Corning Natural Gas Holding Corp (CNIG) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2022
MRQ
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 investments 3344123142204433,809
Cash and cash equivalents 3344123142204433,809
Receivables 2,4812,3392,4423,5602,820725
Prepaid expense 1,7461,8021,7261,4681,4501,581
Deferred costs 1,3669951,2391,6211,382903
Other undisclosed current assets 4,3543,6843,0832,2051,9205,516
Total current assets: 10,2829,2328,8049,0738,01512,533
Noncurrent Assets
Property, plant and equipment 116,539108,89091,77887,59382,13677,832
Long-term investments and receivables 2612652,5982,7414,9204,804
Long-term investments 2612652,5982,7414,9204,804
Regulated entity, other noncurrent assets 14,63515,88013,24410,14211,28911,836
Other undisclosed noncurrent assets 2,3372,1932,1842,194  
Total noncurrent assets: 133,773127,227109,804102,67098,34594,472
TOTAL ASSETS: 144,055136,459118,609111,743106,360107,004
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 4,6463,1632,7524,1413,0954,408
Interest and dividends payable 530529503484465434
Accounts payable 3,8442,2941,8273,2472,1403,322
Accrued liabilities 271340423410490652
Debt 14,07613,96911,13710,4569,77113,740
Deferred tax liabilities 21010
Other undisclosed current liabilities 6,9171,6181,4031,2271,2781,655
Total current liabilities: 25,63918,75015,29115,82514,35419,812
Noncurrent Liabilities
Long-term debt and lease obligation 46,14544,29237,94036,97533,87231,296
Long-term debt, excluding current maturities 46,14544,29237,94036,97533,87231,296
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 (237)(241)(11,593)(12,884)  
Total noncurrent liabilities: 45,90844,05137,66336,63749,75650,482
Total liabilities: 71,54762,80152,95452,46264,11070,294
Temporary equity, carrying amount 4,9814,9554,9674,9524,9374,920
Equity
Equity, attributable to parent 35,47335,93434,41832,84132,34331,790
Common stock 313130303025
Additional paid in capital 28,29328,14527,74627,32027,08426,768
Accumulated other comprehensive income 1117915895
Retained earnings 7,1487,7476,6345,4005,1714,902
Total equity: 35,47335,93434,41832,84132,34331,790
Other undisclosed liabilities and equity 32,05532,77026,27021,4894,971 
TOTAL LIABILITIES AND EQUITY: 144,055136,459118,609111,743106,360107,004

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

3/31/2022
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues 35,23632,38635,54034,27730,04219,709
Revenue, net30,04219,709
Cost of revenue
(Cost of Goods and Services Sold)
 (9,317)(7,111)(10,550)(9,708)(7,882)(4,153)
Gross profit: 25,91925,27524,99024,56922,16015,557
Operating expenses (21,560)(18,050)(17,546)(18,642)(17,619)(11,797)
Operating income: 4,3597,2257,4445,9274,5413,759
Nonoperating income (expense) 1,066(444)(564)116237121
Investment income, nonoperating 4222135280213103
Other nonoperating income (expense) 644(657)(616)362418
Interest and debt expense (3,433)(2,567)(2,326)(2,133)(1,895)(903)
Income from continuing operations before equity method investments, income taxes: 1,9914,2144,5553,9112,8832,977
Loss from equity method investments (3)(52)(143)(132)(131)(60)
Other undisclosed income from continuing operations before income taxes   3549491,281
Income from continuing operations before income taxes: 1,9894,1624,4473,8282,8014,198
Income tax expense (464)(960)(1,323)(1,683)(700)(1,076)
Income from continuing operations: 1,5253,2013,1242,1442,1013,121
Income before gain (loss) on sale of properties:1,5253,2013,1242,1442,1013,121
Net income attributable to parent: 1,5253,2013,1242,1442,1013,121
Preferred stock dividends and other adjustments (244)(244)(244)(244)(244)(63)
Net income available to common stockholders, diluted: 1,2812,9572,8801,9001,8573,059

Comprehensive Income ($ in thousands)

3/31/2022
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income: 1,5253,2013,1242,1442,1013,121
Other comprehensive income (loss) (4)11212546
Comprehensive income: 1,5213,2033,1362,1452,1263,168
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (6)2532(63)20
Comprehensive income, net of tax, attributable to parent: 1,5153,2053,1412,1772,0633,188

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: