57214,03714,04813,68813,926
Other undisclosed liabilities15,21914,42515,35015,34614,49614,79213,580
Total liabilities:34,56135,35733,41433,92934,06633,74033,289
Stockholders' equity
Stockholders' equity attributable to parent14,43814,06915,87816,27715,98415,83615,491
Common stock5,0455,0395,0265,0135,0315,0165,003
Treasury stock, value(896)(898)(899)(902)(861)(863)(865)
Accumulated other comprehensive loss(350)(524)(522)(542)(504)(452)(455)
Retained earnings10,63910,45212,27312,70812,31812,13511,808
Total stockholders' equity:14,43814,06915,87816,27715,98415,83615,491
TOTAL LIABILITIES AND EQUITY:48,99949,42649,29250,20650,05049,57648,780

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
Revenues3,0561,9031,8742,8892,4022,3702,050
Cost of revenue667(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)1637847,7475111,455
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)741433633407
Nonoperating income157100196167263208301
Investment income, nonoperating70(17)8160166107201
Net periodic defined benefits expense (reversal of expense), excluding service cost component82828282636262
Other nonoperating income5353325343938
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)762549692557
Income from equity method investments4363443
Income (loss) from continuing operations before income taxes:631(2,246)(239)765553696560
Income tax expense (benefit)(186)68262(117)(122)(121)(109)
Net income (loss) available to common stockholders, diluted:445(1,564)(177)648431575451

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)648431575451
Other comprehensive income (loss)174(2)20(38)(52)326
Comprehensive income (loss), net of tax, attributable to parent:619(1,566)(157)610379578477

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.

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