Chesapeake Utilities Corporation (CPK) financial statements (2023 and earlier)

Company profile

Business Address 909 SILVER LAKE BLVD
DOVER, DE 19903-0615
State of Incorp. DE
Fiscal Year End December 31
SIC 4923 - Natural Gas Transmission and Distribution (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments53 664
Cash and cash equivalents53 664
Receivables7670 1019286
Inventory, net of allowances, customer advances and progress billings158 161412
Inventory158 161412
Prepaid expense1713 10147
Derivative instruments and hedges, assets73 1311
Regulatory current assets2011 5118
Other current assets10 672
Other undisclosed current assets3227 353422
Total current assets:173136 192179141
Noncurrent Assets
Operating lease, right-of-use asset1011 
Property, plant and equipment1,7451,601 1,3841,126987
Intangible assets, net (including goodwill)5847 322717
Goodwill4539 262215
Intangible assets, net (excluding goodwill)138 652
Contract with customer, asset, net55 3
Regulated entity, other noncurrent assets105115 737677
Other undisclosed noncurrent assets1917 11107
Total noncurrent assets:1,9421,796 1,5021,2391,088
TOTAL ASSETS:2,1151,932 1,6941,4171,229
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities97100 16510581
Accounts payable5360 1307557
Accrued liabilities1815 13107
Employee-related liabilities1614 141310
Interest and dividends payable1111 876
Deferred revenue11 
Debt240189 306260222
Derivative instruments and hedges, liabilities10 1561
Regulatory liability26 861
Customer advances and deposits3529
Contract with customer, liability0
Other undisclosed current liabilities3633 34  
Total current liabilities:376329 528413334
Noncurrent Liabilities
Long-term debt and lease obligation558518 316197137
Long-term debt, excluding current maturities550508 316197137
Operating lease, liability910 
Liabilities, other than long-term debt406388 331321312
Deferred tax liabilities, net157136223
Deferred income tax liabilities234205 
Liability, pension and other postretirement and postemployment benefits2431 293033
Accrued environmental loss contingencies44 889
Regulatory liability142143 13514143
Other liabilities25 365
Total noncurrent liabilities:964906 647518449
Total liabilities:1,3411,235 1,175931783
Stockholders' equity
Stockholders' equity attributable to parent, including:774697 518486446
Common stock98 888
Treasury stock, value(7)(6) (4)(3)(2)
Additional paid in capital371348 256253251
Accumulated other comprehensive income (loss)1(3) (7)(4)(5)
Retained earnings393343 262229192
Other undisclosed stockholders' equity attributable to parent76 432
Total stockholders' equity:774697 518486446
TOTAL LIABILITIES AND EQUITY:2,1151,932 1,6941,4171,229

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues570488 717618499
Cost of revenue(0)(4) (14)(13)(12)
Cost of goods and services sold   (14)(13)(12)
Provision for loan, lease, and other losses(0)(4)  
Gross profit:570484 703605486
Operating expenses(439)(375) (623)(532)(415)
Other undisclosed operating income04 141312
Operating income:131113 958684
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
23 (1)(1)(0)
Interest and debt expense(20)(22) (16)(13)(11)
Income from continuing operations before income taxes:11394 787273
Income tax expense(29)(24) (21)(14)(28)
Net income:8371 575845
Other undisclosed net income (loss) attributable to parent(0)1    
Net income available to common stockholders, diluted:8371 575845

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:8371 575845
Other comprehensive income (loss)43 (2)11
Comprehensive income:8874 555946
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)1    
Comprehensive income, net of tax, attributable to parent:8875 555946

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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