Piedmont Natural Gas Co Inc (PNY) Financial Statements (2025 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 investments | 14 | 10 | 8 | |||
| Cash and cash equivalent | 14 | 10 | 8 | |||
| Short-term investments | 0 | 0 | 0 | |||
| Receivables | 88 | 122 | 104 | |||
| Inventory, net of allowances, customer advances and progress billings | 68 | 84 | 2 | |||
| Inventory | 68 | 84 | 2 | |||
| Prepaid expense | 29 | 39 | 35 | |||
| Derivative instruments and hedges, assets | 1 | 10 | 2 | |||
| Regulatory asset | 11 | 29 | 77 | |||
| Other current assets | 0 | 0 | 0 | |||
| Income taxes receivable | ✕ | ✕ | ✕ | 31 | ||
| Other undisclosed current assets | 44 | 53 | 88 | |||
| Total current assets: | 256 | 348 | 348 | |||
| Noncurrent Assets | ||||||
| Nontrade receivables | 26 | ✕ | ||||
| Property, plant and equipment | 0 | 0 | 0 | |||
| Long-term investments and receivables | 212 | 174 | 131 | |||
| Long-term investments | 212 | 174 | 131 | |||
| Intangible assets, net (including goodwill) | 49 | 49 | 49 | |||
| Goodwill | 49 | 49 | 49 | |||
| Regulated entity, other noncurrent assets | 197 | 185 | 169 | |||
| Other noncurrent assets | 5 | 5 | 8 | |||
| Defined benefit plan, assets for plan benefits | 18 | 34 | 28 | |||
| Other undisclosed noncurrent assets | (0) | (0) | (0) | |||
| Total noncurrent assets: | 506 | 447 | 386 | |||
| Other undisclosed assets | 4,348 | 3,990 | 3,635 | |||
| TOTAL ASSETS: | 5,111 | 4,784 | 4,369 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 209 | 168 | ||||
| Interest and dividends payable | 29 | 28 | ||||
| Taxes payable | 28 | |||||
| Accounts payable | 152 | 140 | ||||
| Debt | 380 | 355 | 500 | |||
| Deferred compensation liability | 0 | |||||
| Derivative instruments and hedges, liabilities | ||||||
| Regulatory liability | 13 | 46 | ||||
| Other liabilities | 12 | 9 | 7 | |||
| Due to related parties | 2 | |||||
| Customer advances and deposits | 21 | 20 | ✕ | |||
| Other undisclosed current liabilities | (3) | 24 | 210 | |||
| Total current liabilities: | 636 | 622 | 717 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 1,524 | 1,424 | 1,175 | |||
| Long-term debt, excluding current maturities | 1,524 | 1,424 | 1,175 | |||
| Liabilities, other than long-term debt, including: | 1,530 | 1,936 | 1,782 | |||
| Deferred revenue and credits | 1 | 1 | 1 | |||
| Deferred compensation liability, classified | 5 | |||||
| Asset retirement obligations | 20 | 521 | 520 | |||
| Deferred tax liabilities, net | 862 | 809 | 681 | |||
| Postemployment benefits liability | ✕ | ✕ | ✕ | 12 | ||
| Liability, pension and other postretirement and postemployment benefits | 15 | 15 | ✕ | |||
| Regulatory liability | 590 | 559 | 542 | |||
| Other liabilities | 38 | 30 | 25 | |||
| Other undisclosed liabilities, other than long-term debt | ||||||
| Other undisclosed noncurrent liabilities | (1,529) | (1,931) | (1,668) | |||
| Total noncurrent liabilities: | 1,525 | 1,429 | 1,289 | |||
| Other undisclosed liabilities | 1,524 | 1,424 | 1,175 | |||
| Total liabilities: | 3,684 | 3,476 | 3,180 | |||
| Equity | ||||||
| Equity, attributable to parent | 1,426 | 1,309 | 1,189 | |||
| Common stock | 721 | 637 | 562 | |||
| Accumulated other comprehensive loss | (1) | (0) | (0) | |||
| Retained earnings | 706 | 672 | 627 | |||
| Total equity: | 1,426 | 1,309 | 1,189 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,111 | 4,784 | 4,369 | |||
Income Statement (P&L) ($ in millions)
| 10/31/2016 | 10/31/2015 | 10/31/2014 | 10/31/2013 | ||
|---|---|---|---|---|---|
| Revenues | 1,372 | 1,470 | 1,278 | ||
| Revenue, net | |||||
| Cost of revenue | |||||
| Other undisclosed gross profit | (644) | (780) | (657) | ||
| Gross profit: | 727 | 690 | 621 | ||
| Operating expenses | (295) | (12) | (6) | ||
| Other undisclosed operating loss | (248) | (499) | (471) | ||
| Operating income: | 185 | 180 | 144 | ||
| Nonoperating income | 21 | 19 | 15 | ||
| Investment income, nonoperating | (4) | 6 | |||
| Public utilities, allowance for funds used during construction, additions | 11 | 16 | 31 | ||
| Other nonoperating expense | (1) | (2) | (2) | ||
| Interest and debt expense | (69) | (55) | (25) | ||
| Income from continuing operations before equity method investments, income taxes: | 137 | 144 | 134 | ||
| Income from equity method investments | 34 | 33 | 26 | ||
| Other undisclosed income from continuing operations before income taxes | 56 | 62 | 60 | ||
| Income from continuing operations before income taxes: | 227 | 239 | 220 | ||
| Income tax expense | (90) | (95) | (86) | ||
| Income from continuing operations: | 137 | 144 | 134 | ||
| Income before gain (loss) on sale of properties: | 137 | 144 | 134 | ||
| Net income available to common stockholders, diluted: | 137 | 144 | 134 | ||
Comprehensive Income ($ in millions)
| 10/31/2016 | 10/31/2015 | 10/31/2014 | 10/31/2013 | ||
|---|---|---|---|---|---|
| Net income: | 137 | 144 | 134 | ||
| Other comprehensive income (loss) | (1) | 0 | 0 | ||
| Comprehensive income: | 136 | 144 | 134 | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | |||||
| Comprehensive income, net of tax, attributable to parent: | 136 | 144 | 134 | ||
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.