Via Renewables Inc. (VIA) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
12140 WICKCHESTER LANE HOUSTON, TX 77079 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4931 - Electric and Other Services Combined (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 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 investments | 42,595 | 33,658 | 68,899 | 71,684 | 56,664 | 41,002 | |||
| Cash and cash equivalents | 42,595 | 33,658 | 68,899 | 71,684 | 56,664 | 41,002 | |||
| Restricted cash and investments | 1,693 | 6,421 | 1,004 | 8,636 | |||||
| Receivables | 87,921 | 70,495 | 75,403 | 115,667 | 153,424 | ||||
| Inventory, net of allowances, customer advances and progress billings | 3,124 | 4,405 | 1,982 | 1,496 | 2,954 | 3,878 | |||
| Inventory | 3,124 | 4,405 | 1,982 | 1,496 | 2,954 | 3,878 | |||
| Capitalized contract cost | 5,154 | ||||||||
| Derivative instruments and hedges, assets | 909 | 1,632 | 3,930 | 311 | 464 | 7,289 | |||
| Regulatory asset | 25,456 | 24,251 | 14,691 | 20,666 | 24,204 | 25,717 | |||
| Deposits current assets | 6,897 | 10,568 | 6,664 | 5,655 | 6,806 | 9,226 | |||
| Intangible current assets | 342 | 2,520 | 8,523 | 12,077 | 13,607 | ||||
| Other current assets | 6,567 | 8,749 | 14,129 | 11,818 | 6,109 | 11,747 | |||
| Other undisclosed current assets | 67,929 | 3,530 | 946 | 5,764 | 8,649 | 31,061 | |||
| Total current assets: | 158,973 | 178,927 | 196,680 | 204,874 | 236,128 | 291,980 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 4,710 | 4,691 | 4,261 | 3,354 | 3,267 | 4,366 | |||
| Intangible assets, net (including goodwill) | 120,482 | 120,343 | 120,343 | 120,343 | 120,343 | 146,743 | |||
| Goodwill | 120,343 | 120,343 | 120,343 | 120,343 | 120,343 | 120,343 | |||
| Intangible assets, net (excluding goodwill) | 139 | 26,400 | |||||||
| Capitalized contract cost, net | 1,835 | 1,683 | 453 | 306 | 9,845 | 3,893 | |||
| Derivative instruments and hedges | 91 | 666 | 340 | 106 | 3,276 | ||||
| Deferred income tax assets | 15,282 | 20,437 | 23,915 | 27,960 | 29,865 | ✕ | |||
| Other noncurrent assets | 2,461 | 3,722 | 3,624 | 4,139 | 5,647 | 11,130 | |||
| Other undisclosed noncurrent assets | 481 | 5,660 | 5,691 | 17,767 | 27,350 | ||||
| Total noncurrent assets: | 144,861 | 152,023 | 158,596 | 161,793 | 186,840 | 196,758 | |||
| TOTAL ASSETS: | 303,834 | 330,950 | 355,276 | 366,667 | 422,968 | 488,738 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 15,094 | 61,727 | 62,588 | 61,486 | 86,186 | 79,635 | |||
| Accounts payable | 53,296 | 43,285 | 27,322 | 48,245 | 69,631 | ||||
| Accrued liabilities | 15,094 | 8,431 | 19,303 | 34,164 | 37,941 | 10,004 | |||
| Debt | 6,936 | ||||||||
| Derivative instruments and hedges, liabilities | 19,141 | 16,132 | 4,158 | 7,505 | 19,943 | 6,478 | |||
| Regulatory liability | 15,706 | 13,722 | 13,548 | 19,549 | 33,120 | 42,805 | |||
| Business combination, contingent consideration, liability | 1,328 | ||||||||
| Other liabilities | 59 | 322 | 1,707 | 1,295 | 1,697 | 647 | |||
| Due to related parties | ✕ | ✕ | 491 | 826 | 1,009 | 2,464 | |||
| Other undisclosed current liabilities | 29,996 | 265 | 1,658 | ||||||
| Total current liabilities: | 79,996 | 92,168 | 82,492 | 90,661 | 141,955 | 141,951 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 97,000 | 120,000 | 135,000 | 100,000 | 123,000 | 139,500 | |||
| Long-term debt, excluding current maturities | 97,000 | 120,000 | 135,000 | 100,000 | 123,000 | 139,500 | |||
| Liabilities, other than long-term debt | 54 | 2,715 | 36 | 227 | 495 | 106 | |||
| Derivative instruments and hedges, liabilities | 54 | 2,715 | 36 | 227 | 495 | 106 | |||
| Other undisclosed noncurrent liabilities | 18 | 109 | 30 | 217 | 26,129 | ||||
| Total noncurrent liabilities: | 97,054 | 122,733 | 135,145 | 100,257 | 123,712 | 165,735 | |||
