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 thousands)

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29,20046,10023,80055,40056,00032,800
Cash and cash equivalents29,20046,10023,80055,40056,00032,800
Receivables256,500240,100280,700270,700273,300262,800
Derivative instruments and hedges, assets    200600300
Regulatory asset18,40040,20044,80043,10039,40052,000
Disposal group, including discontinued operation     96,50097,100
Other undisclosed current assets215,000220,800221,000318,400313,400283,700
Total current assets:519,100547,200570,300687,800779,200728,700
Noncurrent Assets
Property, plant and equipment7,673,6007,553,0007,481,8007,326,4007,241,7007,164,700
Intangible assets, net (including goodwill)408,400408,400408,400408,400408,400408,400
Goodwill408,400408,400408,400408,400408,400408,400
Regulated entity, other noncurrent assets392,900393,400395,200330,800343,300350,000
Disposal group, including discontinued operation, noncurrent assets      60,900
Other undisclosed noncurrent assets85,70079,100105,40063,50065,80064,800
Total noncurrent assets:8,560,6008,433,9008,390,8008,129,1008,059,2008,048,800
TOTAL ASSETS:9,079,7008,981,1008,961,1008,816,9008,838,4008,777,500
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities367,900271,700304,800331,400342,300335,100
Interest and dividends payable26,80054,00036,20054,50038,10057,700
Taxes payable46,00028,20013,20060,80046,00029,000
Accounts payable295,100189,500255,400216,100258,200248,400
Debt615,00083,300333,300333,300333,300524,500
Derivative instruments and hedges, liabilities1,10022,30024,10023,90024,40035,500
Regulatory liability130,100108,40084,80069,10049,90049,400
Disposal group, including discontinued operation     30,20033,700
Customer advances and deposits168,500176,700182,100179,900179,500178,200
Other liabilities21,80025,20022,60018,30016,70016,700
Other undisclosed current liabilities 34,300513,000247,000128,00085,500206,000
Total current liabilities:1,338,7001,200,6001,198,7001,083,9001,061,8001,379,100
Noncurrent Liabilities
Long-term debt and lease obligation    3,517,7003,518,5003,103,200
Long-term debt, excluding current maturities    3,517,7003,518,5003,103,200
Liabilities, other than long-term debt5,230,7005,198,2005,203,4001,336,8001,363,3001,347,800
Deferred revenue and credits    8,8008,8008,900
Deferred tax liabilities, net    609,100573,100547,900
Regulatory liability    716,200713,200720,000
Disposal group, including discontinued operation, liabilities     66,30065,700
Other liabilities5,230,7005,198,2005,203,400   
Derivative instruments and hedges, liabilities    2,7001,9005,300
Other undisclosed noncurrent liabilities    316,900341,500360,100
Total noncurrent liabilities:5,230,7005,198,2005,203,4005,171,4005,223,3004,811,100
Total liabilities:6,569,4006,398,8006,402,1006,255,3006,285,1006,190,200
Equity
Equity, attributable to parent2,510,3002,582,3002,559,0002,561,6002,553,3002,587,300
Common stock 235,500235,500235,300235,200235,100235,600
Additional paid in capital1,898,5001,894,8001,894,5001,891,2001,885,7001,881,900
Accumulated other comprehensive loss(11,400)(11,500)(12,200)(8,600)(11,000)(14,800)
Retained earnings387,700463,500441,400443,800443,500484,600
Total equity:2,510,3002,582,3002,559,0002,561,6002,553,3002,587,300
TOTAL LIABILITIES AND EQUITY:9,079,7008,981,1008,961,1008,816,9008,838,4008,777,500

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

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
Revenues652,300659,500676,100693,800680,600693,000
Cost of revenue(584,200)(226,400)(546,200)(531,100)(536,200)(545,200)
Cost of goods and services sold(216,000)(226,400)(242,000)(242,400)(240,500)(264,200)
Gross profit:68,100433,100129,900162,700144,400147,800
Operating expenses(1,400)(285,000)(3,900)(16,100)(1,100)(1,600)
Operating income:66,700148,100126,000146,600143,300146,200
Nonoperating income6,9007,2004,2006,1005,1005,400
Public utilities, allowance for funds used during construction, additions5,9005,700 4,7003,7003,800
Other nonoperating income1,0001,500 1,4001,4001,600
Interest and debt expense(43,800)(45,900)(46,000)(46,100)(46,400)(47,900)
Income from continuing operations before income taxes:29,800109,40084,200106,600102,000103,700
Income tax expense(24,300)(35,700)(33,200)(41,700)(40,500)(39,900)
Income from continuing operations:5,50073,70051,00064,90061,50063,800
Income before gain (loss) on sale of properties:5,30073,80050,50053,20011,80058,000
Income (loss) from discontinued operations (200)100(500)(11,700)(49,700)(5,800)
Net income attributable to parent:5,30073,80050,50053,20011,80058,000
Other undisclosed net loss available to common stockholders, basic (100)(100)(100)(200)(200)(200)
Net income available to common stockholders, diluted:5,20073,70050,40053,00011,60057,800

Comprehensive Income ($ in thousands)

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
Net income:5,30073,80050,50053,20011,80058,000
Other comprehensive income (loss)100700(3,600)2,4003,800900
Comprehensive income, net of tax, attributable to parent:5,40074,50046,90055,60015,60058,900

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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