Spark Energy, Inc. (SPKE) financial statements (2021 and earlier)

Company profile

Business Address 12140 WICKCHESTER LANE
HOUSTON, TX 77079
State of Incorp. DE
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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments72757954574328
Cash and cash equivalents72757954574328
Restricted cash and investments 011111
Receivables75687283116103108
Inventory, net of allowances, customer advances and progress billings1210342
Inventory1210342
Derivative instruments and hedges, assets0100010
Regulatory current assets21151233241612
Deposits current assets6666779
Intangible current assets12121213141515
Other current assets12981061415
Other undisclosed current assets681079813
Total current assets:205197202207236212202
Noncurrent Assets
Property, plant and equipment3333334
Intangible assets, net (including goodwill)120129132135120141144
Goodwill120120120120120120120
Intangible assets, net (excluding goodwill) 91215 2124
Capitalized contract cost, net01291095
Derivative instruments and hedges 00 00 
Deferred income tax assets28262930302332
Other noncurrent assets454561010
Other undisclosed noncurrent assets6   18  
Total noncurrent assets:162164170183187187195
TOTAL ASSETS:367361372390423398397
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities61587071866972
Accounts payable27293235484649
Accrued liabilities34293836382423
Derivative instruments and hedges, liabilities83112620426
Regulatory liability20201938333125
Due to related parties1011102
Business combination, contingent consideration, liability     11
Other liabilities1112221
Other undisclosed current liabilities      11
Total current liabilities:9183102138142108140
Noncurrent Liabilities
Long-term debt and lease obligation1001001009512312094
Long-term debt, excluding current maturities1001001009512312094
Liabilities, other than long-term debt0002025
Derivative instruments and hedges, liabilities0002025
Other undisclosed noncurrent liabilities0   0017
Total noncurrent liabilities:10010110097124122115
Total liabilities:191184203235266230255
Temporary equity, carrying amount87878788909191
Stockholders' equity
Stockholders' equity attributable to parent, including:65645952515634
Treasury stock, value(2)(2)(2)(2)(2)(2)(2)
Additional paid in capital 545353525442
Accumulated other comprehensive loss(0)(0)(0)(0)(0)(0)(0)
Retained earnings (accumulated deficit) 127114(7)
Other undisclosed stockholders' equity attributable to parent67000000
Stockholders' equity attributable to noncontrolling interest24262315162218
Total stockholders' equity:88908267677852
TOTAL LIABILITIES AND EQUITY:367361372390423398397

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues119141129167186207178
Cost of revenue
(Cost of Goods and Services Sold)
(75)(85)(66)(119)(137)(124)(159)
Gross profit:44566348498319
Operating expenses(31)(26)(29)(34)430(161)(206)
Other undisclosed operating income (loss)    (478)124159
Operating income (loss):13293413146(29)
Nonoperating income (expense)(1)(1)(1)(1)3(2)(2)
Interest and debt expense(1)(1)(1)(2)(2)(2)(2)
Income (loss) from continuing operations before equity method investments, income taxes:11263110142(32)
Other undisclosed income from continuing operations before income taxes1112222
Income (loss) from continuing operations before income taxes:12283212444(30)
Income tax expense (benefit)(3)(5)(6)(2)(4)(7)5
Net income (loss):9232710(1)38(25)
Other undisclosed net income (loss) attributable to parent(5)(13)(16)(6)(0)(22)18
Net income (loss) attributable to parent:410114(1)16(7)
Preferred stock dividends and other adjustments(2)(2)(2)(2)(2)(2)(2)
Net income (loss) available to common stockholders, diluted:2893(3)14(9)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):9232710(1)38(25)
Other comprehensive income (loss)    0(0)(0)
Comprehensive income (loss):9232710(1)38(26)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5)(13)(16)(6)(0)(22)18
Comprehensive income (loss), net of tax, attributable to parent:410114(1)16(7)

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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