Corning Natural Gas Holding Corp (CNIG) financial statements (2022 and earlier)

Company profile

Business Address 330 WEST WILLIAM STREET
CORNING, NY 14830
State of Incorp. NY
Fiscal Year End September 30
SIC 4923 - Natural Gas Transmission and Distribution (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2063344123142204433,809
Cash and cash equivalents2063344123142204433,809
Receivables4,7322,4812,3392,4423,5602,820725
Prepaid expense1,2091,7461,8021,7261,4681,4501,581
Deferred costs1,3851,3669951,2391,6211,382903
Other undisclosed current assets4,5034,3543,6843,0832,2051,9205,516
Total current assets:12,03510,2829,2328,8049,0738,01512,533
Noncurrent Assets
Property, plant and equipment118,622116,539108,89091,77887,59382,13677,832
Long-term investments and receivables 2612652,5982,7414,9204,804
Long-term investments 2612652,5982,7414,9204,804
Regulated entity, other noncurrent assets14,98814,63515,88013,24410,14211,28911,836
Other undisclosed noncurrent assets2,4462,3372,1932,1842,194  
Total noncurrent assets:136,055133,773127,227109,804102,67098,34594,472
TOTAL ASSETS:148,090144,055136,459118,609111,743106,360107,004
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,8304,6463,1632,7524,1413,0954,408
Accounts payable5,0583,8442,2941,8273,2472,1403,322
Accrued liabilities242271340423410490652
Interest and dividends payable530530529503484465434
Debt6,17214,07613,96911,13710,4569,77113,740
Deferred tax liabilities 21010
Other undisclosed current liabilities13,5396,9171,6181,4031,2271,2781,655
Total current liabilities:25,54125,63918,75015,29115,82514,35419,812
Noncurrent Liabilities
Long-term debt and lease obligation45,18746,14544,29237,94036,97533,87231,296
Long-term debt, excluding current maturities45,18746,14544,29237,94036,97533,87231,296
Liabilities, other than long-term debt, including:   11,31612,54515,88419,186
Deferred compensation liability, classified   1,3921,4121,4441,454
Deferred tax liabilities, net4,8976,7855,640
Liability, pension and other postretirement and postemployment benefits   9,6836,0167,5288,514
Other liabilities   241220126946
Other undisclosed liabilities, other than long-term debt      2,633
Other undisclosed noncurrent liabilities(232)(237)(241)(11,593)(12,884)  
Total noncurrent liabilities:44,95545,90844,05137,66336,63749,75650,482
Total liabilities:70,49671,54762,80152,95452,46264,11070,294
Temporary equity, carrying amount4,9874,9814,9554,9674,9524,9374,920
Stockholders' equity
Stockholders' equity attributable to parent35,40635,47335,93434,41832,84132,34331,790
Common stock31313130303025
Additional paid in capital28,29328,29328,14527,74627,32027,08426,768
Accumulated other comprehensive income11117915895
Retained earnings7,0827,1487,7476,6345,4005,1714,902
Total stockholders' equity:35,40635,47335,93434,41832,84132,34331,790
Other undisclosed liabilities and equity37,20132,05532,77026,27021,4894,971 
TOTAL LIABILITIES AND EQUITY:148,090144,055136,459118,609111,743106,360107,004

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues37,39435,23632,38635,54034,27730,04219,709
Revenue, net30,04219,709
Cost of revenue
(Cost of Goods and Services Sold)
(10,893)(9,317)(7,111)(10,550)(9,708)(7,882)(4,153)
Gross profit:26,50225,91925,27524,99024,56922,16015,557
Operating expenses(21,496)(21,560)(18,050)(17,546)(18,642)(17,619)(11,797)
Operating income:5,0064,3597,2257,4445,9274,5413,759
Nonoperating income (expense)1,0701,066(444)(564)116237121
Investment income, nonoperating3864222135280213103
Other nonoperating income (expense)684644(657)(616)362418
Interest and debt expense(3,545)(3,433)(2,567)(2,326)(2,133)(1,895)(903)
Income from continuing operations before equity method investments, income taxes:2,5311,9914,2144,5553,9112,8832,977
Loss from equity method investments(165)(3)(52)(143)(132)(131)(60)
Other undisclosed income from continuing operations before income taxes   3549491,281
Income from continuing operations before income taxes:2,3661,9894,1624,4473,8282,8014,198
Income tax expense(560)(464)(960)(1,323)(1,683)(700)(1,076)
Net income attributable to parent:1,8061,5253,2013,1242,1442,1013,121
Preferred stock dividends and other adjustments(244)(244)(244)(244)(244)(244)(63)
Net income available to common stockholders, diluted:1,5621,2812,9572,8801,9001,8573,059

Comprehensive Income ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income:1,8061,5253,2013,1242,1442,1013,121
Other comprehensive income (loss) (4)11212546
Other undisclosed comprehensive loss(4)      
Comprehensive income:1,8031,5213,2033,1362,1452,1263,168
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3)(6)2532(63)20
Comprehensive income, net of tax, attributable to parent:1,7991,5153,2053,1412,1772,0633,188

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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