Teco Energy Inc (TE) Financial Statements (2024 and earlier)
Company Profile
Business Address |
702 N FRANKLIN ST TAMPA, FL 33602 |
State of Incorp. | FL |
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)
9/30/2016 MRQ | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
---|---|---|---|---|---|---|---|
ASSETS | |||||||
Current Assets | |||||||
Cash, cash equivalents, and short-term investments | 24 | 25 | 185 | 201 | |||
Cash and cash equivalents | 24 | 25 | 185 | 201 | |||
Receivables | 281 | 300 | 287 | 283 | |||
Derivative instruments and hedges, assets | 10 | 0 | |||||
Regulatory asset | 45 | 54 | 34 | 70 | |||
Disposal group, including discontinued operation | 110 | ||||||
Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | 34 | ||
Income taxes receivable | ✕ | ✕ | ✕ | 2 | 0 | ||
Deferred tax assets | 73 | 100 | (63) | ||||
Other undisclosed current assets | 221 | 194 | 239 | 332 | |||
Total current assets: | 570 | 756 | 858 | 857 | |||
Noncurrent Assets | |||||||
Property, plant and equipment | 7,482 | 7,088 | 6,170 | 5,990 | |||
Intangible assets, net (including goodwill) | 408 | 408 | ✕ | ✕ | |||
Goodwill | 408 | 408 | |||||
Derivative instruments and hedges | 0 | 0 | |||||
Regulated entity, other noncurrent assets | 395 | 349 | 293 | 383 | |||
Disposal group, including discontinued operation, noncurrent assets | 60 | ✕ | ✕ | ||||
Deferred costs | 127 | ||||||
Other undisclosed noncurrent assets | 105 | 66 | 127 | ||||
Total noncurrent assets: | 8,391 | 7,971 | 6,590 | 6,500 | |||
TOTAL ASSETS: | 8,961 | 8,726 | 7,448 | 7,357 | |||
LIABILITIES AND EQUITY | |||||||
Liabilities | |||||||
Current Liabilities | |||||||
Accounts payable and accrued liabilities | 305 | 358 | 296 | 265 | |||
Interest and dividends payable | 36 | 40 | |||||
Taxes payable | 13 | 30 | 35 | 32 | |||
Accounts payable | 255 | 289 | 262 | 233 | |||
Debt | 333 | 275 | 167 | ||||
Derivative instruments and hedges, liabilities | 24 | 37 | 0 | 15 | |||
Regulatory liability | 85 | 57 | 86 | 107 | |||
Disposal group, including discontinued operation | 39 | ||||||
Customer advances and deposits | 182 | 176 | ✕ | ✕ | |||
Other liabilities | 23 | 17 | 20 | 20 | |||
Other undisclosed current liabilities | 247 | 139 | 196 | 196 | |||
Total current liabilities: | 1,199 | 1,098 | 765 | 602 | |||
Noncurrent Liabilities | |||||||
Long-term debt and lease obligation | 3,354 | 2,838 | 2,973 | ||||
Long-term debt, excluding current maturities | 3,354 | 2,838 | 2,973 | ||||
Liabilities, other than long-term debt | 5,203 | 1,691 | 1,502 | 1,480 | |||
Deferred revenue and credits | 371 | 426 | 550 | ||||
Deferred tax liabilities, net | 519 | 444 | 278 | ||||
Regulatory liability | 729 | 631 | 652 | ||||
Disposal group, including discontinued operation, liabilities | 65 | ||||||
Other liabilities | 5,203 | ||||||
Derivative instruments and hedges, liabilities | 6 | 0 | 1 | ||||
Other undisclosed noncurrent liabilities | 9 | 9 | 10 | ||||
Total noncurrent liabilities: | 5,203 | 5,054 | 4,349 | 4,463 | |||
Total liabilities: | 6,402 | 6,152 | 5,114 | 5,065 | |||
Equity | |||||||
Equity, attributable to parent | 2,559 | 2,575 | 2,334 | 2,292 | |||
Common stock | 235 | 235 | 217 | 217 | |||
Additional paid in capital | 1,895 | 1,876 | 1,581 | 1,565 | |||
Accumulated other comprehensive loss | (12) | (16) | (13) | (31) | |||
Retained earnings | 441 | 480 | 548 | 542 | |||
Total equity: | 2,559 | 2,575 | 2,334 | 2,292 | |||
TOTAL LIABILITIES AND EQUITY: | 8,961 | 8,726 | 7,448 | 7,357 |
Income Statement (P&L) ($ in millions)
9/30/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
---|---|---|---|---|---|---|
Revenues | 2,744 | 2,566 | 2,851 | 2,997 | ||
Cost of revenue | (2,159) | (2,032) | (1,491) | (1,417) | ||
Cost of goods and services sold | (989) | (973) | (1,306) | (1,417) | ||
Gross profit: | 585 | 535 | 1,360 | 1,580 | ||
Operating expenses | (23) | (30) | (897) | (1,041) | ||
Other undisclosed operating income | 18 | |||||
Operating income: | 562 | 505 | 464 | 557 | ||
Nonoperating income | 21 | 11 | 10 | 11 | ||
Investment income, nonoperating | 0 | 2 | (36) | |||
Public utilities, allowance for funds used during construction, additions | 17 | 11 | 6 | 3 | ||
Other nonoperating income | 3 | 1 | 4 | 9 | ||
Interest and debt expense | (186) | (171) | (167) | (185) | ||
Income from continuing operations before income taxes: | 397 | 345 | 307 | 383 | ||
Income tax expense | (155) | (139) | (109) | (160) | ||
Other undisclosed income from continuing operations | 24 | |||||
Income from continuing operations: | 241 | 206 | 198 | 246 | ||
Income before gain (loss) on sale of properties: | 174 | 130 | 198 | 213 | ||
Loss from discontinued operations | (68) | (76) | (0) | (33) | ||
Net income: | 174 | 130 | 198 | 213 | ||
Other undisclosed net loss attributable to parent | (0) | |||||
Net income attributable to parent: | 174 | 130 | 198 | 213 | ||
Other undisclosed net loss available to common stockholders, basic | (1) | (1) | (1) | (1) | ||
Net income available to common stockholders, diluted: | 173 | 130 | 197 | 212 |
Comprehensive Income ($ in millions)
9/30/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
---|---|---|---|---|---|---|
Net income: | 174 | 130 | 198 | 213 | ||
Other comprehensive income (loss) | 4 | (3) | 18 | (9) | ||
Comprehensive income: | 177 | 128 | 216 | 204 | ||
Other undisclosed comprehensive loss, net of tax, attributable to parent | (0) | |||||
Comprehensive income, net of tax, attributable to parent: | 177 | 128 | 216 | 204 |
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.