Portland General Electric Co (POR) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3019323011939
Cash and cash equivalents3019323011939
Receivables529329368167193168
Inventory, net of allowances, customer advances and progress billings322723403126
Inventory322723403126
Regulatory asset542423176162
Other current assets498205981049073
Other undisclosed current assets6784177142149158
Total current assets:1,210688721500643526
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 305291145150
Operating lease, right-of-use asset 22254451
Property, plant and equipment   7,1615757
Intangible assets, net (including goodwill) (499)(446)(388)(366)(302)(296)
Intangible assets, net (excluding goodwill) (499)(446)(388)(366)(302)(296)
Derivative instruments and hedges 743512132 
Regulated entity, other noncurrent assets486547582494411448
Asset, held-in-trust384542383637
Other noncurrent assets23417615316610154
Other undisclosed noncurrent assets8,5898,1337,7581877,1627,012
Total noncurrent assets:9,2498,8068,3487,8947,4677,312
TOTAL ASSETS:10,4599,4949,0698,3948,1107,838
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:457244153165168132
Interest and dividends payable6967616158
Taxes payable4636333431
Employee-related liabilities6767746660
Accounts payable      
Accrued liabilities 168     
Other undisclosed accounts payable and accrued liabilities 28962(17)(3)7(17)
Debt2802032616300 
Derivative instruments and hedges, liabilities1184714235559
Other liabilities641457322315268241
Total current liabilities:1,496768815519791432
Noncurrent Liabilities
Long-term debt and lease obligation3,6803,5583,0152,7752,1782,426
Long-term debt, excluding current maturities3,3863,2852,8862,5972,1782,426
Finance lease, liability294273129135
Liabilities, other than long-term debt2,5042,4612,6262,0712,3392,291
Asset retirement obligations 2572382702634 
Deferred tax liabilities, net369376
Deferred income tax liabilities 439413374 
Liability, pension and other postretirement and postemployment benefits253301400247307284
Regulatory liability1,3891,3601,3691,3771,3551,288
Other liabilities91597776203192
Operating lease, liability    43
Derivative instruments and hedges, liabilities7590136108101151
Other undisclosed noncurrent liabilities   438296273
Total noncurrent liabilities:6,1846,0195,6415,2844,8134,990
Total liabilities:7,6806,7876,4565,8035,6045,422
Equity
Equity, attributable to parent2,7792,7072,6132,5912,5062,416
Common stock1,2491,2411,2311,2201,2121,207
Accumulated other comprehensive loss(4)(10)(11)(10)(7)(8)
Retained earnings1,5341,4761,3931,3811,3011,217
Total equity:2,7792,7072,6132,5912,5062,416
TOTAL LIABILITIES AND EQUITY:10,4599,4949,0698,3948,1107,838

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,6472,3962,1452,1231,9912,009
Revenue, net2,009
Cost of revenue(1,711)(1,457)(1,384)(1,287)(1,089)(1,110)
Cost of goods and services sold      (901)
Gross profit:936939761836902899
Operating expenses(539)(561)(492)(483)(556)(523)
Operating income:397378269353346376
Nonoperating income31262216717
Public utilities, allowance for funds used during construction, capitalized cost of equity141716101112
Other nonoperating income (expense)17966(4)5
Interest and debt expense(156)(137)(136)(128)(124)(120)
Income from continuing operations before income taxes:272267155241229273
Income tax expense (benefit)(39)(23)22(27)(17)(86)
Income from continuing operations:233244177214212187
Income before gain (loss) on sale of properties:244177214212187
Other undisclosed net loss   (22)   
Net income available to common stockholders, diluted:233244155214212187

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:233244155214212187
Other comprehensive income (loss) 61(1)(1)1(1)
Other undisclosed comprehensive income      
Comprehensive income, net of tax, attributable to parent:239245154213213186

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: