Portland General Electric Co (POR) Financial Statements (2025 and earlier)

Company Profile

Business Address 121 SW SALMON ST
PORTLAND, OR 97204
State of Incorp. OR
Fiscal Year End December 31
Industry (SIC) 4911 - Electric Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1830193230119
Cash and cash equivalents1830193230119
Receivables414529329368167193
Inventory, net of allowances, customer advances and progress billings303227234031
Inventory303227234031
Regulatory asset2215424231761
Other current assets1824982059810490
Other undisclosed current assets706784177142149
Total current assets:9351,210688721500643
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 291305291145150
Operating lease, right-of-use asset 1822254451
Property, plant and equipment    7,16157
Intangible assets, net (including goodwill) (558)(499)(446)(388)(366)(302)
Intangible assets, net (excluding goodwill) (558)(499)(446)(388)(366)(302)
Derivative instruments and hedges 11743512132
Regulated entity, other noncurrent assets506486547582494411
Asset, held-in-trust353845423836
Other noncurrent assets169234176153166101
Other undisclosed noncurrent assets9,8018,5898,1337,7581877,162
Total noncurrent assets:10,2739,2498,8068,3487,8947,467
TOTAL ASSETS:11,20810,4599,4949,0698,3948,110
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:347457244153165168
Interest and dividends payable69676161
Taxes payable46363334
Employee-related liabilities67677466
Accounts payable      
Accrued liabilities 195168    
Other undisclosed accounts payable and accrued liabilities 15228962(17)(3)7
Debt2462802032616300
Derivative instruments and hedges, liabilities16411847142355
Other liabilities355641457322315268
Total current liabilities:1,1121,496768815519791
Noncurrent Liabilities
Long-term debt and lease obligation4,1943,6803,5583,0152,7752,178
Long-term debt, excluding current maturities3,9053,3863,2852,8862,5972,178
Finance lease, liability289294273129135
Liabilities, other than long-term debt2,5832,5042,4612,6262,0712,339
Asset retirement obligations 2722572382702634
Deferred tax liabilities, net369
Deferred income tax liabilities 488439413374 
Liability, pension and other postretirement and postemployment benefits251253301400247307
Regulatory liability1,3981,3891,3601,3691,3771,355
Other liabilities9991597776203
Operating lease, liability     43
Derivative instruments and hedges, liabilities757590136108101
Other undisclosed noncurrent liabilities    438296
Total noncurrent liabilities:6,7776,1846,0195,6415,2844,813
Total liabilities:7,8897,6806,7876,4565,8035,604
Equity
Equity, attributable to parent3,3192,7792,7072,6132,5912,506
Common stock1,7501,2491,2411,2311,2201,212
Accumulated other comprehensive loss(5)(4)(10)(11)(10)(7)
Retained earnings1,5741,5341,4761,3931,3811,301
Total equity:3,3192,7792,7072,6132,5912,506
TOTAL LIABILITIES AND EQUITY:11,20810,4599,4949,0698,3948,110

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2,9232,6472,3962,1452,1231,991
Cost of revenue(1,980)(1,711)(1,457)(1,384)(1,287)(1,089)
Gross profit:943936939761836902
Operating expenses(547)(539)(561)(492)(483)(556)
Operating income:396397378269353346
Nonoperating income50312622167
Public utilities, allowance for funds used during construction, capitalized cost of equity191417161011
Other nonoperating income (expense)3117966(4)
Interest and debt expense(173)(156)(137)(136)(128)(124)
Income from continuing operations before equity method investments, income taxes:273272267155241229
Other undisclosed loss from continuing operations before income taxes      
Income from continuing operations before income taxes:273272267155241229
Income tax expense (benefit)(45)(39)(23)22(27)(17)
Income from continuing operations:228233244177214212
Income before gain (loss) on sale of properties:244177214212
Other undisclosed net loss    (22)  
Net income available to common stockholders, diluted:228233244155214212

Comprehensive Income ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:228233244155214212
Other comprehensive income (loss) (1)61(1)(1)1
Other undisclosed comprehensive loss      
Comprehensive income, net of tax, attributable to parent:227239245154213213

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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