Calpine Corp (CPN) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
717 TEXAS AVENUE HOUSTON, TX 77002 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4911 - Electric Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2020 MRQ | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,131 | 205 | 284 | 418 | 906 | 717 | |||
| Cash and cash equivalents | 1,131 | 205 | 284 | 418 | 906 | 717 | |||
| Restricted cash and investments | 299 | 167 | 134 | 173 | 216 | 195 | |||
| Receivables | 795 | 1,056 | 970 | 839 | 644 | 648 | |||
| Inventory, net of allowances, customer advances and progress billings | 543 | 525 | 498 | 581 | 475 | 447 | |||
| Inventory | 543 | 525 | 498 | 581 | 475 | 447 | |||
| Derivative instruments and hedges, assets | 156 | 142 | 174 | 1,725 | 1,698 | 2,058 | |||
| Asset, held-for-sale, not part of disposal group | 210 | ✕ | |||||||
| Deferred tax assets | ✕ | ✕ | 14 | ||||||
| Other current assets | 49 | 43 | 43 | 45 | 19 | 7 | |||
| Other undisclosed current assets | 329 | 281 | 203 | 441 | 137 | 134 | |||
| Total current assets: | 3,302 | 2,419 | 2,306 | 4,432 | 4,095 | 4,220 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 11,963 | 12,442 | 12,724 | 13,013 | 13,012 | 13,190 | |||
| Long-term investments and receivables | 70 | 76 | 106 | 99 | 79 | 95 | |||
| Long-term investments | 70 | 76 | 106 | 99 | 79 | 95 | |||
| Intangible assets, net (including goodwill) | 582 | 654 | 754 | ||||||
| Goodwill | 242 | 242 | 242 | ||||||
| Intangible assets, net (excluding goodwill) | 340 | 412 | 512 | ||||||
| Derivative instruments and hedges | 246 | 160 | 218 | 543 | 313 | 439 | |||
| Restricted cash and investments | 46 | 34 | 25 | 15 | 12 | 49 | |||
| Other noncurrent assets | 440 | 277 | 320 | 1,215 | 1,192 | 385 | |||
| Other undisclosed noncurrent assets | 130 | ||||||||
| Total noncurrent assets: | 13,347 | 13,643 | 14,147 | 14,885 | 14,738 | 14,158 | |||
| TOTAL ASSETS: | 16,649 | 16,062 | 16,453 | 19,317 | 18,833 | 18,378 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 775 | 1,054 | 881 | 796 | 681 | 745 | |||
| Interest and dividends payable | 61 | 96 | 104 | 125 | 129 | 165 | |||
| Accounts payable | 714 | 958 | 777 | 671 | 552 | 580 | |||
| Debt | 1,268 | 637 | 225 | 748 | 221 | 199 | |||
| Derivative instruments and hedges, liabilities | 225 | 303 | 197 | 1,630 | 1,734 | 1,782 | |||
| Other liabilities | 657 | 489 | 571 | 528 | 412 | 473 | |||
| Total current liabilities: | 2,925 | 2,483 | 1,874 | 3,702 | 3,048 | 3,199 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 10,438 | 10,148 | 11,180 | 11,431 | 11,868 | 11,083 | |||
| Finance lease, liability | 63 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 10,205 | 10,148 | 11,180 | 11,431 | 11,868 | 11,083 | |||
| Liabilities, other than long-term debt | 628 | 375 | 332 | 845 | 750 | 666 | |||
| Deferred tax liabilities, net | ✕ | ✕ | 1 | ||||||
| Other liabilities | 565 | 235 | 213 | 369 | 277 | 221 | |||
| Operating lease, liability | 170 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Derivative instruments and hedges, liabilities | 63 | 140 | 119 | 476 | 473 | 444 | |||
| Other undisclosed noncurrent liabilities | (1) | ||||||||
| Total noncurrent liabilities: | 11,066 | 10,523 | 11,512 | 12,276 | 12,618 | 11,748 | |||
| Total liabilities: | 13,991 | 13,006 | 13,386 | 15,978 | 15,666 | 14,947 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,547 | 2,963 | 2,988 | 3,268 | 3,109 | 3,378 | |||
| Common stock | 1 | ||||||||
| Treasury stock, value | (15) | (7) | (1) | (2,345) | |||||
| Additional paid in capital | 9,584 | 9,582 | 9,661 | 9,625 | 9,594 | 12,440 | |||
| Accumulated other comprehensive loss | (114) | (77) | (106) | (137) | (179) | (178) | |||
| Accumulated deficit | (6,923) | (6,542) | (6,552) | (6,213) | (6,305) | (6,540) | |||
| Equity, attributable to noncontrolling interest | 111 | 93 | 79 | 71 | 58 | 53 | |||
| Total equity: | 2,658 | 3,056 | 3,067 | 3,339 | 3,167 | 3,431 | |||
| TOTAL LIABILITIES AND EQUITY: | 16,649 | 16,062 | 16,453 | 19,317 | 18,833 | 18,378 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 10,072 | 9,512 | 8,752 | 6,716 | 6,472 | 8,030 | ||
| Revenue, net | ✕ | ✕ | ✕ | 8,853 | 7,595 | |||
| Cost of revenue | (6,504) | (6,749) | (6,338) | (4,187) | (3,767) | (4,892) | ||
| Cost of goods and services sold | (6,164) | (6,914) | (6,268) | (4,815) | ||||
| Gross profit: | 3,568 | 2,763 | 2,414 | 2,529 | 2,705 | 3,138 | ||
| Operating expenses | (1,141) | (1,178) | (1,208) | (960) | (1,156) | (360) | ||
| Other undisclosed operating loss | (835) | (823) | (828) | (730) | (694) | (789) | ||
| Operating income: | 1,592 | 762 | 378 | 839 | 855 | 1,989 | ||
| Nonoperating income (expense) | (37) | (81) | (32) | (24) | (14) | 448 | ||
| Investment income, nonoperating | 4 | 469 | ||||||
| Other nonoperating expense | (37) | (81) | (32) | (24) | (18) | (21) | ||
| Interest and debt expense | (667) | (589) | (659) | (25) | (40) | (991) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 888 | 92 | (313) | 790 | 801 | 1,446 | ||
| Income from equity method investments | 25 | |||||||
| Other undisclosed loss from continuing operations before income taxes | (631) | (628) | (488) | |||||
| Income (loss) from continuing operations before income taxes: | 888 | 92 | (313) | 159 | 173 | 983 | ||
| Income tax expense (benefit) | (98) | (64) | (8) | (48) | 76 | (22) | ||
| Income (loss) from continuing operations: | 790 | 28 | (321) | 111 | 249 | 961 | ||
| Income (loss) before gain (loss) on sale of properties: | 790 | 28 | (321) | 111 | 249 | 961 | ||
| Net income (loss): | 790 | 28 | (321) | 111 | 249 | 961 | ||
| Net loss attributable to noncontrolling interest | (20) | (18) | (18) | (19) | (14) | (15) | ||
| Net income (loss) available to common stockholders, diluted: | 770 | 10 | (339) | 92 | 235 | 946 | ||
Comprehensive Income ($ in millions)
| 6/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 790 | 28 | (321) | 111 | 249 | 961 | ||
| Other comprehensive income (loss) | (37) | 32 | 33 | 45 | (19) | |||
| Comprehensive income (loss): | 753 | 60 | (288) | 156 | 249 | 942 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (20) | (21) | (20) | (22) | (15) | (14) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 733 | 39 | (308) | 134 | 234 | 928 | ||
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.