| Total liabilities: | 177,050 | 214,901 | 217,637 | 190,918 | 265,667 | 307,686 | |||
| Temporary equity, carrying amount | 88,065 | 87,713 | 87,288 | 87,288 | 90,015 | 90,758 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 46,600 | 42,570 | 53,352 | 64,854 | 51,219 | 45,806 | |||
| Treasury stock, value | (2,406) | (2,406) | (2,406) | (2,406) | (2,011) | (2,011) | |||
| Additional paid in capital | 40,002 | 42,871 | 54,663 | 51,842 | 46,157 | ||||
| Accumulated other comprehensive income (loss) | (40) | (40) | (40) | (40) | (40) | 2 | |||
| Retained earnings | 8,972 | 2,073 | 776 | 1,074 | 1,307 | ||||
| Other undisclosed equity, attributable to parent | 72 | 72 | 359 | 67,300 | 354 | 351 | |||
| Equity, attributable to noncontrolling interest | (7,881) | (14,234) | (3,001) | 23,607 | 16,067 | 44,488 | |||
| Total equity: | 38,719 | 28,336 | 50,351 | 88,461 | 67,286 | 90,294 | |||
| TOTAL LIABILITIES AND EQUITY: | 303,834 | 330,950 | 355,276 | 366,667 | 422,968 | 488,738 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 435,192 | 460,493 | 393,485 | 554,890 | 813,725 | 1,005,928 | ||
| Gain (loss) on disposition of assets for financial service operations | 66,632 | (35,643) | (15,692) | 37,414 | 41,919 | (11,038) | ||
| Cost of revenue (Cost of Goods and Services Sold) | (310,744) | (357,096) | (323,219) | (344,592) | (615,225) | (845,493) | ||
| Gross profit: | 124,448 | 103,397 | 70,266 | 210,298 | 198,500 | 160,435 | ||
| Operating expenses | (77,976) | (78,636) | (65,857) | (121,501) | (174,521) | (1,009,582) | ||
| Other undisclosed operating income | 845,493 | |||||||
| Operating income (loss): | 46,472 | 24,761 | 4,409 | 88,797 | 23,979 | (3,654) | ||
| Nonoperating expense | (9,225) | (7,075) | (4,556) | (4,843) | (2,509) | (8,661) | ||
| Other nonoperating income | 1,250 | |||||||
| Unusual or infrequent item, or both, net (gain) loss | (64,403) | |||||||
| Interest and debt expense | (9,334) | (7,204) | (4,926) | (5,266) | (8,621) | (9,410) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 27,913 | 10,482 | (5,073) | 78,688 | 12,849 | (21,725) | ||
| Other undisclosed income from continuing operations before income taxes | 9,334 | 7,204 | 4,926 | 5,266 | 8,621 | 9,410 | ||
| Income (loss) from continuing operations before income taxes: | 37,247 | 17,686 | (147) | 83,954 | 21,470 | (12,315) | ||
| Income tax expense | (11,142) | (6,483) | (3,804) | (15,736) | (7,257) | (2,077) | ||
| Income (loss) from continuing operations: | 26,105 | 11,203 | (3,951) | 68,218 | 14,213 | (14,392) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (3,951) | 68,218 | 14,213 | (14,392) | |
| Other undisclosed net income | 64,403 | |||||||
| Net income (loss): | 26,105 | 11,203 | (3,951) | 68,218 | 14,213 | (14,392) | ||
| Net loss attributable to noncontrolling interest | (11,130) | (3,625) | ||||||
| Other undisclosed net income (loss) attributable to parent | 9,146 | (38,928) | (5,763) | 13,206 | ||||
| Net income (loss) attributable to parent: | 14,975 | 7,578 | 5,195 | 29,290 | 8,450 | (1,186) | ||
| Preferred stock dividends and other adjustments | (10,619) | (8,054) | (7,804) | (7,441) | (8,091) | (8,109) | ||
| Net income (loss) available to common stockholders, diluted: | 4,356 | (476) | (2,609) | 21,849 | 359 | (9,295) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 26,105 | 11,203 | (3,951) | 68,218 | 14,213 | (14,392) | ||
| Other comprehensive income (loss) | (102) | 31 | ||||||
| Comprehensive income (loss): | 26,105 | 11,203 | (3,951) | 68,218 | 14,111 | (14,361) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (11,130) | (3,625) | 9,146 | (38,928) | (5,703) | 13,188 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 14,975 | 7,578 | 5,195 | 29,290 | 8,408 | (1,173) | ||
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.