El Paso Electric Company (EE) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16137884126
Cash and cash equivalents16137884126
Receivables115788988669285
Inventory, net of allowances, customer advances and progress billings595551474946
Inventory595551474946 
Prepaid expense272010910128
Deferred costs   11 107
Regulatory current assets87     
Other undisclosed current assets    22(7)53
Total current assets:225174157164155194179
Noncurrent Assets
Operating lease, right-of-use asset6
Property, plant and equipment2,8762,7902,6622,5472,2861,9631,862
Regulated entity, other noncurrent assets4013703993913843135
Other undisclosed noncurrent assets292295267274409872710
Total noncurrent assets:3,5763,4553,3283,2123,0792,8652,607
TOTAL ASSETS:3,8003,6293,4843,3763,2343,0592,786
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12311210710910312025
Accounts payable615859636079 
Taxes payable43373632302825
Interest and dividends payable191612131313 
Debt4599174831421514
Regulatory liability1915     
Other liabilities39382930282523
Other undisclosed current liabilities994968241575
Total current liabilities:327313316303277175138
Noncurrent Liabilities
Long-term debt and lease obligation1,3411,2861,1961,1961,1341,1341,000
Long-term debt, excluding current maturities1,3411,2861,1961,1961,1341,1341,000
Liabilities, other than long-term debt903865830803806766705
Pension and other postretirement defined benefit plans, liabilities135
Asset retirement obligations1081019382827565
Deferred tax liabilities, net325305555517474450
Liability, pension and other postretirement and postemployment benefits107112110127145154
Regulatory liability29929929718242626
Other liabilities41292520383729
Other undisclosed liabilities, other than long-term debt350      
Other undisclosed noncurrent liabilities      (1,000)
Total noncurrent liabilities:2,2442,1512,0261,9981,9401,900705
Total liabilities:2,5712,4642,3422,3022,2172,075843
Stockholders' equity
Stockholders' equity attributable to parent1,2291,1641,1421,0741,017984944
Common stock64666666666666
Treasury stock, value(395)(419)(421)(422)(423)(425)(425)
Additional paid in capital323328326323320319314
Accumulated other comprehensive income (loss)(39)(39)11(7)(14)(8)3
Retained earnings1,2751,2271,1601,1151,0671,033986
Total stockholders' equity:1,2291,1641,1421,0741,017984944
Other undisclosed liabilities and equity      1,000
TOTAL LIABILITIES AND EQUITY:3,8003,6293,4843,3763,2343,0592,786

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues863904917887850918890
Revenue, net917887850918890
Cost of revenue
(Cost of Goods and Services Sold)
(183)(229)(245)(233)(242)(316)(289)
Gross profit:679674672653608602601
Operating expenses     (27)(26)
Other undisclosed operating loss(500)(502)(474)(459)(462)(424)(410)
Operating income:180172198195146151166
Nonoperating income30231819262814
Investment income, nonoperating     7 
Public utilities, allowance for funds used during construction, capitalized cost of equity3337111510
Other nonoperating income (expense)21(2)(2)(2)(0)(3)
Interest and debt expense(86)(84)(67)(63)(55)(47)(48)
Income from continuing operations before income taxes:123111149151117133132
Income tax expense(28)(26)(51)(54)(35)(41)(44)
Net income attributable to parent:95849897829189
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)
Other undisclosed net loss available to common stockholders, basic   (0)(0)(0)(0)
Net income available to common stockholders, basic:94849896829188
Other undisclosed net income available to common stockholders, diluted00     
Net income available to common stockholders, diluted:94849896829188

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:95849897829189
Other comprehensive income (loss)(4)(9)187(6)(11)69
Comprehensive income, net of tax, attributable to parent:91761161047681157

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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