El Paso Electric Company (EE) financial statements (2021 and earlier)

Company profile

Business Address 100 NORTH STANTON
EL PASO, TX 79901
State of Incorp. TX
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)

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 1378841
Cash and cash equivalents 1378841
Receivables 7889886692
Inventory, net of allowances, customer advances and progress billings 5551474946
Inventory 5551474946
Prepaid expense 201091012
Deferred costs   11 10
Regulatory current assets 7    
Other undisclosed current assets    22(7)
Total current assets: 174157164155194
Noncurrent Assets
Property, plant and equipment 2,7902,6622,5472,2861,963
Regulated entity, other noncurrent assets 37039939138431
Other undisclosed noncurrent assets 295267274409872
Total noncurrent assets: 3,4553,3283,2123,0792,865
TOTAL ASSETS: 3,6293,4843,3763,2343,059
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 112107109103120
Accounts payable 5859636079
Taxes payable 3736323028
Interest and dividends payable 1612131313
Debt 991748314215
Regulatory liability 15    
Other liabilities 3829302825
Other undisclosed current liabilities 49682415
Total current liabilities: 313316303277175
Noncurrent Liabilities
Long-term debt and lease obligation 1,2861,1961,1961,1341,134
Long-term debt, excluding current maturities 1,2861,1961,1961,1341,134
Liabilities, other than long-term debt 865830803806766
Asset retirement obligations 10193828275
Deferred tax liabilities, net325305555517474
Liability, pension and other postretirement and postemployment benefits 112110127145154
Regulatory liability 299297182426
Other liabilities 2925203837
Total noncurrent liabilities: 2,1512,0261,9981,9401,900
Total liabilities: 2,4642,3422,3022,2172,075
Stockholders' equity
Stockholders' equity attributable to parent 1,1641,1421,0741,017984
Common stock 6666666666
Treasury stock, value (419)(421)(422)(423)(425)
Additional paid in capital 328326323320319
Accumulated other comprehensive income (loss) (39)11(7)(14)(8)
Retained earnings 1,2271,1601,1151,0671,033
Total stockholders' equity: 1,1641,1421,0741,017984
TOTAL LIABILITIES AND EQUITY: 3,6293,4843,3763,2343,059

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 904917887850918
Revenue, net917887850918
Cost of revenue
(Cost of Goods and Services Sold)
 (229)(245)(233)(242)(316)
Gross profit: 674672653608602
Operating expenses     (27)
Other undisclosed operating loss (502)(474)(459)(462)(424)
Operating income: 172198195146151
Nonoperating income 2318192628
Investment income, nonoperating     7
Public utilities, allowance for funds used during construction, capitalized cost of equity 3371115
Interest and debt expense (84)(67)(63)(55)(47)
Income from continuing operations before income taxes: 111149151117133
Income tax expense (26)(51)(54)(35)(41)
Net income attributable to parent: 8498978291
Undistributed earnings (loss) allocated to participating securities, basic (0)(0)
Other undisclosed net loss available to common stockholders, basic   (0)(0)(0)
Net income available to common stockholders, basic: 8498968291
Other undisclosed net income available to common stockholders, diluted 0    
Net income available to common stockholders, diluted: 8498968291

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income: 8498978291
Other comprehensive income (loss) (9)187(6)(11)
Comprehensive income, net of tax, attributable to parent: 761161047681

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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