Eversource Energy (ES) financial statements (2021 and earlier)

Company profile

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

12/31/2020
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 investments1476115238302439
Cash and cash equivalents1071510838302439
Short-term investments414644    
Receivables1,1969899949259281,0811,194
Inventory, net of allowances, customer advances and progress billings266236238223329336350
Inventory266236238223329336350
Regulatory current assets1,077651515742888846672
Assets held-for-sale, not part of disposal group   220  
Costs in excess of billings201168203212
Other current assets252342261138135129226
Other undisclosed current assets192135132    
Total current assets:3,1302,4152,2922,4872,4782,6192,692
Noncurrent Assets
Finance lease, right-of-use asset61 
Operating lease, right-of-use asset55 
Long-term investments and receivables1,5641,321881585782516515
Long-term investments1,5641,321881585782516515
Intangible assets, net (including goodwill)4,4464,4274,4274,4273,5193,5193,519
Goodwill4,4464,4274,4274,4273,5193,5193,519
Regulated entity, other noncurrent assets5,4934,8644,6314,4973,6393,7384,054
Restricted cash and investments      451
Other noncurrent assets584512863606522295350
Other undisclosed noncurrent assets30,767 (464) (237) (451)
Total noncurrent assets:42,96911,12410,33910,1168,2258,0698,438
Other undisclosed assets 27,58525,61023,61721,35119,89218,647
TOTAL ASSETS:46,10041,12438,24136,22032,05330,58029,778
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3711,1481,1201,085885814868
Accounts payable1,3711,1481,1201,085885814868
Debt1,058338837550774229246
Postemployment benefits liability     910
Regulatory liability389361370128147108235
Other liabilities809837823738685679829
Other undisclosed current liabilities1,2889219621,0881,1491,152946
Total current liabilities:4,9153,6064,1133,5893,6392,9903,134
Noncurrent Liabilities
Long-term debt and lease obligation15,22913,820    8,606
Long-term debt, excluding current maturities15,12613,771    8,606
Finance lease, liability588
Operating lease, liability4641
Liabilities, other than long-term debt11,34310,4226,1489,6148,7188,2777,963
Deferred compensation liability, classified      58
Asset retirement obligations500489     
Deferred tax liabilities, net 3,2985,6075,1484,467
Deferred income tax liabilities4,0953,756
Liability, pension and other postretirement and postemployment benefits1,6541,3709631,2281,1421,4071,639
Regulatory liability3,8513,6583,6093,637702514515
Other liabilities9498111,1961,074853871874
Derivative instruments and hedges, liabilities295339380377414337410
Other undisclosed noncurrent liabilities  3,506   (8,664)
Total noncurrent liabilities:26,57224,2429,6549,6148,7188,2777,905
Total liabilities:31,48727,84813,76713,20312,35711,26711,040
Temporary equity, carrying amount156156156156156156156
Stockholders' equity
Stockholders' equity attributable to parent, including:14,06412,63011,48711,08610,71210,3529,977
Common stock1,7891,7291,6691,6691,6691,6691,667
Treasury stock, value(278)(299)(318)(318)(318)310300
Additional paid in capital8,0167,0886,2416,2406,2506,2626,236
Accumulated other comprehensive loss(76)(65)(60)(66)(65)(67)(74)
Retained earnings4,6134,1773,9543,5613,1752,7972,449
Other undisclosed stockholders' equity attributable to parent     (620)(601)
Total stockholders' equity:14,06412,63011,48711,08610,71210,3529,977
Other undisclosed liabilities and equity39449112,83211,7768,8298,8068,606
TOTAL LIABILITIES AND EQUITY:46,10041,12438,24136,22032,05330,58029,778

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues8,9048,5268,4487,7527,6397,9557,742
Cost of revenue
(Cost of Goods and Services Sold)
(171)(163)(162)(157)(163)(147)(3,334)
Gross profit:8,7348,3638,2867,5957,4767,8084,408
Operating expenses(6,916)(6,936)(6,748)(5,834)(5,779)(6,191)(6,109)
Other undisclosed operating income1711631621571631473,334
Operating income:1,9891,5901,7001,9181,8601,7641,633
Nonoperating income10913312878463425
Investment income, nonoperating51318811  
Public utilities, allowance for funds used during construction, capitalized cost of equity42454434261914
Other nonoperating income1041201107035  
Interest and debt expense(538)(533)(499)(422)(401)(372)(362)
Income from continuing operations before equity method investments, income taxes:1,5591,1901,3291,5741,5051,4261,295
Income from equity method investments14      
Income from continuing operations before income taxes:1,5731,1901,3291,5741,5051,4261,295
Income tax expense(346)(273)(289)(579)(555)(540)(468)
Net income:1,2279171,041996950886827
Net loss attributable to noncontrolling interest(8)(8)    (8)
Other undisclosed net income (loss) attributable to parent(7)8    8
Net income attributable to parent:1,2139171,041996950886827
Other undisclosed net loss available to common stockholders, basic(8)(8)(8)(8)(8)(8)(8)
Net income available to common stockholders, diluted:1,2059091,033988942878820

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,2279171,041996950886827
Other comprehensive income (loss)(11)(5)6(1)27(28)
Comprehensive income:1,2169121,047994951893799
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(8)(8)(8)(8)(8)(8)8
Other undisclosed comprehensive loss, net of tax, attributable to parent(14)     (15)
Comprehensive income, net of tax, attributable to parent:1,1949041,039987944886792

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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