El Paso Electric Company (EE) Financial Statements (2024 and earlier)

Company Profile

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

3/31/2020
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 10,81812,9006,9908,4208,14940,504
Cash and cash equivalents 10,81812,9006,9908,4208,14940,504
Receivables 79,81477,85588,58588,45266,32692,365
Inventory, net of allowances, customer advances and progress billings 60,87255,43250,91047,21648,69745,889
Inventory 60,87255,43250,91047,21648,69745,889
Prepaid expense 11,20320,37510,3078,9889,87212,213
Deferred costs    11,123 10,253
Regulatory asset 9,9396,972    
Other undisclosed current assets     21,621(7,243)
Total current assets: 172,646173,534156,792164,199154,665193,981
Noncurrent Assets
Operating lease, right-of-use asset 5,550
Property, plant and equipment 2,942,7652,790,1432,661,9202,547,2342,286,4581,962,583
Regulated entity, other noncurrent assets 413,451369,921399,134390,867383,68230,597
Other undisclosed noncurrent assets 278,788294,904266,517273,978409,047872,140
Total noncurrent assets: 3,640,5543,454,9683,327,5713,212,0793,079,1872,865,320
TOTAL ASSETS: 3,813,2003,628,5023,484,3633,376,2783,233,8523,059,301
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 119,256111,767107,400108,728102,978119,830
Interest and dividends payable 14,19616,47812,47013,28712,64912,758
Taxes payable 39,31537,13935,66032,48830,35128,210
Accounts payable 65,74558,15059,27062,95359,97878,862
Debt 45,48299,239173,53383,143141,73815,000
Regulatory liability 19,96114,686    
Other liabilities 38,40838,35629,06729,70928,32524,715
Other undisclosed current liabilities 113,28849,2076,22581,8294,02315,464
Total current liabilities: 336,395313,255316,225303,409277,064175,009
Noncurrent Liabilities
Long-term debt and lease obligation 1,340,9811,285,9801,195,9881,195,5131,134,2841,134,179
Long-term debt, excluding current maturities 1,340,9811,285,9801,195,9881,195,5131,134,2841,134,179
Liabilities, other than long-term debt, including: 919,277865,164829,985802,960805,966765,859
Asset retirement obligations 110,105101,10893,02981,80081,62174,577
Deferred tax liabilities, net325,133305,023555,066516,858474,154
Liability, pension and other postretirement and postemployment benefits 119,826111,834110,255127,168145,080153,614
Regulatory liability 298,466298,570296,68518,43524,30326,099
Other liabilities 42,48228,51924,99320,49138,10437,415
Other undisclosed liabilities, other than long-term debt 348,398     
Total noncurrent liabilities: 2,260,2582,151,1442,025,9731,998,4731,940,2501,900,038
Total liabilities: 2,596,6532,464,3992,342,1982,301,8822,217,3142,075,047
Equity
Equity, attributable to parent 1,216,5471,164,1031,142,1651,074,3961,016,538984,254
Common stock 64,42965,82965,82965,82365,82965,850
Treasury stock, value (394,715)(418,893)(420,506)(421,515)(422,846)(424,647)
Additional paid in capital 323,367328,480326,117322,643320,073318,515
Accumulated other comprehensive income (loss) (48,952)(38,784)11,058(7,116)(13,914)(8,001)
Retained earnings 1,272,4181,227,4711,159,6671,114,5611,067,3961,032,537
Total equity: 1,216,5471,164,1031,142,1651,074,3961,016,538984,254
TOTAL LIABILITIES AND EQUITY: 3,813,2003,628,5023,484,3633,376,2783,233,8523,059,301

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

3/31/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 861,994903,603916,797886,936849,869917,525
Revenue, net916,797886,936849,869917,525
Cost of revenue
(Cost of Goods and Services Sold)
 (175,921)(229,109)(244,751)(233,465)(241,945)(315,809)
Gross profit: 686,073674,494672,046653,471607,924601,716
Operating expenses      (26,645)
Other undisclosed operating loss (507,980)(502,265)(473,792)(458,610)(461,733)(423,908)
Operating income: 178,093172,229198,254194,861146,191151,163
Nonoperating income 65,38522,67318,37218,69925,88128,171
Investment income, nonoperating      7,350
Public utilities, allowance for funds used during construction, capitalized cost of equity 2,5453,4533,0257,02310,63914,662
Interest and debt expense (86,410)(84,219)(67,361)(62,874)(55,259)(46,818)
Income from continuing operations before income taxes: 157,068110,683149,265150,686116,813132,516
Income tax expense (34,031)(26,368)(51,004)(53,918)(34,895)(41,088)
Income from continuing operations: 123,03784,31598,26196,76881,91891,428
Income before gain (loss) on sale of properties: 123,03784,31598,26196,76881,91891,428
Net income attributable to parent: 123,03784,31598,26196,76881,91891,428
Undistributed earnings (loss) allocated to participating securities, basic (402)(297)(368)
Other undisclosed net loss available to common stockholders, basic    (321)(243)(301)
Net income available to common stockholders, basic: 122,63584,01897,89396,44781,67591,127
Other undisclosed net income available to common stockholders, diluted  1    
Net income available to common stockholders, diluted: 122,63584,01997,89396,44781,67591,127

Comprehensive Income ($ in thousands)

3/31/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income: 123,03784,31598,26196,76881,91891,428
Other comprehensive income (loss) (10,168)(8,814)18,1746,798(5,913)(10,613)
Comprehensive income, net of tax, attributable to parent: 112,86975,501116,435103,56676,00580,815

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.

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