Avangrid, Inc. (AGR) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments103364191427
Cash and cash equivalents103364191427
Receivables9801,1481,0501,1441,050
Inventory, net of allowances, customer advances and progress billings13712611513298
Inventory13712611513298
Prepaid expense 43335353
Deferred costs11210999246307
Derivative instruments and hedges, assets816189988
Regulatory current assets250299307285219
Disposal group, including discontinued operation  357  
Other current assets 63318
Other undisclosed current assets290180237199214
Total current assets:1,8801,9632,2602,2522,474
Noncurrent Assets
Operating lease, right-of-use asset73
Property, plant and equipment24,75023,45922,66921,548 
Long-term investments and receivables576424415442385
Long-term investments576424415442385
Intangible assets, net (including goodwill)3,4433,4503,4553,6623,671
Goodwill3,1273,1273,1273,1243,115
Intangible assets, net (excluding goodwill)316323328538556
Derivative instruments and hedges8163637389
Regulated entity, other noncurrent assets2,5002,6402,7383,0913,314
Deferred costs    2
Other noncurrent assets2441627124135
Other undisclosed noncurrent assets 6  20,773
Total noncurrent assets:31,66730,20429,41129,05728,269
TOTAL ASSETS:33,54732,16731,67131,30930,743
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,0601,1321,0711,096946
Accounts payable    830
Employee-related liabilities 869289 
Taxes payable7159895255
Interest and dividends payable21719819119461
Other undisclosed accounts payable and accrued liabilities772789699761 
Deferred revenue6
Debt252983690499206
Derivative instruments and hedges, liabilities2344227591
Regulatory liability236205178192147
Due to related parties585814723890
Disposal group, including discontinued operation  137  
Contract with customer, liability9
Other liabilities318327330279285
Other undisclosed current liabilities895246539333270
Total current liabilities:2,8483,0043,1142,7122,035
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,7725,3685,1964,5101,745
Long-term debt, excluding current maturities6,7185,3685,1964,5104,530
Finance lease, liability54
Other undisclosed long-term debt and lease obligation    (2,785)
Liabilities, other than long-term debt, including:5,1795,1695,0136,6476,752
Deferred revenue and credits1,4461,4831,553
Deferred revenue1,330
Contract with customer, liability1,385
Asset retirement obligations186217196161184
Deferred tax liabilities, net1,5301,4522,9762,798
Liability, pension and other postretirement and postemployment benefits1,0511,1021,0491,1061,202
Accrued environmental loss contingencies317339358398406
Other liabilities539499360342330
Derivative instruments and hedges, liabilities9397927894
Other undisclosed liabilities, other than long-term debt1,663 60103185
Other undisclosed noncurrent liabilities3,2303,2233,2522,3185,145
Total noncurrent liabilities:15,18113,76013,46113,47513,642
Total liabilities:18,02916,76416,57516,18715,677
Stockholders' equity
Stockholders' equity attributable to parent15,15015,10415,07715,10915,053
Common stock33333
Treasury stock, value(12)(12)(8)(5) 
Additional paid in capital13,65913,65713,65313,65313,653
Accumulated other comprehensive loss(99)(72)(46)(86)(52)
Retained earnings1,5991,5281,4751,5441,449
Stockholders' equity attributable to noncontrolling interest368299191313
Total stockholders' equity:15,51815,40315,09615,12215,066
TOTAL LIABILITIES AND EQUITY:33,54732,16731,67131,30930,743

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6,3946,4785,9636,0184,367
Cost of revenue
(Cost of Goods and Services Sold)
  (72)(71)(48)
Gross profit:6,3946,4785,8925,9474,319
Operating expenses  (1,607)(985)(959)
Other undisclosed operating loss(5,358)(5,351)(3,900)(3,769)(2,847)
Operating income:1,0361,1273851,194513
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(8)(66)587655
Interest and debt expense(310)(303)(280)(268)(267)
Income from continuing operations before equity method investments, income taxes:7187581631,002301
Income (loss) from equity method investments310(40)7 
Income from continuing operations before income taxes:7217681231,009301
Income tax expense (benefit)(145)(170)259(379)(34)
Net income:576598382630267
Net income (loss) attributable to noncontrolling interest20(3)(1)  
Net income available to common stockholders, diluted:596595381630267

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:576598382630267
Other comprehensive income (loss)(32)(25)40(34)47
Comprehensive income:544573422596314
Comprehensive income (loss), net of tax, attributable to noncontrolling interest20(3)(1)  
Comprehensive income, net of tax, attributable to parent:564570421596314

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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