Eversource Energy (ES) Financial Statements (2023 and Earlier)

Company Profile

Business Address 300 CADWELL DRIVE
SPRINGFIELD, MA 01104
State of Incorp. MA
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)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10714761152383024
Cash and cash equivalents6710715108383024
Short-term investments40414644   
Receivables1,2261,1969899949259281,081
Inventory, net of allowances, customer advances and progress billings268266236238223329336
Inventory268266236238223329336
Regulatory current assets1,1291,077651515742888846
Assets held-for-sale, not part of disposal group    220  
Costs in excess of billings✕✕✕✕201168203
Other current assets370252342261138135129
Other undisclosed current assets171192135132   
Total current assets:3,2703,1302,4152,2922,4872,4782,619
Noncurrent Assets
Finance lease, right-of-use asset5861 ✕✕✕✕
Operating lease, right-of-use asset4755 ✕✕✕✕
Long-term investments and receivables1,8971,5641,321881585782516
Long-term investments1,8971,5641,321881585782516
Intangible assets, net (including goodwill)4,4774,4464,4274,4274,4273,5193,519
Goodwill4,4774,4464,4274,4274,4273,5193,519
Regulated entity, other noncurrent assets4,5875,4934,8644,6314,4973,6393,738
Other noncurrent assets884584512863606522295
Other undisclosed noncurrent assets33,27230,767 (464) (237) 
Total noncurrent assets:45,22242,96911,12410,33910,1168,2258,069
Other undisclosed assets  27,58525,61023,61721,35119,892
TOTAL ASSETS:48,49246,10041,12438,24136,22032,05330,580
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6721,3711,1481,1201,085885814
Accounts payable1,6721,3711,1481,1201,085885814
Debt1,1971,058338837550774229
Postemployment benefits liability      9
Regulatory liability602389361370128147108
Other liabilities831809837823738685679
Other undisclosed current liabilities1,5451,2889219621,0881,1491,152
Total current liabilities:5,8474,9153,6064,1133,5893,6392,990
Noncurrent Liabilities
Long-term debt and lease obligation17,11615,22913,820    
Long-term debt, excluding current maturities17,02415,12613,771    
Finance lease, liability55588✕✕✕✕
Operating lease, liability374641✕✕✕✕
Liabilities, other than long-term debt10,41211,34310,4226,1489,6148,7188,277
Asset retirement obligations500500489    
Deferred tax liabilities, net✕✕✕ 3,2985,6075,148
Deferred income tax liabilities4,5974,0953,756✕✕✕✕
Liability, pension and other postretirement and postemployment benefits2421,6541,3709631,2281,1421,407
Regulatory liability3,8663,8513,6583,6093,637702514
Other liabilities9719498111,1961,074853871
Derivative instruments and hedges, liabilities235295339380377414337
Other undisclosed noncurrent liabilities   3,506   
Total noncurrent liabilities:27,52926,57224,2429,6549,6148,7188,277
Total liabilities:33,37631,48727,84813,76713,20312,35711,267
Temporary equity, carrying amount156156156156156156156
Stockholders' equity
Stockholders' equity attributable to parent, including:14,60014,06412,63011,48711,08610,71210,352
Common stock1,7891,7891,7291,6691,6691,6691,669
Treasury stock, value(251)(278)(299)(318)(318)(318)310
Additional paid in capital8,0998,0167,0886,2416,2406,2506,262
Accumulated other comprehensive loss(42)(76)(65)(60)(66)(65)(67)
Retained earnings5,0054,6134,1773,9543,5613,1752,797
Other undisclosed stockholders' equity attributable to parent      (620)
Total stockholders' equity:14,60014,06412,63011,48711,08610,71210,352
Other undisclosed liabilities and equity36139449112,83211,7768,8298,806
TOTAL LIABILITIES AND EQUITY:48,49246,10041,12438,24136,22032,05330,580

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues9,8638,9048,5268,4487,7527,6397,955
Cost of revenue
(Cost of Goods and Services Sold)		(182)(171)(163)(162)(157)(163)(147)
Gross profit:9,6818,7348,3638,2867,5957,4767,808
Operating expenses(7,870)(6,916)(6,936)(6,748)(5,834)(5,779)(6,191)
Other undisclosed operating income182171163162157163147
Operating income:1,9931,9891,5901,7001,9181,8601,764
Nonoperating income161109133128784634
Investment income, nonoperating2651318811 
Public utilities, allowance for funds used during construction, capitalized cost of equity37424544342619
Other nonoperating income1361041201107035 
Interest and debt expense(582)(538)(533)(499)(422)(401)(372)
Income from continuing operations before equity method investments, income taxes:1,5721,5591,1901,3291,5741,5051,426
Income from equity method investments1414     
Income from continuing operations before income taxes:1,5861,5731,1901,3291,5741,5051,426
Income tax expense(344)(346)(273)(289)(579)(555)(540)
Income before gain (loss) on sale of properties:1,2421,2279171,041996950886
Other undisclosed net loss(1,235)      
Net income:81,2279171,041996950886
Net loss attributable to noncontrolling interest(8)(8)(8)    
Other undisclosed net income (loss) attributable to parent1,228(7)8    
Net income attributable to parent:1,2281,2139171,041996950886
Other undisclosed net loss available to common stockholders, basic(8)(8)(8)(8)(8)(8)(8)
Net income available to common stockholders, diluted:1,2211,2059091,033988942878

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:81,2279171,041996950886
Other comprehensive income (loss)34(11)(5)6(1)27
Comprehensive income:421,2169121,047994951893
Comprehensive loss, net of tax, attributable to noncontrolling interest(8)(8)(8)(8)(8)(8)(8)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,221(14)     
Comprehensive income, net of tax, attributable to parent:1,2551,1949041,039987944886

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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