Piedmont Natural Gas Co Inc (PNY) Financial Statements (2024 and earlier)

Company Profile

Business Address 4720 PIEDMONT ROW DR
CHARLOTTE, NC 28210
State of Incorp. NC
Fiscal Year End October 31
Industry (SIC) 4924 - Natural Gas Distribution (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

10/31/2016
10/31/2015
10/31/2014
10/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14108
Cash and cash equivalents14108
Short-term investments 000
Receivables88122104
Inventory, net of allowances, customer advances and progress billings68842
Inventory68842
Prepaid expense293935
Derivative instruments and hedges, assets 1102
Regulatory asset112977
Other current assets000
Income taxes receivable31
Other undisclosed current assets445388
Total current assets:256348348
Noncurrent Assets
Nontrade receivables 26 
Property, plant and equipment000
Long-term investments and receivables212174131
Long-term investments212174131
Intangible assets, net (including goodwill)494949
Goodwill494949
Regulated entity, other noncurrent assets197185169
Other noncurrent assets558
Defined benefit plan, assets for plan benefits 183428
Other undisclosed noncurrent assets (0)(0)(0)
Total noncurrent assets:506447386
Other undisclosed assets 4,3483,9903,635
TOTAL ASSETS:5,1114,7844,369
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities209168 
Interest and dividends payable2928 
Taxes payable28  
Accounts payable152140 
Debt380355500
Deferred compensation liability 0  
Derivative instruments and hedges, liabilities   
Regulatory liability 1346 
Other liabilities1297
Due to related parties2  
Customer advances and deposits 2120
Other undisclosed current liabilities (3)24210
Total current liabilities:636622717
Noncurrent Liabilities
Long-term debt and lease obligation1,5241,4241,175
Long-term debt, excluding current maturities1,5241,4241,175
Liabilities, other than long-term debt, including:1,5301,9361,782
Deferred revenue and credits111
Deferred compensation liability, classified5  
Asset retirement obligations20521520
Deferred tax liabilities, net 862809681
Postemployment benefits liability12
Liability, pension and other postretirement and postemployment benefits1515
Regulatory liability590559542
Other liabilities383025
Other undisclosed liabilities, other than long-term debt   
Other undisclosed noncurrent liabilities (1,529)(1,931)(1,668)
Total noncurrent liabilities:1,5251,4291,289
Other undisclosed liabilities 1,5241,4241,175
Total liabilities:3,6843,4763,180
Equity
Equity, attributable to parent1,4261,3091,189
Common stock721637562
Accumulated other comprehensive loss(1)(0)(0)
Retained earnings706672627
Total equity:1,4261,3091,189
TOTAL LIABILITIES AND EQUITY:5,1114,7844,369

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

10/31/2016
10/31/2015
10/31/2014
10/31/2013
Revenues1,3721,4701,278
Revenue, net   
Cost of revenue   
Other undisclosed gross profit (644)(780)(657)
Gross profit:727690621
Operating expenses(295)(12)(6)
Other undisclosed operating loss (248)(499)(471)
Operating income:185180144
Nonoperating income211915
Investment income, nonoperating(4)6 
Public utilities, allowance for funds used during construction, additions 111631
Other nonoperating expense(1)(2)(2)
Interest and debt expense(69)(55)(25)
Income from continuing operations before equity method investments, income taxes:137144134
Income from equity method investments 343326
Other undisclosed income from continuing operations before income taxes 566260
Income from continuing operations before income taxes:227239220
Income tax expense(90)(95)(86)
Income from continuing operations:137144134
Income before gain (loss) on sale of properties:137144134
Net income available to common stockholders, diluted:137144134

Comprehensive Income ($ in millions)

10/31/2016
10/31/2015
10/31/2014
10/31/2013
Net income:137144134
Other comprehensive income (loss) (1)00
Comprehensive income:136144134
Other undisclosed comprehensive income, net of tax, attributable to parent   
Comprehensive income, net of tax, attributable to parent:136144134

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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