Avangrid, Inc. (AGR) financial statements (2021 and earlier)

Company profile

Business Address 180 MARSH HILL ROAD
ORANGE, CT 06477
State of Incorp.
Fiscal Year End December 31
SIC 4911 - Electric Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,763178364191427
Cash and cash equivalents1,463178364191427
Short-term investments300     
Receivables1,1991,0921,1481,0501,1441,050
Inventory, net of allowances, customer advances and progress billings16914112611513298
Inventory16914112611513298
Prepaid expense413443335353
Deferred costs9311010999246307
Derivative instruments and hedges, assets181116189988
Regulatory current assets310294299307285219
Disposal group, including discontinued operation   357  
Other current assets17663318
Other undisclosed current assets167159180237199214
Total current assets:3,7772,0251,9632,2602,2522,474
Noncurrent Assets
Operating lease, right-of-use asset15370
Property, plant and equipment26,75125,21823,45922,66921,548 
Long-term investments and receivables736708424415442385
Long-term investments736708424415442385
Intangible assets, net (including goodwill)3,4243,4333,4503,4553,6623,671
Goodwill3,1193,1193,1273,1273,1243,115
Intangible assets, net (excluding goodwill)305314323328538556
Derivative instruments and hedges798463637389
Regulated entity, other noncurrent assets2,5722,5672,6402,7383,0913,314
Deferred costs     2
Other noncurrent assets3313111627124135
Other undisclosed noncurrent assets  6  20,773
Total noncurrent assets:34,04632,39130,20429,41129,05728,269
TOTAL ASSETS:37,82334,41632,16731,67131,30930,743
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,4531,3611,1321,0711,096946
Accounts payable     830
Employee-related liabilities11494869289 
Taxes payable735659895255
Interest and dividends payable20620819819119461
Other undisclosed accounts payable and accrued liabilities1,0601,003789699761 
Debt307560983690499206
Derivative instruments and hedges, liabilities172044227591
Regulatory liability274242205178192147
Due to related parties50645814723890
Disposal group, including discontinued operation   137  
Contract with customer, liability9
Other liabilities368334327330279285
Other undisclosed current liabilities6001,006246539333270
Total current liabilities:3,0693,5873,0043,1142,7122,035
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,4786,7165,3685,1964,5101,745
Long-term debt, excluding current maturities7,4786,7165,3685,1964,5104,530
Finance lease, liability9154
Operating lease, liability 65
Other undisclosed long-term debt and lease obligation(91)(119)   (2,785)
Liabilities, other than long-term debt, including:11,4505,2465,1695,0136,6476,752
Deferred revenue and credits1,4461,4831,553
Deferred revenue 1,274
Contract with customer, liability1,385
Asset retirement obligations 190217196161184
Deferred tax liabilities, net1,5301,4522,9762,798
Deferred income tax liabilities 1,814
Liability, pension and other postretirement and postemployment benefits 1,1001,1021,0491,1061,202
Accrued environmental loss contingencies 338339358398406
Regulatory liability3,137     
Due to related parties3,000     
Other liabilities5,313380499360342330
Derivative instruments and hedges, liabilities 8597927894
Other undisclosed liabilities, other than long-term debt 65 60103185
Other undisclosed noncurrent liabilities 3,2813,2233,2522,3185,145
Total noncurrent liabilities:18,92815,24313,76013,46113,47513,642
Total liabilities:21,99718,83016,76416,57516,18715,677
Stockholders' equity
Stockholders' equity attributable to parent15,20915,23715,10415,07715,10915,053
Common stock333333
Treasury stock, value(14)(12)(12)(8)(5) 
Additional paid in capital13,66513,66013,65713,65313,65313,653
Accumulated other comprehensive loss(111)(95)(72)(46)(86)(52)
Retained earnings1,6661,6811,5281,4751,5441,449
Stockholders' equity attributable to noncontrolling interest617349299191313
Total stockholders' equity:15,82615,58615,40315,09615,12215,066
TOTAL LIABILITIES AND EQUITY:37,82334,41632,16731,67131,30930,743

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6,3206,3386,4785,9636,0184,367
Cost of revenue
(Cost of Goods and Services Sold)
   (72)(71)(48)
Gross profit:6,3206,3386,4785,8925,9474,319
Operating expenses   (1,607)(985)(959)
Other undisclosed operating loss(5,451)(5,335)(5,351)(3,900)(3,769)(2,847)
Operating income:8691,0031,1273851,194513
Nonoperating income (expense)18119(66)587655
Net periodic defined benefits expense (reversal of expense), excluding service cost component(62)(79) 
Other nonoperating income (expense)(24)(17)(66)587655
Interest and debt expense(316)(306)(303)(280)(268)(267)
Income from continuing operations before equity method investments, income taxes:5718167581631,002301
Income (loss) from equity method investments(3)310(40)7 
Income from continuing operations before income taxes:5688197681231,009301
Income tax expense (benefit)(29)(143)(170)259(379)(34)
Net income:539676598382630267
Net income (loss) attributable to noncontrolling interest4224(3)(1)  
Net income available to common stockholders, diluted:581700595381630267

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:539676598382630267
Other comprehensive income (loss)(16)(11)(25)40(34)47
Comprehensive income:523665573422596314
Comprehensive income (loss), net of tax, attributable to noncontrolling interest4224(3)(1)  
Comprehensive income, net of tax, attributable to parent:565689570421596314

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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